Its easy to tell the months I had the most work from the frequency of blog posts, in inverse proportion. More the work --> fewer the blog posts. A cursory glance at the archives now tells me that last time this year, work began dwindling slowly, but surely, reaching an all time low nearing the first quarter of the year (J-F-M) and slowly building up again. August has been the busiest month so far, apparently. Well, I can credit that to the exam that I took which completely devoured my waking hours.
Right now is a strange state of existence. Euphoric markets, Burgeoning Gold prices and the overall positivity in a revival has overtaken the conservative and cynical mindset that had crept in. Good news is everywhere, the unemployment level in the US, where it all started is looking up, growth ratios are rising and inflation is finally over the negative level. Now is the turn of the people who missed the bus to lament. I'm already hearing the 'Damn, I shouldve invested in the stock market in March (it was at 8,000 - the lowest since the last few years)' or 'I should've looked at buying a house the rates are bound to increase at some point' (they already have). Shoulda coulda woulda.
It started with the optimists who had invested at 21k levels going near bankrupt, then came the smart Alec's who stocked up even at 8k levels and didn't let market sentiment cloud their judgement, and now finally the last kind, the "I shoulda's". I'm of the opinion that weigh the pros and cons one must, but at the end of the day also have a heart for a little win-lose situation, else it is better to stick to safer (low return) investments for the faint hearted.
Citing my own example, I took a huge risk by investing a significant amount of money right before counting day [declaration of elections]- a decision that was critiqued by many. However given that I had a balanced portfolio with a backup safety net well in place, I went ahead and took the risk. Turned out well in my favor (sensex has grown 5000 points since) but I can see the difference in the way I'm handling my account. The initial boldness, the quick decisions and snap actions have given way to reserved deliberation, more informed decisions and a more thought out strategy.
I wonder whats in store, some people assure me a correction is on its way. Book profits now and buy again on dips, I'm told. But then again, this coming from the same people who told me to wait till after the election results since the sensex tanking was but a certainty then. Others say the only way now is UP. Buy and Hold is their mantra. I, on the other hand am caught on a fence between both. I'm not a fan of getting caught up in short lived market sentiment and riding the wave of exhilaration unless its backed by strong fundamentals fueling the growth, and neither a fan of being far too conservative and losing the opportunity in the process.
I'm a DIY (Do -it-yourself) girl. I've navigated investments and the unknown territories of life with enthusiastic fervour and optimistic anticipation. I've taken responsibilities for my mistakes and (more than enough) credit for my good decisions (which is to say I've relentless made sure they remain top-of-mind among my people). I've pored over my ITR's and understood long and short forms in my account documents. I enjoy the complete command over my finances and personal life, both. Which is why you can imagine how unsettled I feel when I'm unsure what to do.