Saturday, November 03, 2007

Loosen those purse strings---Sunday Scribblings

Now I like that. Money. Who does not! I like to earn it. I like to spend it. Talk about it?

Maybe I should. This prompt came at the right time. A week or so before, I was undergoing some sort of financial crisis. I suppose it was due to my own fault. I had some money to invest. I contacted my financial advisor. Trusting him, I signed up a few papers. I wrote out the cheques, double-checking those but did not realise that he put my money where I had not wanted it to be put in the first place. Now my money is locked for three years and returns are not what I had expected. He put my money in insurance, which is not going to profit me. He is going to earn a hefty commission for it. The result is, I had a few sleepless nights. Now I have accepted the situation after reporting him to his bosses.

One thing I learnt from the whole episode is to be aware of the best of investment instruments. I am taking interest in the share market. This way I am keeping abreast with the latest trends. I am getting to the hang of investments. I am even checking out loan rates for buying a house. I find it very interesting too. I am surprised I did not take much interest before this. As they say better late than never.

Money..lack or plenty of it…both cause problems..in different ways. I would rather have the plenty problem rather than the lack of it. I believe in earning my money and not by buying lotteries. If I need something hard enough, I have to work towards that goal. Just fantasizing or dreaming about it is not going to make it happen. Same goes for money. If you want to earn more, work for it. It always pays. In more ways than one.

Do I have an unknown uncle who is going to leave a hefty sum of money? I wish..:D

30 comments:

Steve said...

I am sorry to hear of your troubled times. An interesting insight. One I think should be considered. Let's hope a bright out come is on the horizon.

tumblewords said...

Good luck! It's not an easy course, for sure. Nicely told about one subject that's not well understood.

david santos said...

Please!

Send an email to the Brazil embassj your country and repor the injustice that the brazilian courts are making with this girl

The resignation is to stop the evolution. (David Santos in times without end)

Thank you

J. Andrew Lockhart said...

I bury my money in my back yard. :)

Herb Urban said...

Sorry to hear about your recent headaches. It is hard to find trusted advice on the matter from someone who isn't only looking out for themselves. I hope things work out well for you. Teachers never get paid their true worth.

floots said...

sorry to hear of your problems - i was similarly duped by advice from a professional
my problems are now over - i have no (well - very little) money but seem to get by
cheers

Betty C. said...

This is not an easy subject. Hope your porblems work out...

Jo said...

I'm sorry you were stung, it's a dangerous industry (though there are those who do good work there).

Remiman said...

gautami,
It does seem that someone is always ready to take our money for their own benefit. Life is a gamble and all it's activities too. You have learned from this to prepare yourself and that is the best thing!
rel

paisley said...

i cannot understand why you cannot get that money out of there.. i have never had enough to invest so my understandings of investment are limited.. but i would be as irritating to them as fingernails on the chalkboard until they returned my money i do know that!!!!!

Don Iannone said...

Money...so much power we give to it in life. I hope things get better for you. I believe they will. Best wishes, Don

Rose Dewy Knickers said...

((((Gautami))))

Money is means to an end. Since we don't live in a forgiving world, money is used by many to hurt and control. I hope you find your way, I know you'll find your way.

How's your book coming along?

Rose

xo

Crafty Green Poet said...

You're right about needing to work for your money not trust to lotteries. Sorry about your problems with the investments.

polona said...

although i work in the financial sector i have never had a way with money. i only seem to have enough to get by all the time.

cocaine jesus said...

easy, with hindsight to nod sagely and say, 'never trust anyone but we all have made that mistake. i am absolutely useless with money.

The Anonymous said...

Everyone should see this.. http://www.project71.com/readme Enjoyy!

January said...

Well, I guess you can consider this a lesson learned and move on. Just keep doing what you're doing and the money will come--so I'm told.

There's no substitute for hard work and persistence.

Good post. Thanks for sharing.

DJPare said...

Sure, it's always good to have more investment knowledge, but man, that guy is an asshole!

David said...

i am glad when I have a little extra, because I like what I can do for others.
I do not seem to be bothered when I do not have enough. I have no investments.

Sarch said...

I know that had to be frustrating. Perhaps the return on your investment will end up being better than you think.

You certainly seem to have the right attitude about it though.

Michele says hi.

dsnake1 said...

" Same goes for money. If you want to earn more, work for it. ": seem to be on the right track. :)

Jennifer Hicks said...

so sorry to hear of your unfortunate experience.
it takes a lot of work to educate oneself about the investment industry. best of luck with that!

J

Carmi said...

I feel your pain. I keep hoping that this writing/picture-taking gift of mine will pay off in spades at some point.

Soon...

Until then, we have the richness of community.

And Michele, who sent me here today to ruminate over the fact that good people never have enough of it.

Robin said...

I think many of us have had a major "whoops" like that - just serves to make us more careful in the future.

sognatrice said...

Sorry to hear of your money troubles, but I'm happy to learn you're doing NaBloPoMo too :)

ribbiticus said...

good luck! sometimes the markets can be very volatile. i've always thought my money is always safest in a bank. ;)

here from michele again.

Bonggamom said...

Ugh, that sucks. Hope things will brighten up soon!

UL said...

The way I see it, as long as one is comfortable, no point in having more and more....sometimes I think lack of is better than plenty. Though I do see where you are going. Nice take. Thanks.

Gill said...

Gautami, I am so sorry that your financial advisor ripped you off like that, it's shocking what some of these people will do. I hope it works out for you in the end and that the return will be better that you had hoped!

Regina said...

Gautami,
Thanks for stopping by my spot, nice to meet you! sorry to hear about your financial woes, but maybe it will have a good ending!
and I'm sure you learned something for the future (don't we always learn from mistakes? wish I could learn stuff BEFORE I make a mistake)!
Blessings!