Tweets on 2008-03-05

by Vinaya HS on March 5, 2008

in Finance

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Equity is the panacea for all problems.

We estimate the future cost of your daughters’ marriage in 15 years time to be Rs 96 lacs. Hence you need to start saving/investing now by handing over your money to a gamut of equity mutual funds.

This is a gist of the advice given by a popular personal finance magazine to one guy (with two daughters) while analyzing his financial state. Seriously. The same article also advised the guy to close his PPF account in order to send his parents on a pilgrimage. The estimated savings/investments per month to reach his goals were way beyond his monthly take-home income.

Poor guy. All he wanted was some good advise.

Note: I am republishing this post to test my blog’s sanity.




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{ 2 comments… read them below or add one }

Vinaya HS March 5, 2008 at 4:15 PM

A brief comment to test my blog’s sanity.

Anoop March 5, 2008 at 7:32 PM

Again, Marketing strategies lah!!, Finance companies come up with some stupid policy & there is none to implement it on other than common man(R.K.Laxman), educated people won’t fall into such traps, but really the one whom u have mentioned & is under pressure to complete his daughter’s marriage is the one who falls into this trap.
Remember I once said, Free cheese is always available in every mouse trap..

We would’nt know if we dont really analyze it properly, untill shet starts hitting us in life, it would be too late to realize that these equity’s are nothing but liability in the long run.

Ohh!! ur previous post comments said it was closed..So I cudn’t post it properly..

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