In my last blog post and probably a couple more before that, I mentioned that we should stay calm and rational, have a plan and act upon it. This is my personal mantra and it has not changed.
Some wonder how I could act so confidently and decisively. Here are some reasons:
1. I am not investing using borrowed funds or funds which I need in the near future for other purposes.
2. Of my total investible cash, only 50% or so has been deployed in the stock market. In the last few sessions, it could have bumped up by a few % points.
3. I am informed by FA on a counter's value and by TA on a counter's price. I buy when I see value and when prices are at supports.
4. 80% or more of my investments in equities are for passive income and I sleep well with ......