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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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