Key Points
The narrative will focus on how returns and how the valuations are expensive..
Yes, there is no doubt that valuations are expensive, they were even higher a month back, when everyone was saying cheers to mid-cap..
At this point of time the question whether I should sell or buy more needs to be replaced by what business do I own and whether that business is going to grow or not The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns..
A month back when it came to making a choice of investing, the option was either buy a fairly priced stock or an overpriced stock..
They are still expensive, just because the markets have fallen the stocks are still not bargains, so continue to have checks and balances and dont be in a hurry to average out...
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