Broader Market Correction lead by PSU Banks and Metals. Kind request to you.
I have seen lots of investors investing in PSUs and PSU bank thinking that they are safe haven. I have done this mistake in my first month into stock market by adding BHEL, NTPC, SBI, etc as my first investment into stocks thinking that they are safe bets.
They are not safe bets. They may give you good dividends upto 8%. But are you in stock market for 8% to 10% returns? or even less?
PSU stocks can never become multibagger stocks. It is a very rare case scenario. You are not in stock market to serve the nation.
Avoid PSU stocks, PSU Banks and Power sector. It is the work of the government to invest in them.
Currently I am Bullish on
- Select Pharma
- Consumer Space
- Select Midcap and Smallcap banks
- Select Chemicals
- Select Financials
- Select Growth stocks and Technically stronger stocks.
I request Priority Members to submit there Portfolio for complete review.
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