It's difficult to predict wha🎃t the markets will be like 🐻in 2009, but giventhe realities of the global recession and a slowdown in the market, it would besafe to say it will be bearish and volatile.
Corporate India is definitely already showing signs of a slowdown. Costcutting and conservatism has already become a priori𓆏ty. At the same time, mostcorporate honchos are anticipating that things will turn arou🐼nd from the secondquarter onwards.
The mantra for the year, regardless of your risk profile has to be acontingency fund. Large enough to tide you over for at least three months.Something that will smooth the rough spots in case of a ꦚpay cut, increment lossor wors🌳e still, a job loss.
The other thing financial planners are advising is to ensure that you haveadequa♒te personal health cಌoverage and aren't solely dependent on your companyproviding it for you.
Mos༺t financial planners will advise against major changes in asset allocationstrategy since investment should be long teꦑrm.
At the same time, with the market going down, financial planners say this is🀅a good time to increase equity to bring the value back in line with your plan🌠nedasset allocation. And pay off any pending loans you might have while the goingis still good.
