In a world brimming with complex financial advice, cutting through the noise to find truly actionable strategies can be a challenge. Davina Mehra, the visionary founder and MD of First Global, offers a refreshing, holistic roadmap to building lasting wealth. Her expert insights distill decades of experience into principles that empower you to transform your financial journey.
Here are 7 key bullet points summarizing Davina Mehra’s insights on wealth creation:
- Asset Allocation is Paramount: It accounts for ~85% of investment returns; understand all current assets and liabilities before strategic allocation.
- Start Early & Be Sensible: Leverage compounding by beginning early, and avoid speculative “get-rich-quick” schemes or extreme risk.
- Investing is a “Loser’s Game”: Prioritize capital preservation and be disciplined in cutting losses on underperforming investments.
- Evaluate DIY vs. Professional: Objectively compare your investment performance; consider professional management if you consistently underperform.
- Embrace Global Diversification: Allocate 30-40% of your portfolio globally to hedge against local currency depreciation and access diverse growth.
- Manage Gold Judiciously: Include existing gold holdings, but ensure it doesn’t become an overly dominant, volatile part of your overall portfolio.
- Conquer Behavioral Biases: Avoid chasing high-risk strategies, embrace “boring” but sensible investing, and manage psychological traps like loss aversion.
Source: CNBC TV18
