Five mistakes that you should not repeat in the coming year.
For many investors, 2008 was a nightmare that came true. After four years of boom, when the tables turned, it wiped out lakhs of crores of investors’ wealth.
Last December, there would have been a smile on everyone’s face. While the US had started feeling the pinch of the sub prime crisis, many experts claimed that India was decoupled from what was happening there. Well, it took just one month to change the scenario.
On January 21, in a matter of hours the benchmark indices, Sensex and Nifty, hit the lower circuits. And in the next 11 months, there have been few moments of pleasure for the stock market investor. Both the indices are down over 50 per cent. But depending on portfolio, some investors have even lost 80-85 per cent.
As the year-end approaches, let’s look at some of the mistakes that many investors made during the last year and hopefully, refrain from making them again.
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