The biggest reason each one of us should be financially literate is to ensure that we only buy investments that are right for us. Honestly - there's nothing more disheartening than finding out that the hard-earned money we invested only ended up benefitting the investment companies and their agents.
The situation is really bad. And its getting worse. What is making it worse is the relentless and aggressive marketing and advertising campaings carried out by these companies.
The one entity that could make a difference here is the government. Sadly, they are not doing much. Financial literacy is something that we hear lot about but hardly any one has any serious plans for it.
This article by Manish at JagoInvestor is an eyeopener for those who still think being financially literate is an option they can afford....
2 comments:
Hi Vinod, this is a good blog that ou have been writing. I got the link to your blog thro' Manish Chauhan's Jago Investor.
Please let me know how I can get hold of (buy!) your book on investing. I read the contents pages and I now want to read the book. Pease let me know. BTW, I live in Bahrain not in India
Venshu
Venshu,
Thanks for visiting my site and going through the content section of my book.
Right now, the book is only available in Mumbai. I'm currently editing it to accomodate changes following Budget 2010. Hopefully, the new edition will be out by end of March.
Let me know how and where I can send you the book.
Keep visiting :-)
Vinod
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