Investing:
Bank FD rates are down and can head lowr. Seeing Senior Citizens look at risky options for higher rates. Avoid such adventures.
You have the RBI Taxable Bonds 7.75%, The Senior Citizens Savings scheme and other small saving schemes. Make use of these and stay safe.
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Many adventures in the markets are anchored to ealrier prices of blue chips which have crashed. I keep getting requests for advice on whether " ABC equity was Rs X. Today it is 0.3 X. Looks good! Should I buy?
Avoid such misadventures based on anchoring. Study and invest!!
3/ After DeMo, millions of investors bought into equity funds as tho they were risk free. Then came a massive boom in mid and small caps and money went into these. These investors r stuck with almost 100% fin assets in equity.
Avoid such misadventures. Stick to asset allocation
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Now, investors are seeing past performance and several asking for gilf funds. None investded when yields were high.
Today, the 10 year is at 5.96% but past performance has been great - so queries r coming in.
Avoid such misadventures based on past performance.
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