The long-term investment horizon suitable for equity that was anything over three years depending upon who you spoke to briefly expanded to over 15 years if you wanted to earn better returns than what a bank savings account gives. Liquid funds that were seen as alternatives to bank deposits are suddenly giving negative returns, while government-backed fixed-income products have raced to the top of the return charts.
With a new normal emerging as you embark on a new financial year, how do you navigate through these uncertainties? We try and give you some answers.
Control what you can
In times such as these, it is important to focus on what you can control. “When you have too many worries and uncertainties related to your job, income and portfolio, among others, you should strive to convert some of the variables into constants,” said Amit Kukreja, founder of Amitkukreja.com.
“Moving the portfolio to more secure assets, such as high-quality debt, is one way of doing…