We have always been taught that debt products like FDs, insurance plans, PPF accounts, NSCs, bonds, recurring deposits etc., are very safe and there is no risk in these products. When we think about “safety”, we only think about assured returns and security of capital. But tell me let you that your thought of “safety” is flawed and it does not assure preservation of purchasing power. Even though your money has grown, it has not grown in real terms. Its purchasing power has come down. That’s problem with debt and that’s really something which should concern you. It implies we forget to look at the maturity value in terms of its purchasing power and it can pose a problem in your financial life.
Posted on: Sat, 28 Jun 2014 05:45:25 +0000
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