In _tough times_, we focus specifically on the *possible bad* line items in a portfolio…..(a product / asset / scheme’s performance)
In _good times_, we focus specifically all the *possible good* line times in the portfolio…..(a product / asset / scheme’s performance)
In bad times, we shouldn’t calculate the absolute amount of INR lost
In good times, we shouldn’t calculate the absolute amount of INR gained
_Both are notional figures…..until we’ve actually realised the loss or gain, by selling_
Yes…..we need to keep a track & keep reviewing on the specifics.
But…..the golden rule is
In _good or bad times_, we should focus only on the *Overall Portfolio Returns Vs the Asset Allocation we’ve chosen*
_We cant keep changing the way of evaluating a portfolio performance based on systemic & unsystemic variables which keep cropping up_