I am a senior citizen getting decent monthly pension and have invested 5 lacs each in Canara robecco hybrid growth,HDFC balanced advantage growth, ICICI equity and debt growth, DSP equity and bond fund growth, Invested in 2020. Can I continue these
Ans: Your investment choices demonstrate a thoughtful approach to balancing growth and stability, especially given your status as a senior citizen. It's akin to a well-crafted recipe, where each ingredient plays a crucial role in achieving the desired taste and texture.
Diversification across asset classes, like equities and debt, is a prudent strategy, much like planting a variety of crops in a farm to hedge against any single crop failure. This way, you're not overly reliant on one source for returns, which can provide a more consistent performance over time.
However, as with any investment journey, it's crucial to periodically assess your portfolio's health. Market conditions evolve, and what served well yesterday may not be the best fit tomorrow. A regular check-up, perhaps annually, can help ensure your investments align with your evolving needs and market dynamics.
Lastly, your commitment to financial prudence and planning is commendable. With continued vigilance and occasional recalibrations, you're well-positioned to enjoy the fruits of your financial foresight.