Thank you very much for taking time to reply and provide your valuable suggestion. I completely agree with you.
This thread is more like a log to my journey. I am still learning in the market and i would categorize myself as a defensive investor as in the book Intelligent Investor. I always go by the 40:60 equity debt portfolio. I take NIFTY PE as reference. I was around 41:59 before trimming my positions today. After trimming it is around 35% equity and 65% Debt(FD + Debt funds). The debt is storing money and whenever i find valuation to be reasonable (read as pe less than 20 or any stock specific story with mouth watering valuation) I will build my position.
I mean i am sitting really on cash and I would fall under no.1 in your category. I am 28 and want to build long term wealth. But, I lack the experience and skill to remain fully invested in this market.
Thanks again for your comments. Cheers