Now, start investing for better return from 2017
and it will be definitely an inflation-beating return...!
and it will be definitely an inflation-beating return...!
Dear friends:
This Deepavali, here are a couple of things
you should do regarding your investments.
Last Deepavali, I suggested that those looking at a 3- to
5-year-horizon could enter the market because of the market delivered good
return at that time.
In the past one year, the market has not delivered a good
return. True.
Still, a lot of things are happening at the broader level that
you should look at.
 |
| Suresh Parthasarathy, CFP, CHENNAI |
In the past six months, the inflow of Foreign Direct Investment
(FDI) has increased and many foreign investors are reporting greater ease of
doing business in India. Commodity prices have fallen, especially of aluminium,
copper, gold and crude. These have helped to improve the fiscal deficit.
Recently, the government imposed a 0.5 per cent service tax for
the Swatch Bharat campaign. This will help to improve the cleanness drive and,
in turn, will help indirect business opportunities and employment.
Interest rates have started to drop and this will help to
improve credit offtake, which has been bad in the past one year.
All this augurs well for the economy and for the market.
Now, start investing for better return from 2017 and it will be
definitely an inflation-beating return.
To become successful, you need to do one thing: Be
Patient. Patience is ahead of other virtues, such as intelligence or
knowledge, when it comes to making money in investment.
And, in this holiday season, think of others. Give away at least
one per cent of your earnings to charity. Some of you asked me last year whether
it should be gross earnings or net earnings.
My answer is: It is not gross or net, it is based on how big
your heart is.
And here’s my commitment to those of you who want to set up a
fund for charity: I will monitor these investments without fees and work to
generate at least 10 per cent return on these funds. You can simply donate the
interest alone.
Wish you and your family happy Deepavali!
Suresh Parthasarathy,
See what i am tweeting :@parthasuresh.
Registered Investment Advisor,(SEBI),
Columnist,
Founder,Myassetsconsolidation.
Mobile 98404 54737
| Skype: | suresh.partha |
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