The first time I saw this presentation (it was emailed to the administration head at my office), I screamed “WTF mate?” multiple times and in quick succession. Go through this presentation and give me one decent reason for why you would ever want to invest in this attractively packaged recipe for financial alchemy?
Slide #29 is a classic Warren Buffett trap. But if you’ve been following this blog, you already know that, if someone puts before you a financial offer that uses the words “you,” “Warren Buffett,” and “invest” in the same sentence, you should run away as fast as you can. And, you shouldn’t look back.
Awareness Fridays is an initiative to spread awareness on topics relevant to personal finance — every Friday. I urge you to take some time off and absorb this information — it’s pretty useful. And, as always, do spread the word if you find this useful.
Further reading:
- Awareness Fridays: Your Level of Financial Awareness Determines the Financial Deals You Get
- Awareness Fridays: Where Can You Go for Financial Counseling in India?
- Awareness Fridays: Easy Reading — Mitigating Spillovers and Contagion Lessons from the Global Financial Crisis
- Awareness Fridays: A Reader Success Story…All It Takes is a Little Bit of Research
- Awareness Fridays: Have You Heard of CIBIL?
{ 2 comments… read them below or add one }
lol!, “Warren Buffet Trap”, I don’t understand who would fall into such company Marketting traps… Who are these RGF targetted at?
It would be good if you can also indicate why this is a bad investment. I realize that the returns are awful but it would help novice readers to understand the why and how also.
nice blog. keep it up!