Equity Market (Sensex & Nifty) up inspite of not very encouraging news in the last couple of days

Investor: I am wondering why this market is going up and up in spite of Corona?

Me : You cannot predict SENSEX. Not even analysts. I always tell you, don’t do market timing, time in the market is important for Wealth Creation.

Investor : Ya, true but why did this happen?

Me : Tell me how many vehicles were there in your society before 10 years and today?

Investor : more than double

Me : Have you upgraded your vehicle?

Investor : Yes

Me : How was your salary before 10 years and today?

Investor : more than Double

Me : Are you using same mobile which was used before 10 years?

Investor : No way

Me : Then how can you expect degrowth in SENSEX. It is made up of companies. And those companies are growing and so you. And so SENSEX is growing.

Investor : But????

Me : Understand one thing… Lockdown situation came and went, another crisis will come and will go, another government will come and will go, but your growth (meaning INDIANS) is permanent and India is made up of people like you. So India’s growth is permanent and so Companies growth and so SENSEX’s growth is permenant.

But yes.. many corrections will come but they are temporary.

Investor : Oh.. got it !

Correction is temporary and growth is permanent

Invest in equity mutual funds for the long term to create WEALTH.

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