Keep your investments Simple !!
Keep it Simple Please
Your investment must be the way you want your life to be . Simple and Easy .
There are many products available in markets , Some are extremely easy to understand and strongest . While others are complex and on an average not very easy to understand by common public .
In Life , simple things works best . We all want our lives to be simple and easy , We don't want lots of complications . In the same way we should use simple products while choosing our investments .Simple things works in the best manner . There is a tendency of creating complex products because general public feels , that because they are complex and not easy to understand , they must be working very differently and in a smart way . This is far from truth .
Easy to understand products like Term Plans , PPF and Mutual funds works brilliantly . You dont need ULIPS or product like Jeevan Astha and Endowment plans with lots of stupid clauses .
What happens when u choose simple products ?
Your life is easy , you can understand them better , track them better and change it in a much better way .
Imagine a person A with ULIP or Endowment policy for Insurance needs and B with Term Insurance .
What are the benefits B enjoys ?
- He understands every things about his products the reason being there is very less to understand . (If you die , your family gets money , if you don't , you get nothing) .
- He can choose to stop his stop his policy any time he wants (if he does not feel the requirement)
- He can change it to some other policy later in life if he wants .
there are many things like this , where as in ULIPS and Endowment policies , people are stuck with no mercy if they cant pay premiums some 2-3 yrs in a row . There are too many clauses and different types of sum assured ,and things like those .
What is the Learning ?
Take easy to understand and simple products which look Plain Vanilla , Complex products have nothing extra than complexity . Just make sure you understand easy products well and how to use them well . Your investing life would look much like your investments . Keep them Simple .
Your investment must be the way you want your life to be . Simple and Easy .
There are many products available in markets , Some are extremely easy to understand and strongest . While others are complex and on an average not very easy to understand by common public .
In Life , simple things works best . We all want our lives to be simple and easy , We don't want lots of complications . In the same way we should use simple products while choosing our investments .Simple things works in the best manner . There is a tendency of creating complex products because general public feels , that because they are complex and not easy to understand , they must be working very differently and in a smart way . This is far from truth .
Easy to understand products like Term Plans , PPF and Mutual funds works brilliantly . You dont need ULIPS or product like Jeevan Astha and Endowment plans with lots of stupid clauses .
What happens when u choose simple products ?
Your life is easy , you can understand them better , track them better and change it in a much better way .
Imagine a person A with ULIP or Endowment policy for Insurance needs and B with Term Insurance .
What are the benefits B enjoys ?
- He understands every things about his products the reason being there is very less to understand . (If you die , your family gets money , if you don't , you get nothing) .
- He can choose to stop his stop his policy any time he wants (if he does not feel the requirement)
- He can change it to some other policy later in life if he wants .
there are many things like this , where as in ULIPS and Endowment policies , people are stuck with no mercy if they cant pay premiums some 2-3 yrs in a row . There are too many clauses and different types of sum assured ,and things like those .
What is the Learning ?
Take easy to understand and simple products which look Plain Vanilla , Complex products have nothing extra than complexity . Just make sure you understand easy products well and how to use them well . Your investing life would look much like your investments . Keep them Simple .
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