In India, we have different fever at different time. Currently the cricket fever is on full moon mode back to back. First the world cup winning occasion and second is ongoing IPL season. There are 10 teams and no one is bothered if they win or loose. It is all advertisement game. The stake holders are getting millions from advertisement and sponsorship. And what is the target group of all these millions ruppes expenditure? The young generation.
The young generation wants something thrilling every day. Yahoo chatting box, MSN messenger, Orkut and lastly Facebook are the instruments used by the youths to improve “Social Networking”. Twitter is now on hot seat but who knows how much time it will last. The media is pouring fuel to all this thrill demand. But the sad part is nobody is aware that in all this thrill game the large part of the society is part of the game. As a spectator he is being USED. I am worried for all this wastage of human hours of this energetic young generation.
Recently I was talking to somebody on the 80/20 principal. This applies here also. 80% of the young generation is not aware of what they are doing in the best years of their life and remaining 20% doing something seriously which can help them to build a strong career.
In my investment advisory this is the same observation. This 80/20 principal exists in investment decisions. 80% of the investors are not aware about various factors like inflation, tax, liquidity, expenses, risk and growth potential of their investment. So, the outcome is wrong investment product in the hands of investors and missing best earning opportunities of the prospective time. I do not foresee any improvement in near future. The move by SEBI for certification for investment advisory in Mutual funds and insurance has brought new educated people in this field but they are running and pushing hard various products to complete their revenue targets. Ethics are hardly seen. The asset allocation funds are considered to be the basic to start any investment advice is missing in most discussions.
Why this important part is being ignored? The reply is people are more worried about the figures of their heroes. How many centuries and half centuries of a player, how many runs in how many balls and what is average run rates and what is the latest advertisement contracts etc. etc. But this poor lay man is ignorant of very important figures of his own. He does not know that what amount he needs for better retired life and what will be educational expenses for his kids and what is rate of return expected to meet his goals etc. etc.. Oh! I am shocked to know fact of a recent survey, 35% of a person’s income is spent for children’s education!!!
If you will see others, you will have hardly a time to see for yourself. So, I believe now the latest mantra should be “Jago bhai Jago aur kal ke liye socho”
“Games jarur Dekho magar socho apna game na hojaye”
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