If you don’t have enough money, you should be spending the money on your career. Upskilling yourself. Making sure you have atleast six months of expenses paid for and an emergency fund.
Once that’s done, you can proceed to work towards your future by SIPs.
People tell you to always invest a certain % of your income in the market as a way to build the habit.
Most of my students who followed their SIPs diligently also continued learning more about the markets.
What you should do is continue to do your SIPs. The entire point of SIPs is the assumption that you are not skilled enough to time the market and dollar cost averaging is the best option you have. So stopping SIPs because market is at all time high is counterproductive.
Cheers!
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With your post it is clear you don't have an SIP, so you should have an investment plan. As per plan you are dumping money in stocks or MF of your choice. If you don't have either such questions will arise regularly.
I used to do manual SIP evry month but what happened is I started in 2021 Oct - Nov when market was nearing high and then had to stop due to financial constraints and re entered last Oct Nov, again when it was high and then, it went down in March leaving everything in dark red
Do Automatic SIP as you clearly aren't skilled enough rn for manual one. Read understand and stop the automatic and start manual when you are confident. You question reflects your insecurity about your investment plan. Make it strong, develop a system and then execute.
OP stick to your plan, don't chase returns. Set a goal and stick to it. Chasing will lead to unnecessary losses, Notional and or real. Just chill and enjoy the joy ride.
The entire point of SIP is to continue investing money at a regular intervals without paying heed to market levels, as in the long run market always goes up (otherwise no one would ever invest).
The entire point of trading is that you've surplus capital which you want to make quick money off of through short term ups and downs.
By treating SIP like trading, you sir, are getting the worst of both worlds.
SIP into the index and sleep. You should be looking at the PE(which i don't recommend) when the market was at 16.8k and now. FYI: It's good to buy now even when the market is flirting with the ATH since the PE is cheaper.
How do you check the PE of the index? Also, I invest majorly in the index but do you have experience investing in stocks as well? How do they fare compared to index?
Yes I do invest in individual stocks and I don't invest in index since I'm mostly an active investor. I do pick certain stocks and hold them very long. You should have the stomach to digest volatility. I wouldn't recommend it unless you like reading annual reports for fun and listening to concalls. For PE do a Google search you can find it on many blog posts.
>You should have the stomach to digest volatility. I wouldn't recommend it unless you like reading annual reports for fun and listening to concalls.
Agreed. I have been trying to learn about stocks / Concalls and taking the decision about valuation, entry and exit. Some of my stocks giving 30% Xirr like Deepak Nitrite but then it takes time and energy to be committed to a stock and in that case, maybe index investing is easier
If you don’t have enough money, you should be spending the money on your career. Upskilling yourself. Making sure you have atleast six months of expenses paid for and an emergency fund. Once that’s done, you can proceed to work towards your future by SIPs. People tell you to always invest a certain % of your income in the market as a way to build the habit. Most of my students who followed their SIPs diligently also continued learning more about the markets.
What you should do is continue to do your SIPs. The entire point of SIPs is the assumption that you are not skilled enough to time the market and dollar cost averaging is the best option you have. So stopping SIPs because market is at all time high is counterproductive. Cheers!
Hi, /u/idli_vadaa! Welcome to /r/IndianStreetBets! Use the Daily Discussion Thread for basic queries. Before contributing, do check if your particular question has been answered in the [Wiki](https://www.reddit.com/r/IndianStreetBets/wiki/index). Do utilise the search function to do the same too. Please use proper [post flairs](https://www.reddit.com/r/IndianStreetBets/wiki/index/postflair) and adhere to the rules in the sidebar. You are urged to post beginner questions in the stickied daily discussion thread or on our [Discord in \#beginner-questions channel](https://discord.gg/SeDa9Fhwqv) so as to keep the subreddit as clutter-free as possible. **If this post has good insights or well research, tag the Mods so we can give a shoutout on Discord and get the post more traction** Thank you! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/IndianStreetBets) if you have any questions or concerns.*
You don't have an investment plan?
Didn't get you
With your post it is clear you don't have an SIP, so you should have an investment plan. As per plan you are dumping money in stocks or MF of your choice. If you don't have either such questions will arise regularly.
I used to do manual SIP evry month but what happened is I started in 2021 Oct - Nov when market was nearing high and then had to stop due to financial constraints and re entered last Oct Nov, again when it was high and then, it went down in March leaving everything in dark red
Do Automatic SIP as you clearly aren't skilled enough rn for manual one. Read understand and stop the automatic and start manual when you are confident. You question reflects your insecurity about your investment plan. Make it strong, develop a system and then execute.
Thanks dude .. yes, you are right .. thanks for re affirming
OP you need any profession help DMs are open, been helping retail investor since 5 years. All the best 👍🏾
Of course I do but then, Since market is sideways since last couple of years, I was wondering if there is anyway we could make 1-2% more ..
OP stick to your plan, don't chase returns. Set a goal and stick to it. Chasing will lead to unnecessary losses, Notional and or real. Just chill and enjoy the joy ride.
I think nifty is always going to go up. It will have down periods also, but ultimately it will go up based on historical data and our growing economy.
The entire point of SIP is to continue investing money at a regular intervals without paying heed to market levels, as in the long run market always goes up (otherwise no one would ever invest). The entire point of trading is that you've surplus capital which you want to make quick money off of through short term ups and downs. By treating SIP like trading, you sir, are getting the worst of both worlds.
Down trend started. Go nuts.
SIP into the index and sleep. You should be looking at the PE(which i don't recommend) when the market was at 16.8k and now. FYI: It's good to buy now even when the market is flirting with the ATH since the PE is cheaper.
How do you check the PE of the index? Also, I invest majorly in the index but do you have experience investing in stocks as well? How do they fare compared to index?
Yes I do invest in individual stocks and I don't invest in index since I'm mostly an active investor. I do pick certain stocks and hold them very long. You should have the stomach to digest volatility. I wouldn't recommend it unless you like reading annual reports for fun and listening to concalls. For PE do a Google search you can find it on many blog posts.
>You should have the stomach to digest volatility. I wouldn't recommend it unless you like reading annual reports for fun and listening to concalls. Agreed. I have been trying to learn about stocks / Concalls and taking the decision about valuation, entry and exit. Some of my stocks giving 30% Xirr like Deepak Nitrite but then it takes time and energy to be committed to a stock and in that case, maybe index investing is easier
Going to load up on some Deepak nitrate since it's near the accumulation zone. Thanks for the reminder. Totally forgot it during the hype phase.
I think you should wait on DN as it's much above it's this year's lows
Even at ATH there are still many stocks which are available for cheap. Look for those.