Choosing products for bragging rightsFrom teak trees to Ponzi schemes and the more regulated hedge funds and private equity (PE) funds, investors have blindly invested in products that give them bragging rights. “Remember that products with returns that are too good to be true are usually a marketing gimmick. Choosing safetyLow risk, liquid investment products are suitable for preserving the principal invested in the short term and to enable drawing from a corpus created for a goal. The promise of high returns and the dubious science behind some of the products allows them to hold forth to admiring listeners. But most people turn to insurance for tax benefits in the form of deductions from taxable income for the premiums paid.

Source: Mint June 12, 2016 18:45 UTC