– Should I book profits?
– Should I stop my SIPs?
If you have this concern, let us answer this.
Nobody can predict markets. They trade above fair value or below fair value and stay there much longer than you can anticipate. If we try to time the markets, chances are we will make a few wrong predictions over the course of next 10-20 years. One mistake can cut your total returns by a lot. *WE STRONGLY SUGGEST NOT TO TIME THE MARKET.*
However, if you think you need funds in the next 1-2 years, it is a good time now to book profits.
*Regarding SIPs( Systematic Investment Plans),* they should continue for as long as possible irrespective of market highs and lows. It silently does it work. You have seen it work in the past. The future will be no different. In fact, I would suggest you consider increasing your SIPs.
Thank you.
Stay Invested.