Portfolios are down 27%

Ouch ouch ouch...

Yes thats the feeling as of now, with my portfolio down over 27% since the last one months carnage. Right now my cost of sips is same as value... over the last few years.

The equity markets have dropped significantly as well as the debt markets .. long live the financial dream... yes thats how a lot of people feel when they see their portfolio .. and yes that includes me.

The recent drop has a lot to do with the macros and mostly because of the price of oil reaching 85$ and the meltdown due to the liquidity concern of IIFL.

Today the price of oil is 80$ ... and hopefully the impact of oil remains at this level for a sensitive economy such as India.

All of the above caused our CAD to become worse and that added to the impact of the Rupee depreciating to 74Rs/$.. and that making the CAD become worse ... and that making the FII sell their stocks since they bought in $ .. and that making the Rs depreciate further and that...

You get the drift.

In the next few months we Also have elections in five states and the lok sabha elections in may 2019. The trend of the market will get defined  from dec onwards post the state elections.

So what to do now. Deploy money in SIPs... for mutual funds or for portfolio stocks every month. Blue chips are down and they will jump up first.

When the markets are down and when the going is tough.. its best to keep your head down and continue with your investment plan

Add to the near future... thats simplefinancialsense!