Tweet Buster: Shankar Sharma says meltdown proves 'Asset Allocation Sahi Hai'
The coronavirus blip on the economy and businesses is likely to stay for a while.
The coronavirus blip on the economy and businesses is likely to stay for a while.
Here are a few suggestions from top Dalal Street experts to make the most of the situation.
iThought’s co-founder Shyam Sekhar says in order to pick multibaggers, buy stocks that have fallen 60-70% from their pre-corona levels.
You want multibaggers?Wait for stocks to fall 60-70% from their pre #Corona prices. Pick only a handful with impro… https://t.co/NIcPidXkf7
— Shyam Sekhar (@shyamsek) 1586659677000Sekhar hinted that financials may face more tough times going ahead and instead of picking battered financials, he advised investors to look for opportunities elsewhere.
I believe most fund schemes with financial weightage matching to #nifty weight will go through very tough times.Co… https://t.co/5KAON2a2J2
— Shyam Sekhar (@shyamsek) 1586490313000In another tweet, he reiterated that among index stocks, ignore consumption and financials as value lies in the remaining ones.
Index has 3 types of stocks. Very expensive-consumption. Expensive-financials.Value - rest.Market is either hi… https://t.co/8ibHWUFFoE
— Shyam Sekhar (@shyamsek) 1586232702000Market veteran Shankar Sharma said one thing that has been established after the meltdown in equity market is right allocation is the way forward.
After this meltdown, one can safely say ( to the " Equities are the Only Thing" gang): "Asset Allocation Sahi Hai… https://t.co/cV1KCjRdBX
— Shankar Sharma (@1shankarsharma) 1586410278000Here's another piece of advice from Sharma.
"Never sell a stock merely because it's expensive. Sell it only when the reasons for it being expensive, become elu… https://t.co/qwsmQWaHBT
— Shankar Sharma (@1shankarsharma) 1586669704000Meanwhile, independent market expert Sandip Sabharwal put out a tweet calculating the economic impact of the nationwide lockdown.
For the full fledged #Lockdown supporters putting up my calculations on impact on GDP per dayImpact Value 40%… https://t.co/3puO1Fj2OK
— sandip sabharwal (@sandipsabharwal) 1586530608000Download ET Markets APP
