Financial planning: How core-and-satellite approach to equity investing can help retail investors

Picture this: An individual in his mid-50s, with over a decade’s experience dabbling in shares, has barely a 5 percent allocation to equity in his total portfolio. He never created serious long-term wealth in the stock market, despite the secular bull run. Another investor has a highly concentrated stocks portfolio, comprising 95 percent equity allocation of total investments. He prefers does not prefer to invest via mutual funds and has very little allocation to fixed income instruments.

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