| Rajshekhar Roy , Anand Doctor and 12 others posted in Asan Ideas for Wealth . Rajshekhar Roy March 19 at 1:49pm For all people in the group who are getting very agitated about the rate cuts of yesterday and wanting to get out of risky debt, I have a very simple question. How much has your equity portfolio, either for MF or stocks gone down by in the last 6 months? Share it here if you are comfortable but, either way, the cut in your portfolio will provide you with a perspective of how unreasonable some of the comments are about the rate cut yesterday - a few even wanting a change of government !! Interest rates in the Small Savings Schemes will be linked to the overall interest rates in the economy. It was a blunder by earlier governments not to initiate this process. We should be happy that the current government has bitten the bullet on this finally. If our economy is managed well, it will have a higher growth and this will result in creation of serious wealth through the equity route. We will also be benefited by lower loan rates. Look at government like you look at a fund house offering schemes like PPF etc. You can choose whether to buy such schemes from the government or not but, if you do so, do not complain about the rates coming down. No one ever promised you that the rates are fixed for the long run or even a short run. Like Comment | | | | | | | | | | Rajshekhar Roy, Anand Doctor and 12 others posted in Asan Ideas for Wealth. | | |  | | | | | For all people in the group who are getting very agitated about the rate cuts of yesterday and wanting to get out of risky debt, I have a very simple question.
How much has your equity portfolio, either for MF or stocks gone down by in the last 6 months? Share it here if you are comfortable but, either way, the cut in your portfolio will provide you with a perspective of how unreasonable some of the comments are about the rate cut yesterday - a few even wanting a change of government !!
Interest rates in the Small Savings Schemes will be linked to the overall interest rates in the economy. It was a blunder by earlier governments not to initiate this process. We should be happy that the current government has bitten the bullet on this finally. If our economy is managed well, it will have a higher growth and this will result in creation of serious wealth through the equity route. We will also be benefited by lower loan rates.
Look at government like you look at a fund house offering schemes like PPF etc. You can choose whether to buy such schemes from the government or not but, if you do so, do not complain about the rates coming down. No one ever promised you that the rates are fixed for the long run or even a short run. |
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