Inflation is the biggest enemy for all of us when we think of wealth creation and achieving our financial goals. Hence, we always hear from the financial industry or experts that we must beat inflation. Hence, we have to invest in assets or products which beat inflation. Is it universal advice to follow BLINDLY?
Recently I have interacted with few new prospective clients for my fee-only financial planning service. I noticed one thing that they are investing a major portion of their surplus in equity. But when I asked why, the answer I got was that to BEAT the INFLATION. Wonderful and acceptable. But is it applies to all our financial goals?
Beat the INFLATION – LIES Financial Industry teaches you!!
What I noticed from these new prospective clients is that they are YOUNG, the majority of their goals are SHORT TERM, they identified the products to accumulate the money for goals. But sadly WRONG asset class. Because their only purpose is to generate high returns than the…
