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)

  1. Ankur wrote::

    I have 70% of mine in PPF. Now is the time to put money in Fixed Deposit given the increase in interest rates.

    Tuesday, September 30, 2008 at 15:57 #
  2. Ankit Solanki wrote::

    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.

    Tuesday, September 30, 2008 at 17:43 #
  3. nandish wrote::

    hahaha… thats d case everywhere… equities are bad. but hold them and u shall regain its value.

    Monday, October 13, 2008 at 22:30 #