In my financial advising career spanning over almost 20 years. (Started on 6th April 2004). I saw many bull and bear markets including mother of All Bull market between 2003 to 2007 (Sensex from 3000 to 21000). Here are some of my learnings from journey of two decades. Why Sensex is soaring high Now Equity markets run on sentiments currently sentiments and news flows are very positive. There two positive news flows. 1. Its Goldilock situation for India now as after state elections results. It is assumed that India is likely to get stable government at Centre. 2. Fed Reserve American Central bank announced that interest rates will be cut by 75 bps in CY 24. It means emerging market including India will get more flows in market. • What To Do Now 1.Set your Asset Allocation Right Asset allocation is key in investment management and wealth creation. It’s decided as per your Risk profiling. It is correct time to make proper asset allocation. Ideal Asset Allocation could be 50% ,Equity 40% ,Debt 10% Gold. (Differ from individual to individual). 2.Book Profit from Your Direct Equity/stock portfolio Its correct time to get out of junk stocks from your portfolio and don’t add new junk/ penny stocks. Book profit from stock portfolio also. In Mutual Funds no action is required as fund manager does the same for you. 3. Don’t Speculate At top of the market most of the people become greedy and want to speculate. Always remember What is easy to come is easy to go as well don’t get in future option or leveraged positions. Fast money can make you bankrupt also Most importantly stay with well managed and diversify mutual funds. 4. Stay with Experienced Advisor (Min 4 market cycles Exp). Advisors role is important in both situation euphoric situation or depressed situation. He can control your behavioural biases. He knows that market is not in anybody’s control but risk management is in one’s control. 5. Stay cautious on small and mid cap space Mid cap and small cap rallied too fast in last 2 years. I think its time for them to take breather. So be cautious on Mid cap and small cap. So be optimistic and cautious and enjoy the ride.........Blog for Investor Awareness and Education purpose by Santosh Akerkar.