BEST INVESTMENT FOR 2016 & BEYOND

BEST INVESTMENT FOR 2016 AND BEYOND

A friend asked me...

“Tell me what is the best investment for 2016?” “ I have Rs. 1 Lac to invest, what is the best investment I can make?”

Almost daily these questions are asked to a financial market expert. I see two issues here:

Issue 1: A belief that there exists an “Investing panacea” the “best investment”

Issue 2: A belief that some learned sage knows about this “Investing Panacea”

Having spent my substantial time in the wealth management , I know how far from the truth these beliefs are, but people love to hold on to such possibilities.

Almost every year we see how many of us advisors, analysts, central bank governors, economist from global institutions keep getting our predictions wrong but we do not stop making them and people do not tire asking for them.

Frankly no one knows about the best investment of the future, we all though know very well the best investment of 2015, 2014, 2013! Like they say, in hindsight we are all experts!

Now I shall attempt to tell you about the “Best Investment” not only for 2016, but for beyond…

So what is a “Best Investment”?

Like the hero in 3 idiot says, “demo dikhata hoon”. I shall also show a quick demo.

Suppose I have a headache, what would be the best medicine for me? A pain killer, right! Will the “Best Vitamin A” tablet help in curing my headache, unlikely. Similarly, a pain killer is no good for a person who is suffering from “Vitamin A” deficiency.

“Best Medicine is a medicine or a group of medicines, that helps in relieving you of your ailments” you can read it like this “Best Investment is a product or a mix of products, that helps you in achieving your financial objectives / goals”

Equities cannot be the best, Gold cannot be the best, Real Estate cannot be the best. Like they say, one man’s poison is another’s pill. So the best investment is the one that works for you, for your goals, for the kind of person you are and the kind of mental make up you have.

To find your best investment this year and the next year and forever, find your goals first. “To Find Your Best Investment, Find Your Financial Goals First”

Rajiv Kapoor
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