Thanks for visiting Capital Advisor. I frequently update this blog to cover various topics on personal finance such as investment strategies, financial products that you should buy and ones that you really should stay away from, financial calculators, emerging themes such as early retirement and financial independence, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.
You get a truckload of expert, but totally lame, advice. For example: This Diwali, invest in equity without risk (a must read).
To summarize: I start with INR 500,000. At the end of three years I still have … surprise … INR 500,000. In between, I speculated (actually, gambled) INR 88,000 by dumping it in a mutual fund, believing that the past is “the indicator” for the future. If the mutual fund turns out to be a genuine circus monkey, so what? Remember, I just made 0% on INR 500,000 in three complete years! Yay! Just look at my financial wisdom.
But here’s what I would do: If I had INR 500,000 today, I would straightaway put it in a five-year fixed deposit and earn 9.50% interest (as on today). At the end of five years, I’d approximately have INR 787,000.
It’s a classic case of “Yaardo Duddu Yellammana Jaatre.”
What do you think?
Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.