Roast my portfolio that lost 2L (unrealised profits) in one month
I am 23 and started investing in my first year of college with my stipend but put everything in debt funds fearing equity as a newbie. Gradually started adding some in equity after I made some money in freelance. Since I started my job around 2 years back, I've been aggressively putting in equity. I am averaging around 45k per month manually in different funds with no set strategy.
I now feel like my lack of strategy is showing. I don't need any of this money for at least the next 5 years. Should I change something or just wait for the market to bounce back?
Risk profile: Moderate Investment horizon ~7 years
I am 23 and started investing in my first year of college with my stipend but put everything in debt funds fearing equity as a newbie. Gradually started adding some in equity after I made some money in freelance. Since I started my job around 2 years back, I've been aggressively putting in equity. I am averaging around 45k per month manually in different funds with no set strategy.
I now feel like my lack of strategy is showing. I don't need any of this money for at least the next 5 years. Should I change something or just wait for the market to bounce back?
Risk profile: Moderate Investment horizon ~7 years