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Mutual Fund Corner: Investors should make these financial resolutions in 2020

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In this episode of Mutual Fund Corner, Harshvardhan Roongta of Roongta Securities tells us which are the financial resolutions that investors should make in 2020?

Do not try and time the market because nobody really knows what the highs and lows of the market, says Harshvardhan Roongta of Roongta Securities.
Speaking to CNBC-TV18, Roongta, who offers consulting services to individuals and families across the world, spoke on the financial resolutions that investors should make in 2020.
“Firstly, do not try and time the market because nobody really knows the highs and lows of the market. Secondly, do not compare apples with oranges. Do not compare returns of large cap versus midcap versus small cap funds. The third point is cut through the flavour of the season - focus on your own portfolio, means stick to asset allocation and portfolio mix based on risk profile. Also, ensure a judicious mix between fund categories. The last and most important point is a boring portfolio is the best portfolio. Do not make investment management and track fulltime occupation.”
While giving his take on whether the New Year is a good time for rebalancing your portfolio, he said: “There are two ways to go about it, either you choose the beginning of a financial year which is April 1 or you fix January 1. At the end of financial year you have already got too many things to do, so do not get this also to be coinciding with that date.”
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