And for a Friday …..: as the Israel/US -Iran war intensifies …… some thoughts …. some musings …….
Geopolitical tensions have been hovering over the last few years with Russia -Ukraine war the Palestine -Gaza conflicts ….. but they seemed in another continent & some distance far away …. as compared to this war which is right into our neighbourhood & impacting lives & livelihood ………with more than 12 million Indians residing in the Middle East our concerns for their safety & well being are most paramount …… particularly for Kerala the anxieties & tensions keep mounting every day …..: as almost every house hold in that state will have at least one relative or member working in the Middle East ……… TV coverage of the damages in mid town Dubai of iconic structures like the Fairmont Hotel , Burj Al Arab Hotel .some parts of the international Airport has shocked & punctured the confidence of Indians who are amongst the largest investors & occupants believing the place to be a safe haven …….everybody is praying for sanity to return & the issues be sorted by negotiations & diplomatic channels for the wellbeing of all ……. India has always been a strong supporter for peaceful resolution of all disputes ……
Depending on the duration of the war there could be many short term & medium term financial implications particularly for the senior citizens…… most important is not to panic & not to take any hasty decisions ….. the stock markets will be volatile & may go thru some major dips …… just be calm & do NOT SELL any Equities or Mutual funds …… depending on cash availability try to consolidate your portfolio with some good buys …… companies like L& T , SBI , ITC , Reliance etcetc will all bounce back …… those who are not in the share market……., this may be a good opportunity to enter with a good Multi Asset or Index Mutual fund. & start accumulating. Wealth from the share markets over the next few years as India transits to become the third largest Economy in the World …….
These are turbulent times …. Lots of unpredictables are at work …. so let’s all resolve to wade thru the calm /composed way ……. the concerned empathy way …. the SEEGOS way.