Categories Financial Lessons Sensex

How Waiting for a Market Crash Backfires

Way back in 2008, he was stuck in a traffic jam in Mumbai and was reading the innumerable billboards alongside the highway. On one he saw a picture of a gleaming, oversized New York blue glass skyscraper apartment building with improbable hanging gardens on random floors. The advert was for an investment fund with a “guaranteed return of 20%”. At that moment it dawned upon him how messed up the market was. Within two weeks he was 90% in cash.

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