{"id":2058,"date":"2018-10-17T06:12:55","date_gmt":"2018-10-17T06:12:55","guid":{"rendered":"http:\/\/blog.kuvera.in\/?p=2058"},"modified":"2018-10-19T02:08:53","modified_gmt":"2018-10-19T02:08:53","slug":"how-to-manage-expectations-for-higher-returns","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/how-to-manage-expectations-for-higher-returns\/","title":{"rendered":"How to Manage Expectations For Higher Returns?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d48a7b935b5\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d48a7b935b5\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/how-to-manage-expectations-for-higher-returns\/#1_Most_investors_agree_on_expected_returns\" title=\"1\/ Most investors agree on expected returns:\">1\/ Most investors agree on expected returns:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/how-to-manage-expectations-for-higher-returns\/#2_We_extrapolate_based_on_the_past\" title=\"2\/ We extrapolate based on the past:\">2\/ We extrapolate based on the past:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/how-to-manage-expectations-for-higher-returns\/#3_We_invest_based_on_our_expectations\" title=\"3\/ We invest based on our expectations.\">3\/ We invest based on our expectations.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/how-to-manage-expectations-for-higher-returns\/#So_what_should_we_do\" title=\"So what should we do?\">So what should we do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/how-to-manage-expectations-for-higher-returns\/#But_does_this_apply_to_the_Indian_stock_market\" title=\"But does this apply to the Indian stock market?\">But does this apply to the Indian stock market?<\/a><\/li><\/ul><\/nav><\/div>\n<p><strong><img loading=\"lazy\" class=\"alignleft wp-image-2059\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2018\/10\/Apurv-pic-150x150.jpg\" alt=\"\" width=\"100\" height=\"94\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/Apurv-pic-300x281.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/Apurv-pic.jpg 480w\" sizes=\"(max-width: 100px) 100vw, 100px\" \/><\/strong><\/p>\n<p><strong><em>About the author:<\/em><\/strong><em> Apurv Jain is a visiting researcher at Harvard Business School where he is working on using alternate data sources (Big Data) and artificial intelligence (AI) for investing. He is also an advisor to Kuvera senior management.<\/em><\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><strong>To do nothing at all is the most difficult thing in the world, the most difficult and the most intellectual.<\/strong><\/p><\/blockquote>\n<p>When Oscar Wilde said that he was not referring to investing, but it applies equally well to investing, especially in volatile periods.<\/p>\n<p>With various stock indices down (NIFTY down ~11%, NIFTY SmallCap down ~30%) and the accompanying news cycle of gloom and doom, there is a natural tendency to &#8220;want to do <em>something<\/em>&#8220;- which usually means giving into fear and selling available investments or to greed and buying more.<\/p>\n<p>However, academic and practitioner research reveals two major things &#8211;<\/p>\n<p>1\/ \u00a0Transacting less is better for your financial health<\/p>\n<p>2\/\u00a0 Investors extrapolate past returns into the future and buy into funds that have &#8220;worked&#8221; and sell out of funds that have &#8220;not worked.&#8221;<\/p>\n<p>Based on a research paper titled \u201cExpectations of Returns and Expected Returns\u201d, by Prof Shleifer and Prof Greenwood, both at Harvard University, we come to three conclusions on investor behaviour and how past returns of funds and indices affect investors decision making.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"1_Most_investors_agree_on_expected_returns\"><\/span><strong>1\/ Most investors agree on expected returns:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>It doesn\u2019t matter how you look at the investing population, we all tend to come to similar conclusions on expected returns. For example, one would think that CFO\u2019s of corporations would have a better idea on future returns (as a proxy of real economy) than average investors. The reality could not be more different. Most investor surveys show similar expectations regardless of the population being surveyed<strong>.<\/strong><\/p>\n<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-2061\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2018\/10\/CFOVsGallup.png\" alt=\"\" width=\"893\" height=\"739\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/CFOVsGallup.png 893w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/CFOVsGallup-300x248.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/CFOVsGallup-768x636.png 768w\" sizes=\"(max-width: 893px) 100vw, 893px\" \/><\/p>\n<p><em>Figure 1: Most investor surveys show similar expectations regardless of the population being surveyed. Source: Greenwood and Shleifer (2014)<\/em><\/p>\n<h5><span class=\"ez-toc-section\" id=\"2_We_extrapolate_based_on_the_past\"><\/span><strong>2\/ We extrapolate based on the past<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>The measures of investor expectations are positively related with past stock market returns as well as with the level of the stock market. If the past 3-5 years returns are high, we all naively expect the next 3-5 year returns to be high as well. No wonder more retail investment accounts are opened at the last stages of a market rally when the past 3-5 year returns look really good, then at the beginning.<\/p>\n<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-2062\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2018\/10\/Lagged12VsGallup.png\" alt=\"\" width=\"754\" height=\"510\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/Lagged12VsGallup.png 754w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/Lagged12VsGallup-300x203.png 300w\" sizes=\"(max-width: 754px) 100vw, 754px\" \/><\/p>\n<p><em>Figure 2: Investors extrapolate based on the past to form return expectations. Source Greenwood and Shleifer (2014).<\/em><\/p>\n<h5><span class=\"ez-toc-section\" id=\"3_We_invest_based_on_our_expectations\"><\/span><strong>3\/ We invest based on our expectations<\/strong>.<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Funds flow into equity mutual funds is highly correlated to investor expectations. Thus weak recent past performance will lead to negative expectations for future returns and the withdrawing of money from the funds. And strong recent past returns will lead to positive expectations of future returns and thus more buying into funds that did well.<\/p>\n<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-2063\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2018\/10\/FundFlowsVsGallup.png\" alt=\"\" width=\"823\" height=\"692\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/FundFlowsVsGallup.png 823w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/FundFlowsVsGallup-300x252.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/FundFlowsVsGallup-768x646.png 768w\" sizes=\"(max-width: 823px) 100vw, 823px\" \/><\/p>\n<p><em>Figure 3: Investors act based on their return expectations in form of putting or withdrawing money from equity mutual funds. Source Greenwood and Shleifer (2014).<\/em><\/p>\n<p>This would all still be fine if the resulting investments worked out. However, as this chart from J.P. Morgan shows that average investors are quite bad at guessing the direction of returns. So when we expect higher returns (and have invested based on that belief) the actual returns tend to be low and when we have withdrawn money based on our low sentiment and we expect low future returns, the returns tend to be higher. This is also consistent with the negative correlation between the actual returns and the expectations of those returns formed by Greenwood and Shleifer.<\/p>\n<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-2064\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2018\/10\/SentimentVsReturn.jpg\" alt=\"\" width=\"1472\" height=\"1031\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/SentimentVsReturn.jpg 1472w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/SentimentVsReturn-300x210.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/SentimentVsReturn-768x538.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/SentimentVsReturn-1024x717.jpg 1024w\" sizes=\"(max-width: 1472px) 100vw, 1472px\" \/><\/p>\n<p><em>Figure 4: Investor expectations and future performance tend to be negatively related! Source: JP Morgan Asset Management, Guide to the Markets 1Q 2017.<\/em><\/p>\n<h5><span class=\"ez-toc-section\" id=\"So_what_should_we_do\"><\/span><strong>So what should we do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>1\/ \u00a0Be sceptical of a group of investors that claim to know better \u2013 on Twitter, on TV or anywhere else. Market timing is not easy and most of us have similar behavioural biases.<\/p>\n<p>2\/ Understand that being reactive and chasing returns tends to hurt more than it helps. So do not blindly extrapolate: Always remember &#8220;Past performance is no guarantee of future results.\u201d<\/p>\n<p>3\/ Use discipline to lower the impact of sentiment on investing. What makes SIP such a powerful tool of investing is that it matches your salary income to your investing schedule and enforces that discipline. It also reduces the cognitive strain of deciding when to invest and when to withdraw.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"But_does_this_apply_to_the_Indian_stock_market\"><\/span><strong>But does this apply to the Indian stock market?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Astute readers will point out that the studies cited were not conducted on the Indian markets and question the validity of applying them here. We agree with these readers and would respond that while we do not know if the Indian markets will behave exactly the same, but human investing behaviour is more likely to at least rhyme if not repeat itself. We would also point to several academic studies that find market behaviour across the world to be more <em>similar<\/em> than dissimilar. One such study is &#8220;Value and Momentum Everywhere&#8221; (Asness et al. , 2013) that finds that the same investing strategies or factors such as value and momentum that were initially tested in the United States on individual stocks have similar performance across multiple asset classes such as equities, bonds, currencies and commodity futures,\u00a0 and across countries such as the United Kingdom, continental Europe, and Japan.<\/p>\n<p>We will explore more behavioural biases in upcoming posts and why the returns generated by the average investors may not be close to the index returns &#8211; in part due to our impulse to time re-actively.<\/p>\n<p>So practice doing this very important and difficult thing &#8211; manage your expectations and do nothing.<\/p>\n<p><strong>References<\/strong><\/p>\n<ol>\n<li>Greenwood, Robin, and Andrei Shleifer. 2014. \u201c<a href=\"https:\/\/scholar.harvard.edu\/shleifer\/publications\/expectations-returns-and-expected-returns\">Expectations of Returns and Expected Returns<\/a>.\u201d Review of Financial Studies 27 (3): 714-746.<\/li>\n<li><a href=\"http:\/\/ https:\/\/am.jpmorgan.com\/blob-gim\/1383280028969\/83456\/jp-littlebook.pdf\">JP Morgan Asset Management, Guide to the Markets 1Q 2017.<\/a><\/li>\n<li>Asness, Clifford S., Tobias J. Moskowitz, and Lasse Heje Pedersen. &#8220;Value and Momentum Everywhere.&#8221; The Journal of Finance Vol. 68, No. 3 (June 2013), pp. 929-985<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit <a href=\"https:\/\/www.kuvera.in\"><strong>kuvera.in<\/strong><\/a> to discover <a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and <a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai, #KuveraSabseSahiHai!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About the author: Apurv Jain is a visiting researcher at Harvard Business School where he is working on using alternate data sources (Big Data) and artificial intelligence (AI) for investing. He is also an advisor to Kuvera senior management. &nbsp; To do nothing at all is the most difficult thing in the world, the most [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/how-to-manage-expectations-for-higher-returns\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":7,"featured_media":2072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[91],"tags":[90,93,96],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Manage Expectations For Higher Returns? - Kuvera<\/title>\n<meta name=\"description\" content=\"Investor behavior and past returns of funds and indices affect our decision making. Find out how we can manage our expectations for higher returns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cnbctv18.com\/economy\/want-to-do-something-to-your-portfolio-in-these-falling-markets-heres-why-transacting-less-is-better-for-your-financial-health-1117861.htm\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Manage Expectations For Higher Returns? - Kuvera\" \/>\n<meta property=\"og:description\" content=\"Investor behavior and past returns of funds and indices affect our decision making. Find out how we can manage our expectations for higher returns.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cnbctv18.com\/economy\/want-to-do-something-to-your-portfolio-in-these-falling-markets-heres-why-transacting-less-is-better-for-your-financial-health-1117861.htm\" \/>\n<meta property=\"og:site_name\" content=\"Kuvera\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kuvera.in\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-17T06:12:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-19T02:08:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/Capture-13.png\" \/>\n\t<meta property=\"og:image:width\" content=\"723\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Guest Blogger\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:site\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Guest Blogger\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to Manage Expectations For Higher Returns? - Kuvera","description":"Investor behavior and past returns of funds and indices affect our decision making. Find out how we can manage our expectations for higher returns.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cnbctv18.com\/economy\/want-to-do-something-to-your-portfolio-in-these-falling-markets-heres-why-transacting-less-is-better-for-your-financial-health-1117861.htm","og_locale":"en_US","og_type":"article","og_title":"How to Manage Expectations For Higher Returns? - Kuvera","og_description":"Investor behavior and past returns of funds and indices affect our decision making. Find out how we can manage our expectations for higher returns.","og_url":"https:\/\/www.cnbctv18.com\/economy\/want-to-do-something-to-your-portfolio-in-these-falling-markets-heres-why-transacting-less-is-better-for-your-financial-health-1117861.htm","og_site_name":"Kuvera","article_publisher":"https:\/\/www.facebook.com\/kuvera.in","article_published_time":"2018-10-17T06:12:55+00:00","article_modified_time":"2018-10-19T02:08:53+00:00","og_image":[{"width":723,"height":375,"url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/10\/Capture-13.png","type":"image\/png"}],"author":"Guest Blogger","twitter_card":"summary_large_image","twitter_creator":"@Kuvera_In","twitter_site":"@Kuvera_In","twitter_misc":{"Written by":"Guest Blogger","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cnbctv18.com\/economy\/want-to-do-something-to-your-portfolio-in-these-falling-markets-heres-why-transacting-less-is-better-for-your-financial-health-1117861.htm#article","isPartOf":{"@id":"https:\/\/kuvera.in\/blog\/how-to-manage-expectations-for-higher-returns\/"},"author":{"name":"Guest Blogger","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/3b7368367bae36c89b81169ff2e15f65"},"headline":"How to Manage Expectations For Higher Returns?","datePublished":"2018-10-17T06:12:55+00:00","dateModified":"2018-10-19T02:08:53+00:00","mainEntityOfPage":{"@id":"https:\/\/kuvera.in\/blog\/how-to-manage-expectations-for-higher-returns\/"},"wordCount":1007,"commentCount":0,"publisher":{"@id":"https:\/\/kuvera.in\/blog\/#organization"},"keywords":["Investing discipline","Investment Advisor","Personal Finance"],"articleSection":["Investment Advisor"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.cnbctv18.com\/economy\/want-to-do-something-to-your-portfolio-in-these-falling-markets-heres-why-transacting-less-is-better-for-your-financial-health-1117861.htm#respond"]}]},{"@type":"WebPage","@id":"https:\/\/kuvera.in\/blog\/how-to-manage-expectations-for-higher-returns\/","url":"https:\/\/www.cnbctv18.com\/economy\/want-to-do-something-to-your-portfolio-in-these-falling-markets-heres-why-transacting-less-is-better-for-your-financial-health-1117861.htm","name":"How to Manage Expectations For Higher Returns? - Kuvera","isPartOf":{"@id":"https:\/\/kuvera.in\/blog\/#website"},"datePublished":"2018-10-17T06:12:55+00:00","dateModified":"2018-10-19T02:08:53+00:00","description":"Investor behavior and past returns of funds and indices affect our decision making. Find out how we can manage our expectations for higher returns.","breadcrumb":{"@id":"https:\/\/www.cnbctv18.com\/economy\/want-to-do-something-to-your-portfolio-in-these-falling-markets-heres-why-transacting-less-is-better-for-your-financial-health-1117861.htm#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cnbctv18.com\/economy\/want-to-do-something-to-your-portfolio-in-these-falling-markets-heres-why-transacting-less-is-better-for-your-financial-health-1117861.htm"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.cnbctv18.com\/economy\/want-to-do-something-to-your-portfolio-in-these-falling-markets-heres-why-transacting-less-is-better-for-your-financial-health-1117861.htm#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kuvera.in\/blog\/"},{"@type":"ListItem","position":2,"name":"How to Manage Expectations For Higher Returns?"}]},{"@type":"WebSite","@id":"https:\/\/kuvera.in\/blog\/#website","url":"https:\/\/kuvera.in\/blog\/","name":"Kuvera","description":"Wealth Management, Simplified","publisher":{"@id":"https:\/\/kuvera.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kuvera.in\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/kuvera.in\/blog\/#organization","name":"Kuvera","url":"https:\/\/kuvera.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/cropped-cropped-kuvera-logo-dark-3.png","contentUrl":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/cropped-cropped-kuvera-logo-dark-3.png","width":83,"height":13,"caption":"Kuvera"},"image":{"@id":"https:\/\/kuvera.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/kuvera.in","https:\/\/twitter.com\/Kuvera_In","https:\/\/www.instagram.com\/kuvera.in","https:\/\/www.linkedin.com\/company-beta\/10456535\/"]},{"@type":"Person","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/3b7368367bae36c89b81169ff2e15f65","name":"Guest Blogger","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/image\/","url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/guest-author-150x150.png","contentUrl":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/guest-author-150x150.png","caption":"Guest Blogger"},"description":"At Kuvera, we invite the best industry experts, personal finance bloggers and thinkers to share their views with our investors. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official stand of Kuvera.","url":"https:\/\/kuvera.in\/blog\/author\/guest-blogger\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/2058"}],"collection":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/comments?post=2058"}],"version-history":[{"count":8,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/2058\/revisions"}],"predecessor-version":[{"id":2071,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/2058\/revisions\/2071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media\/2072"}],"wp:attachment":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media?parent=2058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/categories?post=2058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/tags?post=2058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}