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Peter Bernstein, finance historian and captivating author, was an expert on the subject of risk. The derivation of the word “risk” reaches back to the early Italian risicare, which translates as “to dare.” Risk looked at from this viewpoint is a choice rather than a fate. And it can broadly be viewed as the probability of something going wrong, and the negative consequences if it does. *The lens through which you view wealth is crucial.* Like your children, wealth is the primary link between your present and the future. When you invest today, it's your future that you are really managing. Think about your wealth the same way you think about your children. You want your children to have freedom, but you also want them to be good people who can take care of themselves. You don't want to blow it, because you don't get a second chance. *Maximising return is not a strategy, survival is.* In general, survival is the only road to riches. The trick is not to be the hotte...

*You Are What You Do* *You are where you are and what you are because of yourself.* Everything you are today, or ever will be in the future, is up to you. Your life today is the sum total result of your choices, decisions and actions up to this point. You can create your own future by changing your behaviors. You can make new choices and decisions that are more consistent with the person you want to be and the things you want to accomplish with your life. *The Power of Habit* Perhaps the most important discovery in the fields of psychology and success is that fully 95 percent of everything that you think, feel, do and achieve is the result of habit. Beginning in childhood, you have developed a series of conditioned responses that lead you to react automatically and unthinkingly in almost every situation. To put it simply, successful people have “success habits” and unsuccessful people do not. Successful, happy, healthy, prosperous men and women easily, automatically ...

After crashing to 7,500 levels during March meltdown due to COVID-19, Nifty recovered to its previous high earlier this month and now is trading at its all-time high near 12,800 levels. Investors who did not panic and sell in March / April must now be sitting pretty and investors who used the March correction to tactically invest in equity would have made hand-some profits. There are two types of feelings when the market is at its all-time high. One feeling is of bullishness and expectation of getting good returns in the short to medium term. The other feeling is one of trepidation about an impending correction. If you tune into business channels or read expert views, you may get a sense of optimism and also hear concerns about valuations. You get similar mixed views about the economy. Investing should not be about hope or despair. You should always invest according to a plan and remain disciplined. In this article, we will discuss what you should do in this situation. *Asset allo...

Many retail investors who pulled out of midcap and small cap mutual funds during the correction last year have been waiting on the sidelines for the past few months for the election results. The Indian electorate has given a clear verdict in favour of NDA, an outcome which the equity market was hoping for. With political uncertainty behind us and a stable Government in place, is it the right time to invest in midcap mutual funds? Most fund managers have opined that 2018 correction in midcap and small cap stocks has brought the valuations of these stocks to attractive levels. Midcap and small cap stocks were trading at a valuation premium to large cap stocks in 2017, but fund managers tell that in terms of forward P/E multiples, midcaps are now trading at a discount to large caps. Fund managers are able to identify good investment opportunities in the midcap segment and they think that this is the right time to invest in midcap mutual funds. look at historical data to see how midcap...