Market losses got you worried? Here’s Achin Goel’s 4-point checklist before making a move – Profit & Loss – Two Sides of the Same Coin

Proper diversification can be your biggest ally in turbulent markets. “Is your portfolio properly diversified?” Goel prompts. He believes that appropriate asset allocation can cushion the blow during downturns. “You can definitely consider rebalancing your portfolio to bring it back in line with your target asset allocation,” he says, reinforcing that your strategy must always match your financial plan, not just the market conditions.

When in Doubt, Ask an Expert

Not everyone has the time or tools to conduct a deep-dive portfolio review. “If you don’t have so much time and resources to do the above exercise, you can definitely consult a financial expert or advisor,” Goel suggests.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)