8 ways to protect your wealth and grow it.
May you live in interesting times’ is rumoured to be a Chinese curse. Whether or not it is, no one would disagree we live in such times. Consider the events that lead us to 2017—Britain voting to leave the European Union, Donald Trump taking over as President of the United States, repeated terrorist attacks across the world and, at home, demonetization and a slowing economy. All this leaves us with a gnawing sense of uncertainty. What next, we think with trepidation. And, is my money safe?
Should you clutch your treasure chest waiting for the tide to turn, then? “Risk and returns are two sides of the same coin,” says Gaurav Mashruwala, Mumbai-based certified financial planner and author of Yogic Wealth. “Inflation, taxes, government policies, geo-political situations and economic cycles affect all investments. The day you part with your money, you have taken a risk. This does not mean you should not invest. In fact, not investing is a risk in itself. But an understanding of risk will help you protect your wealth and generate higher returns,” he says.
So, take heart, dig in your heels and heed the advice of these financial planners. Here are eight ways to protect your wealth and grow it.
Don’t Just Let It Sit There
Denne historien er fra February 2017-utgaven av Reader's Digest India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2017-utgaven av Reader's Digest India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
From the King's Table to Street Food: A Food History of Delhi
Pushpesh Pant, one of India’s pre-eminent food writers, is back with a comprehensive food history of the capital.
Who Wants Coffee?
It’s bitter—but beloved around the world
Prevent The Pain Of Shingles
You don't have to suffer, as long as you take two important steps
The Best And Worst Diets For Your Heart
Dozens of diets are touted as ‘best’, but it’s easy to lose track of the fact that healthy eating needs to be about overall wellness, not just weight loss.
ME & MY SHELF
Journalist Sopan Joshi has worked in a science and environment framework for nearly three decades. His book Mangifera indica: A Biography of the Mango (Aleph Book Company) synthesizes the sensory appeal of India's favourite fruit with its elaborate cultural roots and natural history. He writes in English and Hindi.
SWITCHED
In 1962, nurses at a small Canadian hospital sent home two women with the wrong babies. Then, 50 years later, their children discovered the shocking mistake.
ECHOES OF THE PAST
A VISIT TO THE ANCIENT BARABAR CAVES IN BIHAR REVEALS A SURPRISING CONNECTION TO A LITERARY CLASSIC
Fathers of the Bride
A young woman finds a unique way to honour the many men who helped her survive her childhood
Fiction's Foresight
British-Bangladeshi author Manzu Islam's works reveal startling parallels to recent political upheavals in Bangladesh, begging the question: Besides helping us make sense of our world, can stories also offer a glimpse into the future?
It Happens ONLY IN INDIA
The Divine Defence Picture this: A tractor in Rajasthan‘s Banswara district,a group of loan agents closing in to seize it and the defaulting farmer and his family standing by.
