Dhirendra Kumar’s recommendation on the way to deal with market volatility: Do nothing

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Traders are likely to get nervous when markets begin witnessing excessive volatility. However Dhirendra Kumar, CEO of Worth Analysis, has a bit of recommendation. He says, traders who’ve a stable monetary plan in place ought to, as a substitute of panicking, “do nothing” about it.

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“Step one of investing is separating long-term and short-term investments. You shouldn’t do something about your long-term allocation, no matter it’s relying in your danger profile,” he advised Moneycontrol’s Himadri Buch on the sidelines of the Moneycontrol Wealth Creator Awards 2018.

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“However when you’ve got unintentionally come into market. If in case you have invested in [risky sector funds such as] pharma or expertise funds – chasing scorching returns is a few traders’ favorite pastime – then it’s essential to sit again and assessment your allocation,” he mentioned.

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