‘Don’t invest all your savings in the stock market’

‘I am a third stage cancer patient. I can save only 25,000 per month. Please suggest me options for four to five years horizon.’

Ajit Mishra, vice president, research, Religare Broking, answers your stock market queries:

Bhupendra Kumar: I am a cancer patient with third stage. I have small income and can save only 25000/- per month. I have a child four year old. I want to invest in stock market. So that i can give some financial support to my only child. Please suggest me one or two options for four to five years horizon. Please help me. Hope u reply me soon. 

Ajit Mishra: We would not recommend putting all your savings in the stock market. As much as it is rewarding, it has risks associated with it as well.

Allocate a portion of it in blue-chip companies like Reliance Industries, Britannia Industries, Bharti Airtel, M&M, HDFC Bank, TCS, ICICI Bank. One can also look at Nifty ETF as well.

VIPUL PATEL: Sir, I have purchased 50 shares of STERLING & WILSON SOLAR LTD. @ 502/- PER SHARE. Shall I hold the same or sell? If I have to hold then for how long do I have to hold.

Ajit Mishra: Exit 

vivek sharma: I have the following shares. Please suggest what to keep, hold and sell.

Ajit Mishra:

1. Anjani Foods – 100 shares- Purchased for Rs. 152 per share (should I sell them?) – Hold

2. Everest Kanto Cylinders – 50 shares – Purchased for Rs. 144 per share (should I sell them?) – Book Profits

3. Adani Power – 200 shares – Purchased for Rs. 89 per share (I would like to sell them in the price bracket of Rs. 125 and repurchase 500-700 shares when they are little down) – Look to exit

Also, I would like to purchase Reliance Power shares. Should I purchase?

Ajit Mishra: No

Kiran Thumpati: Kindly give your suggestions for below mentioned stocks to hold or exit. 

Ajit Mishra:

1. Glenmark life sciencies 150 [email protected] rs – Hold

2. Trident 4000 shares @25 rs. – Hold

Shamsudeen Hamsa: Please advise me on the scope of the following stocks which I plan to buy.

Ajit Mishra:

1. Xelpmoc Design and Tech Ltd – Avoid

2. Aurum Proptech Ltd – Avoid

Aditya: Kindly advise for the following stock holding — Vishal Fabrics: 3000 shares @ Rs 120.

Ajit Mishra: Exit

Dinesh: Dear Sir, kindly let me know can I retain or sell following shares.

Ajit Mishra:

1) Spice jet – Prefer Interglobe
2) State Bank of India- Hold

Rajesh Nair: I have the below shares along with average price. Please advise whether I should hold, exit or buy more:

Ajit Mishra:

MANI SHUKLA: I am 40 years old I want to invest around 2 Lakhs per month in MFs, Equity, Bonds etc. Please let me know best funds, bonds etc for next 12-15 years of horizon. I already have SIP worth 55K per month and I want to invest 1.5 lakhs more. Is it worth to go with PMS services, which PMS is best with balanced approach?

Ajit Mishra: We would not be able to comment on mutual funds or PMS.

Please mail your questions to [email protected] with the subject line ‘Ask Ajit’, along with your name, and Mr Ajit Mishra will offer his unbiased views.

Disclaimer: This article is meant for information purposes only. This article and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products/investment products mentioned in this QnA or an attempt to influence the opinion or behaviour of the investors/recipients.

Any use of the information/any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.

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