9 smart money moves to improve your finances and make you richer in 2020

Both the economy and the financial markets were on shaky ground in 2019. Equity market was volatile, debt investors were a nervous lot and economic numbers did not instill confidence. As we bid farewell to 2019, here are nine strategies that can help improve your finances in 2020. Follow them to become richer in 2020. 1. Hike exposure to the mid-cap segment Experts believe the Nifty Next 50 stocks will lead the next leg of the rally on Dalal Street. If you look at frontline indices such as the Sensex and the Nifty, you get the feeling that the stock markets are doing exceptionally well. The 15% rise in the Sensex in the past one year, despite the economic woes, is truly remarkable. However, these indices have been pushed up by just 5-6 stocks while the broader market is still in the doldrums. The BSE Midcap and Smallcap indices have lost 4.13% and 8.65% respectively during the past one year. Since this kind of narrow rally can’t be sustained for long, experts are advising investors to shift a part of their portfolio from large caps to the next level. “Given the outperformance in the large-cap segment, it is time to… Read full this story

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