History repeats itself.

When I say so I really mean it. It’s the same old story people jumping the bandwagon at the end of the bull run and burning their fingers and when its time to invest, nobody is investing. After achieving the peak of 21,000 in Jan 2008 the sensex has touched a low of 7,700. When the sensex was at its peak everybody was taking about long term investment and were purchasing shares as if there was no tomorrow. Now the same people are shying away from the market. Many are waiting for the Bull Run to return but does anybody know when the sensex will head northwards? No one was able to predict the fall in January. Similarly no one will be able to predict the return of the Bull Run. Investors should not wait for the bull market or the bear market. If one has a long term horizon of 8 to 10 years then anytime is good time for investing. We cannot expect Bull Run to continue for ever. Similarly bear market too doesn’t last long. Its plain logic. Whatever goes up comes down and vice versa. Anybody who invested 10,000 in the month of May 2008 would have got only 11 shares Tata Steel at the rate of around 900. If you invest the same amount today then you will get 50 shares of Tata Steel. Then what are we waiting for?