investment options: Move over FDs! Parents tutored by children looking at other investment options
Parents, who were happy with fixed deposits, are being tutored by children on other investment options. Investors, young and old, must be aware of the risks. Sridharan S, founder of investment adviser Wealth Ladder Direct, recalls a PSU banker, who watched his children make enormous profits from stocks during the Covid-time boom. When he decided to take the plunge, he ended up losing most of his retirement corpus.
Source: indiatimes.com