Watch the value of the market rather than punt about its levels
They’re saying that the Sensex will touch 12,000?" She said in a hushed whisper. It is 2005 and I am talking to a senior citizen couple who have come as guests to get their financial plan made in my first television show called Show Me the Money with NDTV. I remember being unhappy with their 100% stock allocation at a time when their had unmet lifestyle costs. I had wanted a rejig of the portfolio towards some regular income products while leaving at least half the portfolio in stocks. But the thought that the markets will keep rising kept them from doing anything about their portfolio. The next decade saw the same index soar to just over 20,000 in January 2008, then drop like a stone in water to just over 8,000, 14 months later in March 2009. The Sensex is flying at almost 25,000 now and the question remains the same, with just a change in value. “They say the Sensex will go to 40,000 soon; will it?"