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Why one should invest in what suits their true risk appetite? #story
Generally my father in law does not introduce me to his friends for investment guidance. 1. Because generally I am extremely blunt when it comes to investment guidance 2. I only mostly explain #risks involved
But I think his friend really forced him so he finally introduced me to this gentleman who retired from government service, has good pension and also has a frugal life style so has lot of money saved. He wanted to invest his just matured FD into a MF because FD rates were low.
After few minutes of talking to him I realised he had never invested any money in #stocks #mfs or any equity instruments ever. As I continued I realised that he wanted to invest this money for a long term and wanted the wealth generated to be transferred to his son.
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