My net returns on mutual fund investments: -25.81%. On stocks, it’s -64.49%. With times being as they are, it’s better to keep my money in a savings account rather than moving it into investments as everyone keeps recommending.
Strangely, I’m not feeling a bit bitter. I’ve put up most of my savings (yes, Indians my age actually have savings) into stocks and mutual funds, but I did put some bits into PPF and LIC as well; so it’s not a total loss.
I still remember getting my first paycheck, which wasn’t that long ago. I haven’t yet learned to value money just for money’s sake—I have more than I can easily spend, but much less than what I want (can’t buy anything major like a car or a new house). Right now, I feel a bit ambivalent about money: more would always be good, but I’m not very attached to what I do have.
I just hope I can retain this attitude as long as I can—life’s too short and there are already too many things to worry about.
Comments (3)
I have 70% of mine in PPF. Now is the time to put money in Fixed Deposit given the increase in interest rates.
Ah, but can the banks be trusted to remain working? I'm not sure that even Indian banks will survive if the US economy has a major meltdown.
hahaha… thats d case everywhere… equities are bad. but hold them and u shall regain its value.