Despite knowing that equities can outperform all other asset classes in the long run, we do not invest all of our money in equities. There are three reasons for this.One: Equity is the most volatile asset class, and not all of us are comfortable with volatility. Two: It may be the best-performing asset class over the long term, but not all our goals are long-term. We do need money in the short term; some goals are perhaps three to five years away, and we definitely need some liquid cash for emergencies.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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