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The biggest mistake I have seen many people make ... Many people think investing in equities or mutual funds is like gambling and so they stay away from it. What they do instead is: - Keep all their money in their savings account - Only invest in FDs - Invest in PPF, NPS, SSY, or other government schemes - Buy policies that combine Investment with Insurance But, what they don't understand is that by doing this they are just burning their money 🔥🔥🔥 Some of these instruments are taxed heavily and the post-tax returns don't even beat inflation. Which means the number in the account might look like it's growing but the buying power is lower than before. So, they are becoming poorer and poorer each year by not investing in inflation-beating assets. What are some inflation-beating assets: - Equities - Mutual Funds - Gold - Bonds (few of them) Where do you park your money or invest? #Investing #FDs #FinancialPlanning #WealthManagement #Simplifin