Wednesday, June 10, 2009

Stock market thoughts

Stock markets have gone up by nearly 1000 points today and yesterday! I think i will take some dud MF's out of my portfolio using this opportunity.

Will concentrate on a diverse portfolio of MFs but will try to restrict the number of MFs to 5-6.

Only problems is that I do not know whether to reinvest the money in equities.I do feel that the market is overvalued now and will have a major correction within a year.

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