Ditch the Get-Rich-Quick Mentality: Focus on Long-Term Wealth Creation

Investors are being tempted by strong recent returns in gold and crypto, but experts warn against chasing short-term gains. Instead, they recommend focusing on disciplined asset allocation to achieve long-term wealth creation. Kshitiz Mahajan, CEO of Complete Circle, suggests keeping gold at around 5-7% of liquid assets, citing its role as a hedge against market volatility.

Equity markets have underperformed for an extended period, but equities and real estate remain better suited for long-term wealth creation, according to Mahajan. He notes that crypto comes with high volatility and taxation concerns, making it less attractive to investors seeking steady returns.

The key message is to keep investments simple and diversified across equity, fixed income, and gold. Managed funds are also recommended unless investors have the expertise and time to manage individual stocks.