Thread by @BloombergQuint

There is a running MF joke that even ‘Thank You’ slides of marketing decks come with: “past performance is not indicative of future results”.

Yet, there is no better advertisement for any asset class than recent past performance.

@Swa_Kel in #BQOpinion bit.ly/3CQS62m

@Swa_Kel It was difficult to drum up any sort of interest for #Bitcoin during its languishing years.

But with recent spectacular returns, interest has now exploded.

Read @Swa_Kel in #BQOpinion: bit.ly/3CQS62m

@Swa_Kel The reason perhaps is that our minds are primed to extrapolate, writes @Swa_Kel.

Read his #BQOpinion column: bit.ly/3CQS62m

@Swa_Kel But in real life, little else apart from an FD return is a straight line.

Think about how equity markets moved during any year, writes @Swa_Kel in #BQOpinion.

bit.ly/3rmYjRN

@Swa_Kel Such volatility causes investors to allocate their portfolios on a short-term, tactical basis, writes Swanand Kelkar (@Swa_Kel).

Read more in #BQOpinion.
bit.ly/3CQS62m

@Swa_Kel Very few people take a strategic approach to investing and their overall asset allocation looks like an unplanned outcome of these short-term decisions.”

Read @Swa_Kel in #BQOpinion: bit.ly/3CQS62m

@Swa_Kel For the median investor in India, there are four major asset classes to invest in.

Among those, the prize for the annual best-performing asset as also the wooden spoon has frequently changed hands, writes @Swa_Kel in #BQOpinion.
bit.ly/3CKXlkc

@Swa_Kel To test the asset allocation hypothesis, two portfolios were created.

Read @Swa_Kel in #BQOpinion: bit.ly/3CKXlkc