I 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! There will always be such people in India who keep saying nasty things about the share market. You really cannot do much – but the SIP avalanche is here to stay. The number of people buying ULIPs is also very high – that money also comes to the market – albeit a big portion could be going to debt instruments too.

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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