US Fed has hiked interest rates
Modi has won UP elections with a thumping majority
RBI is cautionary in tone with respect to inflation and rate cuts
With all these events, how do you see the markets unfold till 2019? How and where should I invest if I have a lump sum for the next 2 years?
FYI, I am regular investor and have investments in Direct equity and MF (large, mid, balanced).
This is a question from an investor.
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Dear Investor
Welcome to the second edition of Dhan Ki Baat. In the previous edition, I had written about ‘making money even when you are sleeping’.
It is a very tantalising idea and in times to come, we will explore it further.
In this second edition, I want to cover the other side and that is – ‘losing money even when you are sleeping‘.
Sounds scary. It actually is. Protecting your money from undue influence is equally important.
There are several entities out there to rob you of your money in a very sophisticated, legal way.
You deal with them on a day to day basis and in some cases trust them blindly.
The one at the forefront of this robbing act is your bank. Once you enter in bank’s official records, it is hard to come out and it is even harder to resist their advances.
It reminds of the famous Eagles song – Hotel California.
The famous line from the song – “You can check-in any time of the year, but you can never leave.”
The song is one of my favourites but for different reasons.
Now, let me recount a brief story to you.
Welcome to the first edition of Dhan ki baat!
You might wonder if this is a pick on the other Mann ki baat. To tell you frankly, it is.
You know I write mainly about personal finance and investments, Dhan ki baat is the only thing I can do best.
It is said that to acquire genius and expertise, you need to work hard on the basics till they become second nature to you. That’s also called laying the foundation. I guess same is true for investing as well.
Let’s cover something fundamental today. You might have read about it before or heard from someone. It is still a good reminder.