I love the expression. It is succinct for the stormy seas of today's financial world. Who knows whether the Feds have coordinated their actions across national boundaries, or simply running around like headless chickens? I would not like to take a chance with your stock portfolio. This is why I recommend the following actions for the rest of this trading week:
1. Focus on your cash flow. Cut back on expenses wherever you can. Adopt a Kaizen approach, valuing every penny-or paisa, if you will. Look for additional revenue lines. I have made a suggestion yesterday, and can drum up more ideas just for you. Sell non-productive assets and put the money in bonds of conservative government bodies. Build inventories of essential food, medical, and energy supplies at advantageous prices. Put all big-ticket expenditure on hold, and that includes discretionary spending on vacations. Build a cash corpus to deal with unforeseen exigencies.
2. Buy valuable stocks if you have money left over after step one above. Look for corporations with brands, technologies, realty, and reliable track records of paying dividends quarter after quarter. Post below or write to me at drsbanerji@gmail.com if you need help to find such stocks.
A cool hand at the tiller will not attempt too much at once. It will not waffle either. Above all, you have to Walk the Talk with an honest heart.
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