I knew about this thing called Mutual Funds that existed all along, but I didn't know what exactly what it was. My friend introduced me to it and I have to say that it did impress me quite a bit. By collecting and managing the funds of a large number of people and investing the funds in the growing Indian stock market, they provide very good returns on your money. Although, you are never assured of the returns, assuming that you do some research and invest in the top performing fund houses, you can more than triple your money invested in about three years time. But it of course entails having to put away your money for three years time.
And what happens when you get the money three years later? The temptation is very great to invest this money once again and triple that three years from then. And you are caught in the vicious cycle of making more money and seeing it multiply forever. While it is prudent to save for the rainy day, don't make it a habit of going like a rabid dog with your salivating tongue hanging down behind the green stuff.
And for those of you with a little bit of patriotism left in you, remember that India will prosper as an economy only when the purchasing power of its citizens increases or if we buy more with our money. So don't just grow a money plant in your compound, enjoy its fruits too before the plant finally withers and dies.
And what happens when you get the money three years later? The temptation is very great to invest this money once again and triple that three years from then. And you are caught in the vicious cycle of making more money and seeing it multiply forever. While it is prudent to save for the rainy day, don't make it a habit of going like a rabid dog with your salivating tongue hanging down behind the green stuff.
And for those of you with a little bit of patriotism left in you, remember that India will prosper as an economy only when the purchasing power of its citizens increases or if we buy more with our money. So don't just grow a money plant in your compound, enjoy its fruits too before the plant finally withers and dies.
3 comments:
Deep?
Hmmm..
oye... Behen Chod..... Write something man.... I'm trying to call you but your phone seems fucked.... anyways... write something... I visit your blog from office and from the past 2 weeks all i see is the GREEN STUFF......
mutual fund is a good thing man...
if you are into investing, then you'll realise that it saves you a lot of time and on an average you are likely to make more money in mutual funds.
think about it this way..it provides employment, so you are helping the country in a way.
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