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If you can handle the risks, stay invested


I’m a 59-year-old Class I central authorities worker. Up to now two years, I’ve invested about 10 lakh in numerous mutual funds. Initially, I had suffered a lack of about 2 lakh in the course of the first covid wave, however now the portfolio’s worth has hit 15 lakh. I’ll retire in Might 2022. Ought to I e-book the revenue or wait?

—Title withheld on request

 

The reply to this query would rely upon an individual’s general asset allocation and portfolio in addition to his/her age and threat tolerance.

In your case, you would wish to reply for your self the query of how you’d really feel if the market plummets over a number of days and your portfolio worth goes down (once more) to 8 lakh. If you happen to assume you gained’t thoughts that and can keep invested, you’ll be able to let your funding journey.

Then again, as is extra probably the case, should you would really feel harm by the loss, it could higher, if at the least, you’ll be able to e-book the revenue and maintain your unique funding of 10 lakh proceed available in the market.

Srikanth Meenakshi is the founding father of Primeinvestor.in

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