Ashish Shanker, MD & CEO of Motilal Oswal Wealth, discussing with Anupam Gupta.
People get carried away, because making money becomes so easy. I mean, it’s like a dartboard, right? You just throw darts at any company out there, and you suddenly see after a year, your portfolio is up 40-50% and you tend to get carried away.
So, it is extremely important at this point in time1, at this juncture for us to keep reminding clients not to forget their core risk appetite and asset allocation. So, I always keep telling clients, you know, your risk appetite is how you felt when markets fell 40% during COVID.
March 2020.
Right. Your risk appetite is not what you are feeling today. What you are feeling at the worst is actually your risk appetite.
- Referring to the bull market we are in now. ↩︎