Wealth Management: Putting into Perspective !!
One day, late evening I got a call from my brother, who recently graduated as an Engineer and started his job. He asked me about one mutual fund scheme which apparently looked lucrative to him. He asked, “Do you know about this scheme? Its returns are so much better. I want to start my savings. Can I start putting my money in this scheme?” Also, he just turned 23. So I kept listening to him and how keenly he was telling me about the scheme and also appreciate his thought to start his financial planning from the very beginning of his career. At the same time, it is also important to note that such random encounter with any financial product and attraction towards the same based on prima facie information may become financially fatal. Thus it is of utmost significance that such nascent, enthusiastic & curious thought process should be driven with proper guidance and planning so that one can inculcate a good financial discipline during the journey of life. Owing to this, I ...