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D.Muthukrishnan (Muthu), Certified Financial Planner- Personal Financial Advisor

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Year end review

Posted by Muthu on March 31, 2016

From the beginning, we’ve been sending your portfolio summary along with our review in the month of April. This would be for the financial year ended March 31’st. This is the only time we want you to see the portfolio. Frequent watching of portfolio may lead to impulsive unwanted decisions. I’m aware that not all of you listen to this piece of advice. It would be in your own interest if you can follow the same.

Sensex as on March 31’st 2015: 27,957

Sensex as on March 31’st 2016: 25,341

Sensex has fallen by 9.35% over last one year. It has been a hugely volatile year. Markets lost heavily in January and February, only to recover again in March.

Watching markets every other day would have been an emotional roller coaster ride. Seeing it once a year is good for your peace of mind and wealth.

In next couple of days, we would be publishing the comparison of asset classes since 1979-80 (the year in which the Sensex was formed). We’ve been doing this exercise for last 5 years and you’ve asked us to repeat the same at the end of every financial year. We are happy to oblige.

From 1979-80 to 2015-16; for the last 37 financial years, Sensex had 25 positive years and 12 negative years. So 68% of the time it is positive. You’ll have more positive years than negative years.

You all have committed a minimum period of 10 years for SIPs and for many of you the investment tenure is running into decades. You are betting on the future of India, its economy and companies. We are in for a huge growth in the coming years and decades and you would all be winning in your bet.

So be confident and continue to stay the course. We foresee good growth for the markets in next few years once the earnings pick up.

We plan to complete sending the year end portfolio reports latest by end of April. If you don’t receive the same by then, please let me know.

I share with you one of my favourite quotes of John Bogle in the year end reports. I want to share it this year even before sending the reports.

Stay the course. No matter what happens, stick to your program. I’ve said ‘stay the course’ a thousand times, and I meant it every time. It is the most important single piece of investment wisdom I can give to you.

All the best.

3 Responses to “Year end review”

  1. Nothing can be farther from this gospel truth that “Stay on course” – “Abhi to party shuru hui he”.
    Happy Investing.

  2. Kumar S said

    Hi Muthu…. What should I do to get your financial advise? I stay in bangalore.

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