The financial crisis in US has hit every one across the globe, though the impact has been non-uniform depending upon the exposure to the outside world. Japan's largest insurance company going bankrupt, is a recent example of such impact.
Although regulated to a good extent, the Indian bourses are having a bear phase with markets dipping down at a great pace. No expert will suggest anyone to invest in the share-markets. With ICICI Bank being in the news for all the bad reasons, people have started withdrawing their deposits from the bank putting huge pressure on the liquidity condition of India's 2nd largest Bank. Withdrawal of mass deposits is also coupled with the slowing of loan repayments, thereby putting more pressure on the bank. The share-price of ICICI has gone down from Rs. 1300/- to some 300s in no time. The best option that a common man can think of these days is to keep his money under the pillow as it may be the safest place. The so-called 'balanced portfolio' is losing its existence. All the financial laws & theories are being put to test in the prevailing scenario and any good news is something to cheer for, provided it is not accompanied by any unwanted news.
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4 comments:
u r right brothe bahut hee maara haal people r scared all around the world !!!
Belt bank is the safest place. but you can still invest in gold, silver, land and so on. Good observation Manji.. go on..
I completely agree with you. But there are other ways like investing in business and property which are profitable over a period of time .
There may be a lot of ways but the fear factor stops u from chosing any way n magnifies the risks to a large extent...
Thx ppl 4 the comments
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