As Indian stock markets begin showing signs of weakness, investors seem to be getting worried about a deeper correction coming. Market maestro Raamdeo Agrawal, however, believes timing the market is futile. In an exclusive interaction with Money9, the veteran of stock markets shares key insights on the best ways to handle any up or down cycles of the markets.
“I don’t rule out a 10-20% correction in markets, however, I believe markets can further scale up after a pause. The current rally is still in the making as we are not done yet. What’s essential is that investors need to be invested in markets for 365 days to make serious amount of money effortlessly, one has to remain invested”, he said.
He said investors need to just buy right and sit tight and the longer you hold great businesses, the higher exponential returns you can make with the power of compounding.
When asked about investment lessons for new age investors, he said that so far he enjoyed everything about the market, including a market crash, as he looks at investment as a journey, where each and every experience holds its own lesson.
He said that investors need to look for just two things in a stock when they are digging for wealth compounders.
“There are two types of businesses: good and bad. You must understand you are looking at a good business, only good businesses compound. Don’t bother about predicting the market. Don’t speculate, but become an investor”, he said.
Watch the full exclusive interview in this video
