Apple a Day....

“An apple a day keeps the doctor away”... probably you were proudly repeating after your teacher in the LKG classes.

Gone are the days, next time it will bring fear of loss of money in the minds of several people who put hard earned funds- Residents and NRIs alike in the hope of making an investment for that old age income, or a happy home..


The norwegian fraud is yet another story about losing money by Keralites.

Chennai-based Tycoon Empire International Ltd. and Bizarre Global Business Group has also took away good amount of money from unsuspecting investors. Tycoon Empire International had collected Rs370 crore from 50,000 investors, while Bizarre group collected Rs55 crore from depositors.

Verizon Builders and Developers Ltd and Encode Financial Services Pvt Ltd for the past three years would collect Rs6,000, including Rs5,000 as membership fee and Rs1000 as share in the business, under the pretext of real estate investment. In addition, the members were promised Rs1,000 for every pair of new joiners they brought with them.

So what are these fraud stories telling us?

There is no way to get rich quick - the old adage.

Next it is telling us about our money habit. We want to keep money secret and expect it to grow for us secretively..and in the process we lost it entirely.. it is not unique to Kerala. one can get similar stories elsewhere.

So let us plan to get rich using the formal ways of doing financing or investment, within the rules and regulations. Link investment and saving plans to one one life need. Do not get drawn by people who run the schemes, the associations they have in high places.

Planning to Fail : the NPS Way

At a time when people worry about the life after retirement, we come across the much trumpeted NPS failing!!!

The money wasn’t invested for years after 2004. The employees don’t have personal accounts with the NPS’s CRA (central record-keeping agency). They don’t have any first-hand information of how the investments done in their name is being managed. They don’t know what is being earned, they don’t know which fund manager is doing better and which worse.


But are you ready, when all the mess is cleaned up by the authorities.. Be on your toes not to loose sight and stop planning for retirement. Keep your documents intact. When the govt is ready with theirs, you should have your claims intact.