Today Nifty crossed 20,000+ for the first time ever!
11/9/23 will go down into history pages.
While some ‘warriors’ who bought when markets were down are rejoicing the fruits of their patience, many ‘worriers’ as always are worried about market trading at expensive valuations.
Mind well, I clearly remember, when Nifty crossed 10,000 in 2017; there was a similar disbelief that time too.
6 years later, the markets have doubled in 2023.
10 years from now on, Nifty will already have doubled.
I know many ‘cautious’ investors sitting on sidelines since 18,000 because they thought market is expensive. And to their dismay, markets continues to rally 20,000+
I’m not saying don’t be cautious. You should always be when into stock markets. Though, don’t be pessimist everytime market hits new highs.
I also don’t say that markets will straight away double. You’ll most likely see 10, 20, 30% falls/corrections on the way up. And you should be mentally prepared for that because that’s how stock market performs.
Though it’s wiser to stay invested for a long period of time.
Imagine the plight of those who sold in disbelief when Nifty hit 10,000 in 2017, only to see markets double from there (of course despite the 35% corrections during Covid19).
These are the times of celebrations.
As an investor, you eagerly waited for Nifty to cross 20,000+
The markets are doing good.
Your portfolios are doing good.
Go and celebrate with your friends & family today or over course of the week or on weekends. Have a good time with yourself. Lighten up.
Few years down the line, you’ll only remember these celebration memories when markets further double from here.
The Bull Run continues.
Cheers!
