Rein in your exuberance as you step into 2018

Mid- and small-caps, balanced funds and IPOs were winning themes of 2017. Be watchful about all three in the coming year

As 2017 draws to a close, investors need to review their personal finances. What worked in 2017 will not necessarily work in 2018, which is why it is futile to bet only on yesterday’s winners. Investors need to position their personal finances in a manner that will enable them to gain from developments in the future. 

Book profits in the mid- and small-cap space: Mid- and small-cap funds’ strong performance streak continued in 2017 (category average return: 47.19 per cent year-to-date). As valuations of growth stocks shot up, investors turned to value picks. “Growth at reasonable price (GARP) approach, where