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We are all in unique situation. Therefore analyze your requirement and goals and plan your investment accordingly.
Set the return benchmark against your requirement, instead of the sensex or your friend/neighbour.
Focus on your risk -- what will you lose if you don't invest? No matter what the market does, if you break your discipline, the returns won't be there.
Investors should be realistic about what they can achieve given their current life situation and manage risk accordingly.
Sir, I am interested in your colour.