The Indian Stock Market has been doing great for the last couple of months and I felt like it was time to book my profits and get out of the Stock Market for some time and wait for another DIP before I get back in the Stock Market. The reason for my Exit is kind of technical and at the same time kind of personal as I am in need of some liquid Cash as I incurred some heavy Financial Bills in the form of my Marriage so yeah getting some Money out was kind of helpful right now.
Now even though I had reasons to get some money for my Financial Situation I would have most certainly tried to acquire the set Amount by any other means but the Indian Stock Market has been up and there are multiple reasons for that. For starters, Foreign Institutional Investors have been pouring money into India for the last couple of months which basically shows that India is a Booming Economy and has Great Potential so yeah the MArket has been Booming and the second reason why I felt like taking out my Money now was the fact that there are reports coming out of China about a new COVID variant that may run rampant for the next coming days.
Even though the News of COVID may be fake, Stock Market runs with rumors, and this new rumor of a new COVID Variant may once again turn the Stock Market BEARISH. So getting some Profits right now made a whole lot of sense to me so I exited almost all my Stocks and currently am holding some Liquid Cash in a LIQUID FUND which is earning me a tiny chunk of Interest while I wait for another Opportunity to Invest.
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