We
interviewed many savers to know about their knowledge
on their own future requirements and also about the
risk-reward matrix of the various saving and investment
instruments. The response received was pathetic because
most people didn’t have the knowledge of both,
their own future requirements and risk-reward
characteristics of the saving and investment options
available in the market.
Without the knowledge of one’s own future requirements
of funds, no one can plan perfectly and without plan
no one can utilize the present resources efficiently.
Further, without the proper knowledge of RISK-REWARD
characteristics of the saving options and their utility
in achieving life goals, no one can choose right investment
product.
FOUNDATION of your future rests on this core knowledge
only because any investment decisions you take today
will make your future BRIGHT or DARK. The habit of taking
investment decisions in full knowledge of this KNOWLEDGE
can only develop that ATTITUDE
that is required to convert an IDLE portfolio in to
IDEAL one.
Thus an IDEAL portfolio too comprises
of the same constituents as that of an IDLE but
with the difference that you select the product in full
knowledge of your various needs like CHIDREN’S
EDUCATION, MARRIAGES, RETIRMENET, and protection of
your family’s income in the event of your unfortunate
demise, as against the present practices where your
agent select them without knowing your needs.
IDLE portfolio leads
to shortage of funds whereas
IDEAL one to fulfillment
of life goals with comfort. Therefore one type
of portfolio leads to suffering and the other to happiness.
Choice
is yours; on which type of portfolio do you wish to
build your future - |
