Unlike USA, European Union is not a single Government; Each Govt. will want to protect its economy, jobs and income; though a single Common Market. EU and IMF have tried to fix the Greece debt crisis.
Your personal Financial plan should adequately provide for protection from inflation. The two digit inflation and spiraling food prices, fuel prices in succession is actually dipping into your fixed income portfolio.
Today the Post Office Monthly income earn you 8%; Bank deposits earn you 6.5% to 8%, 1 year GOI bond 5.6%, 10 year GOI bond 8%. Some Mutual Fund investments in MIPs earn you upto16%.
Obviously, Mutual funds come with more risk than the rest.
So you should have a portfolio of fixed income products to steer clear through the difficult times.
People who read this also looked at
1. After USA, It is the Turn of Europe:How well did you prepare?
2. Gold as an investment: Indian Version
People who read this also looked at
1. After USA, It is the Turn of Europe:How well did you prepare?
2. Gold as an investment: Indian Version
