With the advent of social media, many start sharing stories and putting videos showing how they received twice the money in three months or six months by investing in a particular stock. They also act as soothsayers by predicting how the market will behave in the near future. By doing so, they start selling greed. Those who talk about financial planning, wealth planning and goal planning think that they have their story in the mind and start selling it to ordinary people.
Then to earn a quick buck these people invest the money hoping to get a good return, however they lose their hard earned money and are left empty handed. So, to make sure that does not happen one has to be careful in investing by assessing their goals and risk portfolio. Above all do not listen to those who sell greed in the form of stories because at the end of the day, he doesn’t know you, you don’t know him
Vinayak Sapre, author of Dohanomics, tells you more in this video.
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