Fun fact: Nifty was rangebound between 4500 and 6400 for a total of 7 years – between Sept 2007 and June 2014. And in the next 7 years, by the end of 2021, the index was at 18000 – 3x higher than in 2014. This despite 25% – 40% correction twice in the intervening period.
Morale of the story:
1) Be bullish, ALWAYS
2) Be patient, especially during the correction phases
3) Diversify. Equities won’t always deliver positive annual returns.
4) Be agile. Know when to book profits, when to stay in cash, when to go all in and also when to go short.
Ashish Deodhar 