DIVERSIFICATION IN ASSET CLASS

World over lockdown or restricted movement is going on. We are staying in the home for our safety, but we all are working. It is very difficult to stay home without work. Here, we can take a few lessons from our surroundings. There is one story in the Purana,  once there was dispute arises between God Indra and Farmers. Things turned ugly and rain God Indra decided that he will not shower rain in that particular area. Farmers went to meet Indra but there is no respite from Indra over the rain. Due to drought, all farming activity got stock. But Indra told them there will be rain after six years. All farmers decided that they are going to God Shiva for the same. Before them, Indra met Shiva and told Shiva not to entertain them or give them some excuse. When farmers came to see Shiva, he told them that when he will play with his Damru then there will be rain. When farmers asked for the exact time, Shiva told them about five to six-year.         ...

Now day we are listening a word new normal  regularly. What is this, what is going to change from our recent past, how will be future. There will be changes which will be more in behavioral  nature .If we look our routine in recent time just prior to lock down  we took every aspect of financial planning on toss. Now we are realizing that we are more vulnerable than ever. Whatever we planned  needs to be revisited. Also nature of modern warfare which will be more in biochemical  form.Going forward we will see more mature behavior from all of us. Here is one simple learning that  we have to take all our financial planning more seriously.Planning should be long term. Also our protection be it life or health ,  have to take adequate cover so that all our precious resource should be conserved. When ever we will plan , following points should be considered : Diversify  portfolio . Retirement planning Contingency planning Asset light...