Wednesday, January 27, 2021

unsolicited sms / calls / tips

It is very common especially during a bull market you start getting a lot of unsolicited SMS/Call/Email/Whatsapp from strangers for subscribing to their paid services to get immense profit in a couple of days. Some of them even offer free services for initial 5 - 7 days to get you into a trap. 

This is totally a scam/fraud and one should never ever indulge in this kind of offer how much it could be lucrative to you. Nobody in this world can offer you a guaranteed return above than FD rate except a small savings scheme by Govt. Also, understand if you are being offered any assured return by any of the private companies above the FD rate, there must be some risk involved. 

With market-linked instruments like equity or MF, if you manage to double your investments in 5 - 7 years that's pretty good. This will fetch a CAGR of 11% - 14%, which is a reasonable expectation from the market, however, this is again not assured or guaranteed. 

Wealth creation is a pretty long-term boring process and to get the financial freedom you might have to remain invested for a minimum of 2 decades. It can't happen just in 2 months or 2 years. Understand if these people are making such decent profits in just a few days, then why they don't invest their own capital... Just because they are only interested in taking fees or brokerage or both from you.

Imagine, if you get a PARAS stone (the stone which has the capability to turn anything into Gold), what do you think, whom you make billionaire first... yourself or your neighbor? Second, if you become a billionaire with PARAS, then would you charge a fee of Rs. 1000 or 5000 to make anyone a billionaire?


                                    



Disclaimer: Investment in securities & mutual funds are subject to Market Risk

No comments:

Post a Comment