Indian high-net-worth investors looking to protect their wealth need to think far beyond this year's market swings, according to Rajeev Thakkar, Chief Investment Officer and Director at PPFAS Asset Management, who argued that most affluent investors remain significantly underexposed to global equities even after the recent rally in international markets.
Speaking at the ET Alpha Wealth Summit panel discussion on the topic 'Global or Local? The New Allocation Reality' , Thakkar made the case for a strategic, multi-generational approach to wealth preservation rather than a tactical, year-to-year one. He pointed to "Fortune's Children," the book chronicling how the Vanderbilt family, once among the richest in the world, lost their fortune within two generations, as a cautionary tale for families focused on building lasting wealth.
