1. If pro-equity savers have grown sluggishly in the last two decades, the blame should squarely lie with the entire community of financial planners and advisers, even Sebi, as it has collectively failed to bring the savings of millions to the "equity fore".
2. While DIY pro-equity savers (a pitiful few) have stepped into this form of savings voluntarily, with hope or conviction or both of wealth creation, the onus of "educating" and "guiding" the rest of the saving fraternity is surely not theirs, except for sharing their "experiences" to the best of their abilities.
3. It is unfathomable to understand why "highly educated and focused" financial professionals, who "pose" as planners and advisors, have failed to convincingly emphasize, through facts and comparisons, how the power of compounding can work wonderfully for regular savers by taking their small "invested" - not "saved" - amounts far ahead during their earning years for their inflation-beating retirement.
4. Moreover, it is their responsibility to show potential savers that such investing transactions are convenient and transparent, and for which they are suitably equipped with software packages offering options to trade on stock exchanges, to invest in mutual funds, to start an SIP, and to invest in ETFs too.
5. What seems to be lacking in this community is the sustained will to continuously educate and train young earners about the importance of investing well, with follow-up action, instead of treating it as a one-off thing, by finding ways to service their small-ticket investments on a daily basis, even by urging their employers to help in their efforts if required.
6. It can be confidently said that if the monthly savings of today's young earners can be channelized and serviced well, the chances are that they will stay invested for years, at least till retirement.
7. A similar sustained effort is required to "educate" retirees that their retirement corpus needs to be restructured with some "minimal" dose of equity - depending upon their risk profile - through hand-holding, for their own financially independent retired life.
8. Only then will savers be able to differentiate between saving - setting aside money for use in the short term with very little risk but limited growth potential - and equity investing - putting away money for the medium to long term with a measured degree of risk aiming for growing wealth by creating an investment strategy to achieve financial goals.
2. While DIY pro-equity savers (a pitiful few) have stepped into this form of savings voluntarily, with hope or conviction or both of wealth creation, the onus of "educating" and "guiding" the rest of the saving fraternity is surely not theirs, except for sharing their "experiences" to the best of their abilities.
3. It is unfathomable to understand why "highly educated and focused" financial professionals, who "pose" as planners and advisors, have failed to convincingly emphasize, through facts and comparisons, how the power of compounding can work wonderfully for regular savers by taking their small "invested" - not "saved" - amounts far ahead during their earning years for their inflation-beating retirement.
4. Moreover, it is their responsibility to show potential savers that such investing transactions are convenient and transparent, and for which they are suitably equipped with software packages offering options to trade on stock exchanges, to invest in mutual funds, to start an SIP, and to invest in ETFs too.
5. What seems to be lacking in this community is the sustained will to continuously educate and train young earners about the importance of investing well, with follow-up action, instead of treating it as a one-off thing, by finding ways to service their small-ticket investments on a daily basis, even by urging their employers to help in their efforts if required.
6. It can be confidently said that if the monthly savings of today's young earners can be channelized and serviced well, the chances are that they will stay invested for years, at least till retirement.
7. A similar sustained effort is required to "educate" retirees that their retirement corpus needs to be restructured with some "minimal" dose of equity - depending upon their risk profile - through hand-holding, for their own financially independent retired life.
8. Only then will savers be able to differentiate between saving - setting aside money for use in the short term with very little risk but limited growth potential - and equity investing - putting away money for the medium to long term with a measured degree of risk aiming for growing wealth by creating an investment strategy to achieve financial goals.