Is it time to sell?

The market is at an all-time high, and many people are considering selling their investments due to the recent profits. What will you do with this money? Markets are at an all time high. Is it time to sell? The state of the market should not govern your buying or selling decisions. Markets are highly unpredictable. They can rise dramatically when least expected and fall as a surprise. There is no pattern to markets going up or down, and anyone claiming to have a foolproof method is likely to be wrong. The best approach is to have a well-thought-out plan, considering the volatile and erratic nature of the market in recent years (last decade or so), which has been influenced by global interconnectedness and rapid information dissemination that quickly reflects in the stock prices. Therefore, selling based on market movements is not advisable, as you never know when the market will continue going up or start declining. Let's look at an example from the past to illustrate this point. In 2003, the market hit an all-time low after several decades, reaching close to 4,000 points. It seemed like the markets only went down and would never go up

This article was originally published on June 09, 2023.