Don't indulge in panic selling. Stay invested, it is time to buy stocks and not sell. Since very few people can predict market movement, NEVER try to time the market.
To be on the safe side, invest in mutual funds, and don't listen to 'experts' who mushroom all of a sudden and are eager to give you formidable advice. If you are unsure about your research and is not too comfortable with your own judgement, MFs are your best bet.
However, it does not mean that investing in MFs naturally eliminates all risk associated with investing in the markets. Mutual funds that to their experience, research and anlysis are in abetter position to analyse risks than any lay 'expert'.
Since only the 'right' professional can help you achieve your financial goal, by selecting the right investment options for you, do spend time to zero in on the right advisor before you start investing. Remember you need to be patient, be it choosing your financial guide or getting returns from your investments.
Remember, you should plan for the long term. We suggest you diversify a bit, looking at stocks, mutual funds, commodities and gold (for a longer-term).
A stock trader watches his screen at a local brokerage firm in Mumbai
Photograph: Pal Pillai/AFP/Getty Images
Also read: Why did the stock market crash? 
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