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Community Manager at ST
Posted last year
A WhatsApp forward... how do you react?
Originally posted by Abhishek Sharma on Facebook
First of all there are two kind of inflation Weighed Price Index and Lifestyle
Inflation. 99% of the group members should worry about lifestyle inflation
Also how does your money gets half in 15 years if real interest is -2% ??
Shouldn't it be close to 30/35 years ??
What's wrong in it where's the lie
I don't understand why people keep on running behind worthless thing like fd
which have no practical use today
Oflate places like Quora and linkedin are plagued by such people posting their
own gyan without even thinking twice of what they post
Fd beats inflation in India by a very thin margin so he is wrong
Good observations however, the salary keeps rising every year by 10 to 15% ,
switch jobs if that's not happening , you get a bonus ever year which helps
meets any shortfalls. The valuable assets you own such as property , gold etc
also keeps appreciating every year, so the negative returns you are talking
about is just half the story......make better classifications or heads to assess
true picture and analyse self worth, before generalising the concept
Inflation data is probably not very wrong here...we should see inflation as the
average inflation rate of health care, medical, and consumables. Note that CPI
weights food at 50% so it's not a precise inflation measure to take when we plan
for our goals.
He/She is so much obsessed with the relative that he/she conveniently ignored
though the person is indulging in FUD mongering there is truth interspersed in
good quantities too.
Price change happens based on multiple factors such as global, regulatory,
demand and supply. During 1950-2000 inflation high was almost close to 28% and
low to around -10%. So we individual can't control price rise and drop. If money
remain idle it will loose its value to inflation. Right way is to keep adding
more money and take compounding effect by allocating for long term in various
asset classes and never stick to one investment Avenue. No doubt traditional
avenues have seen significant drop in return due to reducing interest rates e.g
PPF return 15y back used to be around 13-14% and not almost halved. Similar is
the case with deposits. So best is to allocate in equity, debt and fixed return
schemes in combination to beat inflation.
What is there to react? Take random data and put it in a sentence is what is
Inflation is not 7%. Why do you have both emi and rent? You get services (at
least some) so you pay tax(this should be reduced I agree). 99% funds dont beat
benchmark is wrong but also benchmark is conveniently ignored.
Please don't count this answer as TROLL.
My only reply - bhai, take kamandal in hand and go to Himalaya.
On a serious note, there are many things which are wrong in the presentation.
How 99% funds are unable to beat inflation?
How 99% fund unable to beat benchmark?
Is the benchmark itself unable to beat inflation?
If rent is paid, why home loan EMI is there? If home loan EMI is there, why
rent? It may be one off case but not for all of us.
Every year it's not that high
Your info is kind of right but inflation in India i about 4.2%
Bio says 'Educator on investments and stock market'...
Another forward circulating these days is the rise in fuel prices. If you take
25 year rise in fuel price it will be approx 6 percent cagr. Way less than
regular inflation or growth in income.
ragesh g r
Real return is even less than minus 2 because FD is taxed.
Also not everyone is invested in just FD
Financial p0rn at its best. Remember when in March 2020 there were articles how
5 yr Sip in equity funds gave less returns than 5 yr debt or ppf sip.
Ignore and move forward. Stick to your asset allocation and invest in what u
Ignore such people. Everything is scam for them. I suspect communist criticism.
He literally criticised taxes, education system, salaries and MF houses in one
Update : I just realized I personally knew this guy.
Used to discriminate non Bengali's as early as year 2000 and used to say -
non-bangali leave Bengal. Ignore this guy.