New Delhi, April 16 -- We frequently get the question: "Why focus on wealth preservation?" And it's a valid one.

An investment strategy that emphasizes preservation may appear modest and unambitious when equities are rising and people are feeling bullish. In such cases, it is important to remember how fleeting financial upturns and downturns are. Every market rise is followed by an eventual, unavoidable decline. Additionally, during a downturn, investors run the risk of overcompensating and responding too cautiously, even as the benefits of a preservation-first strategy suddenly become apparent.

Instead, by creating portfolios that protect and increase wealth for future generations, it is crucial to see beyond the market swings of today...