The best path to prosperity

We, as Indians, have been traditionally good at saving money. However, saving money in a bank account or a locker is only half the job. To meaningfully benefit from the power of compounding, you need to invest that saved money in the right place. At this point, you may feel proud to have invested in a fixed deposit (FD). But hold on. Let's take a quick detour. The return illusion Say you get the chance to work in your dream company. But to join the place, you need to take a pay cut. That doesn't sound like a great deal, right? But what if it is happening to you in some form without you being aware of it? Let's introduce you to the dark side of bank fixed deposits (FDs). Around 15 years back - FD return rates looked quite good, considering they were safe too. Cut to the present, the return rates have sunk; in fact, the rates have fallen steadily over the last few years. The only constant is that FD rates have barely managed to beat inflation! As a result, your

This article was originally published on December 02, 2021, and last updated on July 20, 2023.