(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Feedback can be sent to mailfpc@ yahoo.com)
Inflation and poor investing will double punch you very badly...
Let's for a moment imagine you are leaving Rs 1 lac in your bank savings a/c @ 3.5%. Let's also assume inflation to be @ 12% during the time.
After one year, taking inflation into account, what do you think will be the true value of the money?
- It will be exactly @ 1 lac.
- It will be more than 1 lac.
- It will be less than 1 lac.
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If your answer is the third option, then you can pat yourself for that....
Am sure you would be curious to know what would be the true value of 1 lac after a year......And it's nothing to cheer about......
Rs 1 lac = Rs 91,000
Now you would agree inflation and poor investing will be a deadly double punch........
(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Feedback can be sent to mailfpc@ yahoo.com)
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