Synopsis
Last week, although the Nifty touched an all-time high, there was considerable turbulence. And the broader market is not in alignment with the Nifty, as evidenced by the fact that most portfolios are not as high as they were when the Nifty last peaked in September 2024. Now, while the markets are about buying and selling, it is at junctures like this that the third option should come into play: Just hold. Yes, there are times when wealth creation happens by hanging on to quality stocks. And by ignoring what is happening to the Nifty and Sensex.
Here’s a quick lesson in the history of wealth creation. Yes we are using the words wealth creation and not stock market, though we are talking about the stock market. The year 2008: The global financial crisis crushed risk assets. Just five years later, the US “taper tantrum” crushed emerging market currencies and equities. Late 2016 saw demonetisation. Then came Covid in March 2020, slamming the markets in weeks. The Ukraine war in 2022
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