Ha ha ha! When the market goes up, people happily follow YouTube influencers, bank advisors, and insurance agents—blindly investing in market-linked products out of FOMO (fear of missing out).
And now, as the market drops, they panic—thinking the Indian market is crashing to zero?!
Always remember: Finance is a personal matter. You will never get the right advice from agents or online apps that don’t understand your financial position. They sell the same products to everyone just to earn commissions.
Hi, I'm Amit Tiwari, a financial planner with 5 years of experience. I witnessed the ups and downs of the market, including the COVID crash. After graduating, I was fortunate to learn from some of the best minds in the industry. I had the opportunity to gain insights from Mrs. Radhika Gupta (as seen on Shark Tank & CEO of Edelweiss Mutual Fund) and have had valuable discussions with Parshant Sir and Ashish Sir, both of whom have exceptional industry knowledge.
Read this full blog and share it to others. I hope my experiences help you understand why buying when others are selling can sometimes be the best strategy.