India’s gross domestic product (GDP) continued its downward spiral and reached 4.5% in the second (July-September) quarter of financial year 2019-2020. Ashish Shanker, Head, investment advisory, Motilal Oswal Private Wealth ManagementReview your portfolio, look for investment opportunitiesThe tenets of long-term investing based on time horizon, asset allocation, and financial goal orientation should not change during times of slowdown. During a downturn, it is prudent to periodically review the health of your portfolio and, wherever possible, look for investment opportunities to meet long-term wealth creation goals. Usually, in a slowdown, people tend to curtail expenses and during a financial boom, they tend to overspend. Equity investors should do comprehensive research on their stocks and choose one that will give long-term appreciation.

Source: Mint December 30, 2019 01:30 UTC