Worried about a drop in the market? Zerodha founder has four words of investment advice

This advice comes at a time when investors’ wealth has declined ₹5,31,261.2 crore in two days of decline in equity market.

Elaborating on the subject, Kamat in a series of tweets said, I have asked many successful MF, PE and VC managers whether they will be able to resist the temptation of market timing and maintain profitable investments. If they can easily exit and invest like retail investors. The answer is almost always “hmm… probably, no”.

The inefficiency of time to market due to size constraints and liquidity – especially in private markets that force fund managers to adhere to fundamental investing rules – let your winners run. This is one of the reasons why they outperform retail investors who always try to time the markets, he said.

As George Soros said, “It is not important whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong, Zerodha Founder it is said.

The BSE Sensex closed 524.96 points or 0.89% lower at 58,490.93 on Monday, slipping for the second consecutive session. Meanwhile, it closed 626.2 points lower at 58,389.69 during the day. It had closed 125.27 points or 0.21% lower at 59,015.89 in the previous session.

Market capitalization of listed companies on BSE fell after weak trend ₹5,31,261.2 crore will reach in two days ₹2,55,47,093.92 crores.

The biggest loser in the index was Tata Steel which fell 9.53%. It was followed by SBI, IndusInd Bank and HDFC. Meanwhile, HUL, Bajaj Finserv, ITC, HCL Tech, Nestle India, Bajaj Finance and RIL closed with gains.

Sector-wise, BSE Metal, Basic Materials, Realty, Power and Utilities indices fell up to 6.80%, while FMCG ended with gains. In the broader market, the BSE Midcap and Smallcap indices fell up to 1.84%.

(with inputs from agencies)