?? lakh crore wiped out from Sensex???
There is a blood bath in Sensex.
All the newspapers have gotten wonderful stories to cover their pages.
But is it really?
Should long-term investors worry about it?
Is there anything more serious to it?
Should we get out of the market and say bye-bye to investing?
Let us dive deeper and analyse, and wait for the last conclusion because I have truly serious things to tell you all.
Sensex is closed at 73,198.10 points today.
It was 78507.41 on 1st January 2025.
It reached 85,978.25 points on September 27, 2024.
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So, now it is down by close to 7% from YTD (Year to date) and 15% from the all-time high.
Lots of people who had started a few months or a few years ago may see their holding in RED.
But, you should not care about this.
Do you know why?
Because it will pass too.
And if you have a long-term plan, it is a winning opportunity to increase your SIP because your average cost will go down. And this is the beauty of SIP.
And why am I telling you all this?
Because I have experience and I have seen such drops many times.
I started investing in 2010. Sensex was only some 17,526.71 points then.
For me, it has gone up by 300%.
This is the benefit of investing for the long term.
So if you have long-term plans, this is not a bad time but a good time to experience.
Like me, you will also see Sensex going up by 300% or even more in your lifetime.
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What do you think?
Will you quit or preserve and enjoy the gains coming in the future?