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So sir, what are you liking right now, where do you think it is right to invest, safe, what should I say, safe means sensible, more than safe, see, there is a lot of noise, you do your work and go, I mean driving, it is raining, I mean sometimes it is hot, you will drive, you have to go to attend a wedding, so what do you have to think about, it is the same, the wedding is fixed at 15, you mean the way I think, it has to double in the next 5 years, whatever savings we have earned, we have to invest it there, this is also our duty, our religion, understand, and a little more in 5 years, and to expect that if it doubles in a year, sometimes it can triple, and sometimes it may not, it may not be flat, what difference does it make, so with that expectation, you go and summer, winter, rain, everything will come in your way, it is not like that you will reach Pune with clear sky in 20 degrees, no, there will be a cold in between, the weather there will be absolutely good, it will become, you will not be able to see it, it is also suddenly bright Sunshine will remain like this but you should not stop the journey, that's right, so staying invested is most important and in a systematic way, sir, now a suggestion for those people who have come here especially after Covid and have not seen any sizable correction yet, God forbid, but if it does come, then what to do and first of all how to recognize that yes, something big is going to happen and secondly how to react in such a situation, what to do, see, you cannot recognize that something is going to happen, you will know after it becomes big, it has become big, well, you will not know it beforehand, then it cannot become big, nor will anything be known, so this is true, no, it cannot happen, you cannot know, who knows, we are talking about the market falling by 10-20 times, what would be the reason, this type of thing means, it could be any reason, I mean, completely unknown, unknown, of reasons, so you have broken the nature of the market and what is the problem, it is not living by its nature like monkeys Monkey, suppose to jump, monkey, dozen, jump, monkey is sitting like this, which means it is not a monkey, yes, or it has some force, make dozen, correct, it is not a market, i.e., it is not in natural behavior, that is right, but try to understand why it is happening, because of the sustainable flow, till all the hosts will not come completely, then one why, while talking to you, when you feel that liquidity is decreasing in the market, at that time the signal of alert will come first, how will you know this, like your flows etc.
decrease, or the monthly flow of your SIP decreases, that too can deceive you, one month it does not come, the next month it comes double, well, many times it has happened in between, so it is difficult, you will know this only after it happens, yes, after all that happens, you will understand that brother, we are trapped, that is what I am saying, do not make a bad company, and if you do not know how to buy a company, then you give it to the good managers, you are wonderful managers.
Yes, they will take care of everything, it means if you do n't drive a car then why should you drive a car, friend? Yes, that's right, sit in the car from seven, yes brother, okay, you have to pay the salary, but the time has come. Isn't it to pick stocks? You need to have a very well managed, well balanced, diversified portfolio, I understood, sir, that's right, you gave the right example, if you do n't know how to drive, then don't drive.
If you drive, you will incur loss as well as the car. It is better not to hire a driver to learn driving. Yes, okay, there is no time to learn, there is so much traffic, take a lakh or two lakh rupees and do it here, but with serious money, you can't do learning. It's the same thing that what will you do even after learning driving at the age of 60-65, it is better that if you earn so much, then at least hire a driver.
No, no, but actually knowing, to give money is also an art to pick a good fund manager. That too is an art in itself, I mean, there are all kinds of people with money, to whom should you give money? What is the point of yours in it? You should take help from intermediaries. Any good tip, sir, about them is the track record and what is the track record?
Look at their track record, go and talk to them. Just like you hire an employee, it's okay, go work for you. You have to make sense and whether he makes sense or not, what does he do in the last 12 months, see his performance, what did he buy, what did he sell, is it a one-stock wonder, he has two-stock wonder and one-sector wonder, the correct rate has increased a lot, but his old track record is all bad companies, so you know you have to be you must like what he is doing.
So sir, you have seen so many cycles of boom and recession, you have seen so many markets, bull markets, but despite that you are saying that don't try to see where the market will top and when it will top, you will know only after it is formed and hence it is better that your portfolio should be good.
If you have the right companies at reasonable prices in your portfolio or if you cannot do all this then you can invest in good mutual funds. There is safety for you only if you are invested
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