 तो तो आने दुः किस्तिक्नारी सेड्छन लेए। मैंसे लग, मैं सेड्छन घें, मैं सेड्छन देखायी वो लग लेए। ख़ैग सेड्छन वो लेए। वेल्त क्यचाः था आजी किस्तिका, आप पूँडी सेड्छन केंचाग धऎते रही अते। अपनी wealth को किस्स्टना से invest करते है उस पतिकलःर प्रॐस्ञ को उस पतिकलःर चीस को हम as a process explain करने जार है तो जब आप के पास multiple ्तरान की wealth होती क्या है it can be a combination ज़ूई काम करते है दोनू का क्लीटिकेशन सें मैं, तोनो की उमर सें मैं, तोनो का जेंडर बी सें मैं, लेकिन जो लोने पुट्फोल्यो सेलेक्त के आपने लिए वो फरक हैं. तो, it is not necessary that if you have certain similar characteristics, you go for the same portfolio. ठो आपने पटह मी देखिडा लगे भाई में को बोज्छया मी अभरनी पूम結果 still As I said, we cannot have a single portfolio for all type of individuals. It will vary even if a number of characteristics among two different human beings are the same. There could be a possibility that the portfolio they have selected for themselves will not be the same. Now, we need to understand that it is always better. There are certain things which are to be considered. That your portfolio is a better portfolio. So, the most important thing in that is diversification. When you make a portfolio to define your wealth, that which heads are going to go, you should include the principle of diversification in it, follow it because that can help you in reducing your exposure to different types of risks. Now, there are important determinants of personal portfolio selection and these determinants include the life cycle. That means that you are sitting at your life cycle position, you have retired, you are close to retirement, you have just started your job, you are a young student, you are a recent graduate, you are a recently married individual, so, you are sitting at the point of your life cycle, that is an important determinant for your personal portfolio selection. Another important thing is the time horizon. Time horizon means that when you are selecting a portfolio, you are taking different decisions that you want to invest in this thing, you want to keep so much money with you, so, the duration of the plan you are planning is, you are planning for 6 months, for 1 year, for 5 years, for the next 20 years, for example, you said that you have joined your organization today, you are 25 years old and I retired after 60 years, that is, when I retire after 60 years, what will I do after 60 years? For that, you have started saving money or investing in this thing, so, your horizon, if you are 25 years old at this stage, so, you are planning for the next 60 years of your time period, so, your horizon is getting very long, but if someone says that after 2 years, I want to buy a car, and I want to save as much money as I can, and I want to earn as much money as I can by doing an extra job, so, the time horizon of such a case, that is 2 years, that is, in 2 years, I want to save a certain amount of money, so, it will also vary from person to person, that your time horizon is short or long, 20 years or 30 years or depending upon your situation, another third important determinant of portfolio selection is the level of risk tolerance, so, the risk tolerance of all people, that is, how much they can bear the loss, if they cannot bear it, then you can differentiate people on the level of risk tolerance, you can make a difference, and this is an important factor, which is helpful in portfolio selection, or it has an important determinant, another very important determinant is the role of a professional asset manager, that if you go to any professional asset manager, to take consultancy, how successful he becomes, you feel that he has a safe and sound portfolio, he can convince you, he can strongly convince you, or it becomes so useless, that you are successful in taking investment opportunities in certain types of investment, what is the role of your portfolio in defining it, so, that is another important thing, for example, I am going to quote an example here, I had some money to invest, so, I went to a bank, and I told its manager that I have this money, you tell me what should I do with it, so, I was trying to invest money in one type of investment, he told me that, I will give you this advice, that you should distribute this money, and put it at a high risk, where you will get a return high, but there it can be a loss, there is more possibility of losses, so, what should you do, you should be on the safer side, in the total amount of these two parts, you should invest in low-risk, low-return opportunities, and put half of the money at a high risk, so, the high-risk investment opportunity, from there, I saw, from here, I am getting a lot of benefits, and the loss, the low-risk opportunity, from there, I saw that I am getting a lot of losses, so, eventually, what did I do, I took out some money from there and put it in this, so, this is how you can plan, and you can get influenced by the advisor, or professional asset manager, who you are going to seek advice for asset management, they will influence you, how they will influence you, or they cannot do it, so, this is an important determinant, of your portfolio selection.