Be greedy when people are fearful and fearful when people are greedy. We’ve all heard this or some version thereof in the context of investing. However, as fear mounts due to COVID-19, many are wondering how to invest during this pandemic. Some are even wondering if they should invest at all. There are a lot of factors we have to weigh when investing in times of uncertainty.
It takes courage and discipline to be a smart investor. The markets have proven year after year that while such global events have a short-term impact, in the long term, patience always wins. Just open your browser and type “Sensex” or “Dow” in the search bar. You’ll see a simple graph of the market. If you look at the Dow Jones Index since its inception in 1896 or even the Sensex, you’ll see that the market has always recovered historically. The only people who lose are those who try to time the market. Here are some tips for those grappling with how to invest during a recession, pandemic or whichever economic fears that are keeping you up at night.
Be disciplined with your SIPs