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Further, Srivastava recommended avoiding consumer durables. With interest rate hikes, he believes, real estate demand will fall.
Notes from Srivastava’s interview on outlook for 2023:
- No one needs to be stock specific for I.T
- Suggests staying away from buying equities
- Irrational exuberance in India equities investor is high
- Best return could come from PF investments
- Only long-term bet in equities is commodities; growth cannot come till we use basic commodities
- Commodity companies enjoying monopolies
- Should churn portfolios every six month; adding commodity play on every correction
- Continue to avoid consumer durables
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