Dan rata wedak nae.share market eka watei digatama.
Rathu welane adath
Market has gone down for the 3rd consecutive week.
These are the things we hear these days.
So, will market recover or go down forever?
Sri Lankan conpanies are doing brilliantly. If you follow recent quarterly reports, you must have understood that almost all the companies have done tremendously.
So, if you can chose Fundamentally strong shares: Don't worry these will give you atleast 20% in 6months time. So, don't panic.
And I must say that : some days you may see a green start. But don't fall into the trap and buy at higher rate. Market will not be recover soon. So, be patient. Have your calculations. If you think ABC share is worth for Rs. 25/=. Just buy it and hold it. But don't rush and buy at 27/=. Because market is not settled yet and will give you opportunity to buy at lower levels.
And if the share has gone 23, 22 after purchasing. If you believe in your calculafions and potential of the company, Don't panic. Don't sell. You can hold and if you want you can buy more to average the cost.
But try to diversify the portfolio.
And don't buy shitty shares even at lower prices if you don't have a short term exit plan.