At this time we are of the opinion that investing in crypt currencies is still risky. They have significantly crashed in value compared to where they were just few months back.
While block chain is a great technology, the immediate extrapolation, that investing in crypto currencies as a ‘store of value’ which can keep appreciating, is not a sound one. Since governments and central banks are not too sanguine or optimistic about them, and there are some chances of nefarious use, it is better to stay away from them, purely as an investment asset.
We continue to hold that the best vehicle to grow your wealth is prudent investment in equity markets, coupled with an advisory based asset allocation, fund selection and timely re-balancing.
The best advisors are not ‘commission collectors’ and are SEBI Registered, operating on a fiduciary basis. Do not get fooled by distributors posing as advisors.
