I recently wrote a piece on ‘Make your own financial plan’ – this appeared on yahoo finance and some of you may have read it. What is amazing is the response that I have got for the same.

Largely saying the following:

– future is uncertain, SO DO NOT PLAN.

– equity markets are too risky, SO KEEP MONEY IN BANK FDs

– for long term requirement buy LIC JEEVAN ANAND.


– mutual funds and ulips are lousy, GAMBLING is an easy way of earning money.

– INFLATION will be high, SO DO NOT PLAN


To me this is a microcosm of India, and am happy with the results so far. When more and more people STAY AWAY from the equity markets, it becomes easier to handle LOWER EXPECTATIONS I guess. I expect only about 12% on my equity portfolio – that looks easy.

Am I sad when I see such people? No, never. To me such people will ensure that the good shares will constantly push the bad shares out of the sensex!

People who buy LIC policies of course are in the bigger bill – their contribution keeps the country running. We need LIC and its bhakts – otherwise supporting the equity market and the debt market will become difficult.

Should you keep all your money in cash – with uncertain markets? Sure if more people keep their money in debt markets or avoid equity or bullion markets, better for people who have invested in the capital markets!

Could go on and on…………..

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  1. Subra sir, markets in India and across the globe are being butchered now! Good idea to sip in niftybees? I have been buying some stocks seeing value, but till now have got a feeling am catching a falling knife!!

  2. Some times even the advisers are blind to see what is happening around them.

    I live in Tier-3 city and visited 10 such towns last 3 months. There is a vibrancy and people without any knowledge are investing in Gold and Real Estate. On the top of it, they are taking loans on Gold (without selling it) and doing the tremendous rotation or circulation of money. Most of them are doing extremely well.

    There is no doubt that trust on gold has reached so much that people are shunting equity and debt and pouring money into Gold. I do not fault them and but what bothers me is the attitude of the financial advisers who never ready to accept that gold is worth the investment.

    Why myths are for middle class alone even they are applicable to best financial advisers. Wake up guys to see the reality. Nokia refused to see the wave of smart phones and in the brink of perishing.

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