Your Goal To Be Wealthy
July 18, 2011 Leave a comment
So being wealthy is really important to you?So what does wealthy mean to you?Have you a figure in mind?
Wealthy means different things to different people.Just as there are those who love the society dos,there are others who love their getaways in pristine natural surroundings.Some love to be in distinguished company and others prefer to stay at home with a book or spend time with family. Some love art,others horses, cars, boats, clothes and whatever else you name it.Are you living the life of your choice are are you drifting along as best as you can? Read more of this post
If you ever hear a spiel that goes something like this:Staying invested in the market for the long term ,through various cycles ensures that investors get rich.Unfortunately at the first sign of trouble most mutual investors run.Then the fund house has redemption problems and long term investors like you pay for the weakness of these short term investors.But if you go for XYZ scheme,there is a lock-in of n years so no matter what happens investors can’t flee easily,so ABC wise fund manager can work his magic and give you extraordinary returns.And BTW this fund is now floating its NFO.If you delay you can’t benefit from this good scheme for n more years-Be skeptical.Very skeptical.This salesperson might just stick you into a dud investment you can’t exit easily. 
I happened to watch this movie today. Quite a few people recommended it to me.It’s a really short flick at 7 minutes.Here’s a link to it:
wealthymatters 