True that asset building should be of paramount importance for everybody and nothing is more exhilarating than watching ur money grow. But can you substitute joys of giving even a simple gift to someone you love by putting aside that much in a bank account to be used later ? Is life all about money where the joys of receiving teddy bear or some nice fancy frock by your darling daughter has no meaning ? To see the laughter on the face of your daughter even for a second you can die thousand deaths. Who is saying that you spend a fortune on buying gifts? The value of gift has nothing to do with the amount of money spent on it. It is the effort and thought which goes into selecting a gift , is all that matters. Buy MF, shares et al but do not forget to gift yr. wife something on valentine day. It shows ur. love for her which cannot be substituted by anything in life.
Magnificient returns from the equity related instruments in last five years, aggreed,,,,but that is also coupled with the fact that sensex has risen from 3000 od level to almost 15000 that means five fold increase in the sensex itself.Now if you want that astronomical return in coming five years the sensex should rise to 70000 that is highly unlikely.what I see is falling the market for next five years in rising interest rate scenerio. And negative return in process. Please do not misguide. Regards
RE:Do not lure gullible investors please
by muraleedharan nishanth on Feb 13, 2007 01:25 PM
Dear friends,
Though your fears that the same returns will not repeat are definitely not unfounded, I guess the author has clearly mentioned in his article "While one should not expect of such sky-high returns one can at least give her/his best shot". Further, the point he is stressing is not about ways to obtain 134% yearly return on Mutual Funds, but that instead of spending hard earned money on 'short term-joy infusing' ways (like buying teddies, sarees etc), spend it on building an investment. Its clear from his line again "Now this also does not mean that anyone investing in the above will generate similar returns in the future. Definitely not, but what we are talking here is that some gifts when thoughtfully given can be lot more fruitful than others."
RE:Do not lure gullible investors please
by shikha dhar on Feb 13, 2007 12:29 PM
I totally agree with you . thanks for putting strong words across. as people don't even think what they r writing and how it will effect the investors.
RE:Do not lure gullible investors please
by Varun on Feb 13, 2007 12:43 PM
True said. These financial sites are marketing the returns of last 5 years in order to have the people interest maintained in Mutual funds. But the truth is that the story of last 5 years would never ever repeat itself. Can these companies even guarantee one-fouth the returns obtained in last 5 years in the coming 5 years??
