What an incredible run up that happened in the month of November. Early November began with a market level of around 2500 and ended the month putting on some 350 points to end at 2850! This update was prepared on 29/11. Edited 30/11 end of day, market slumped by 58points. So overall still this month up by close to 300points, or 12% gain in a month.
Imagine a person who predicted a big crash and turned full cash at 2500 level to some others who still have a high cash warchest. They would have missed out on this big run up in prices, and also dividends from some of the counters, if any.
Overall, I stayed the course, as I realised that I am unable to time the market and would fail miserably if I attempt to so do from past experiences. The edit above also proves this point . How can anyone predict the market accurately? Continued my weekly adding of dividend stocks....