Getting wrong investment advice? Find out how you can avoid it

[Nacchinarkiniyan]

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You are often taken for a ride by the so called Investment Advisors. They may be brokers or more often employees of Reputed foreign/Indian banks.

This article details how wrong investment is given and how to avoid the pitfalls.


Getting wrong investment advice? Find out how you can avoid it - The Economic Times

 

[tbs]

hi nachi sir,
generally follow psu banks investments...atleast safe return of the capital...every day some news abt chit companies...these

are highest risky investments......normal govt investments are safe..........even in NAVARATNA psu's are very safe.....these

mutual funds/other stock investments are like gambling....winning is not sure....but loosing is guranteed....

 

[biswa]

TBS sir,

You are already giving investment advice. I dont know whether right or wrong.

 

[krish44]

what matters is overall profile having a mix of savings and investment instruments
1. savings account ,ppf and govt bank FDs of govt banks upto 70 percent
2. investment in real estate and blue chip index stocks with a mix of FMCG,IT,pharma,bank private sector spread over with not more than 15percent in real estate and not more than 5 percent in any stock. buy stocks when market crashes and price is low. always shuffle stocks if you have made 20-25 percent percent

 

[krish44]

in continuation
1. park money in gold when economy is down. though illiquid you are safe
2. debt is not bad if it is fixed rate for realty,education .always do it for education not spending your money.in both avail tax reliefs. . this is specially in high inflation economy with 10percent inflation matching interest rate. it is ok to have debt of about 20 percent in your overall profile.
use own brains for all decisions. you will gain in long run.
have a good income tax consultant . he will save you money besides keeping you out of trouble

 

[prasad1]

Goldman Sachs predicts a "significant decline" in gold in 2014, following losses of around 26 percent in the previous metal so far this year.


Bullion is set to fall at least 15 percent next year, the bank said in a report of the top 10 market themes for 2014 this week, which warned of the growing downside risk for commodities.


The decline would bring gold down to $1,057 an ounce – prices not seen since early 2010.

 

[krish44]

thanks forn info. equities could be worse in india. china is facing pressure on yuan . the next crisis.