I was watching the TV show “ Money and Matters” a financial discussion of experts on investment options available in today’s scenario with live audience. Fist one for salaried professional earning good money something in Lacs better option this mutual funds, investment in property this and that. .Then they came to another segment who wanted to expand their business line and was looking for hospitality and fashion apparels business how should they raise capital.Debt/Equity fundas and govt incentives and taxation ,FDI share and SEZ policy...so on.. Discussion was going on with so many graphs and diagrams showing different trends and analysis of expert.I guess they have ready reckoner of all sectors calculated based on past years trends and different statistical/financial tools..that i have forgot after finishing my economics study J . These experts so serious and involved with numbers that it seems they must have properly calculated that they will talk to their wives 3ᶟ times only becoz they will having 4ᶟ demands so their probability of escaping this will be at least 6².Their whole calculation goes wasted when their wife swaps the credit card for 2²+ 7² times by 4 in evening.
Well suddenly a person with thin body and wrinkles raised his hand.
“Firstly a very good day to all of you” (trembling voice) i also want to make some financial plan with my income.
Expert “ yeah always you should ..world is full of options we should not keep our money hoarded. It has multiplier effect” well now we will search portfolio for you. Tell answers of basic questions
1.Are you a motivated to take risk or you are looking for safe kind of investment?
2.Do you have any plan that we can discuss like what you want to own, invest or expand your business?
Person “ yeah everyday i take new risk..i hardly find anything called safe..
Expert: wow this kind of person works on their instincts and create new examples. A big round of applause for Sir..
(whole public did clapping for which they are there)
Expert: your own plan..of..
Person: (Interrupting in middle of question) sir i have noted down all questions..Question no 2 right?
Yes i plan to own my own big house, a car for my son and marriage plan for my daughter after her education ,Some jewellery for my wife and for me in future i want to start my own business of construction.
Expert: As per your plan you should go for Home loan ,Education loan for your daughter,Car loan for your son, and for her marriage you should save at least 10-15% of your income.. and invest in Gold for your wife. . and for your own business..I must say construction business in now booming in India..You can have bright future in this sector and ...
Just minute Mr..We are sorry ..we forgot to ask one question from you..
What is your source of income and how much?
Person: Sir my income has now increased from last year as much as 46%.
Expert: wow..Wonderful..then i will suggest you to have insurance of your all loans ,life, medical also.So your current income is??
Person :My present income is Rs 25,500.After deductions i get 22,400.And for your information i have taken one loan of 12Lacs for which i need to pay 12000/Month.I have family of 6 persons .As my daughter is studying business in hostels i need to send her accommodation and college fee every month .My son is studying engineering he has bike but in his college increasing trend of cars. well i was happy when Tata launched Nano. But he still have complaints i won’t accept Nano. My old parents just got ill last month and i had to take personal loan of 250000 from a bank on 12% interest rate.Every month me and my wife make some financial plan but when i watched your show on TV i thought you are expert you can give me better suggestion.
Expert: Yeeaaaaaaahhhh why not sure . just wait..(discuss with other experts and take pen in his hand and calculates and prepare some tables and rubs then again take calculator in hand and other expert search something in google..)
Person: Dear Sirs i tell u what i do..I belong to mango people (by mistake he forgot to say common people) when i take loan from one source i resolve after taking from other one.I never crush my children’s dream if my daughter wants to study i sell my ancestor’s land in whatever money i get .When my wife feels envy of seeing other’s jewellery and dresses i say to her she is most beautiful woman in this world and so elegant in her simple wears like Jaya prada in her old movies. When my son asks for car and bike i promise him to give if he achieves 75% marks bcoz i know if he has to achieve this % he has to stay back at home and study and has to leave the kind of groups which lure him to get a car. Gradually he will understand our family, will become mature and will take part time tuitions for his needs then he will be able to buy a bike.And for my old parents i will never compromise for money..although i need to take some money from my relatives. And for my own business i pray to God everyday.
And by saying this Mango people gets emotional and move out from the hall...
Programme broadcaster cuts this mango people’s episode and starts his show again.
No comments:
Post a Comment