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SIP stocks

Discussion in 'Technical Analysis' started by vaibhavkbhalerao, Jan 9, 2024.

  1. vaibhavkbhalerao

    vaibhavkbhalerao New Member

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    What are the best stocks for starting SIP in 2024?
     
    vaibhavkbhalerao, Jan 9, 2024
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  2. shabbir

    shabbir Administrator Staff Member

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    None. Stocks are available at a great price at some point of time only. If you believe you can buy them at any time in a give year, you may have returns a lot less. As an example, Coca Cola is a great company and we all know Warren Buffett has a large holding in it. But he is not buying it all the time.

    So a single stock can have problematic 2024 and you can buy it scatterly but it doesn't mean you can do a SIP.

    Still, I think Pharma, Chemical and IT sector stocks are good to be accumulating in 2024 but not sure how long you can accumulate because they are starting to show sign of moving up and most of them are up 20 to 30% from the lows.
     
    shabbir, Jan 10, 2024
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