Remember the Slumdog Millionaire movie?
Well, they picked up a kid from the slums and made a movie based on the book by the same name. The kid from a slum was scrubbed, cleaned and fitted into a world of ‘clean bodies and unclean souls’.
So far fine.
Now this kid went from slum to 7* comfort. Then the shooting was over. Cut.
Back to the slum. Will he see 7* comfort again? doubtful. Hopefully yes. Maybe not.
Cut to the investment side of life. If you were a young MBA starting life in 2001, 02, 03, 04…or even 07, life was good, well almost great.
Salaries went up 30% every year. People whom you would not have taken as clerks quickly became Vee Pees.
Then came 2008. All assumptions vanished. The feel good portfolio of Rs. 23 lakhs shrunk to Rs. 14 lakhs. No longer could you buy in the morning and sell in the evening and earn Rs. 5000.
No longer could you see your SIP statement on a monthly basis and feel…’ha I invested Rs. 28000 it is worth Rs. 43,000′ – it looked more like 26000!
Now tell these people that:
2002-7 was a dream run, they hate you.
such a steep rise MAY not happen in your LIFE time, they think you have lost it.
forget 30%p.a. increase in salary, be happy with 30% OVER 5 years, they look like you are from Mars.
Jobs are being lost – they say I have 3 job offers on hand (God bless them)…
What to do?
Reconcile, the golden period may now be in the past, even if you are just 35 and have 20 WORKING years to go.
Sad but true.
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