Self Driving your Investments is safe?
Background Recently a senior citizen contacted my office for arguing that we are not delivering on our promise of assured returns. He took helpline number of my firm from social media. Actual reason of his call was to ask how he got very poor return on his investments in an alternate investments he did on his own in last financial year. What happened? Let us say his name is Mr. Mishra and is from North India. He is a retired central Government officer and he thinks he knows about the finance industry, due to his work profile in the past. So Mishra ji who is 65 now lives happily with his wife and a married son who is working in IT industry and earning well. Mishra ji had total of about Rs 7 Crores of retirement corpus last year. He himself, without taking help from any expert, invested about Rs 1.5 Crore in alternate investment options (invoice discounting) which is comparatively safe as it is for low duration (usually 90 days) and offers 10-12% annualized guarantied returns. I a...