IF predictions of these investment pros and financial wizards are true then, as of today 90% of India's population will starve to death and denied medical facilities and a place to live - not to mention constant source of income.
Inflation is like stock market - fueled by prediction and speculation.
If any leaders comes to the fore and clamp down on the land mafia and real estate - which single handedly driving prices of commodities into stratosphere, such leader will rule India.
India is changing. Things like food security are being brought into the ambit of law. Some years from now, the govt hospitals and school system will improve. Things will be much better than today.
So do not STASH wads of cash for your kids in the name of properties and bank balances.
Give the best education / vocation you can give to your kid. Feed them well and take good care of them till they are 21/22.
After 21, your kid needs to fight his own battle. Dont perpetually feed them at home. He/She should be able to take care of him/herself in the world.
So , do not splurge. But have a good lifestyle and enjoy God's gift of life.
Don't get too carried away by these dime a dozen investment pundits.
The best investment is EDUCATION - Not SIPs and MFs and IPs
Re: FACT OF LIFE
by ANAND B on Sep 12, 2011 10:56 AM
LOL!
Parents and grand parents were able to get 12-13% in NSC and PPF and FD instruments and even the NSC/FD interest when added to income did not take them to the 30% tax bracket. Inflation was moderately lower than now in the previous generation so they were able to live as such!
Not that I am saying all financial products are great. However lack of financial planning will erode someone's wealth faster.
In a famous ad on TV, an insurance company shows how the husband is killed suddenly when his wife returns home ( and thus scare the sh^t out of people).
What will happen to your family after you ?
REMEDY : BUY OUR INSURANCE POLICY.
Honestly , what exactly is the relevance of FAMILY after one's death ?
