Master the Market Maze: 3 untapped investment strategy for 2024

livemint.com:

diversification is another effective tool. By spreading your investments across various asset classes (such as stocks, bonds, and real estate) and diversifying within each asset class (exploring different sectors and industries), you can reduce risk and create a more stable return pattern. Additionally, you might consider delving into alternative investments such as commodities, gold, or assets designed to guard against inflation if you seek a degree of protection amid economic turbulence.

Having determined the nature and extent of your investments, you might contemplate actively managing them instead of depending on friends and relatives to oversee your finances. In the face of potential heightened volatility, active management could prove beneficial in navigating the market and discerning opportunities. A tête with personal finance experts highlighted the reasons why not everyone can adopt a uniform investment strategy.

The mantra of “To each his own" encapsulates the essence of investment strategies, particularly in a period where stability, whether geopolitical, economic, or financial, is a rarity due to unprecedented macroeconomic factors. Basavaraj Tonagatti, a SEBI-registered investment advisor and founder, Basu Nivesh shared, “The first step you must take is to ensure that your fundamental elements of personal finance, such as term life insurance, health insurance, accidental insurance, and an emergency fund, are in place. If they are lacking, prioritise addressing these needs as quickly as possible.