One of my relatives invested ₹462 every month in LIC from 2006, and he’s going to get ₹1.5 lakhs this year at maturity after investing for 20 years.
That’s a CAGR of around 2.98%, which is less than half of inflation. If he had invested in an FD, he would get ₹2.41L, and in a mutual fund (12% return), he would get ₹4.75L.
LIC policies only make their agents and employees richer, not the investors. Even its stock has given just 0.34% returns in the last 3.5 years.
Stay away from any friend or relative selling you LIC policies because they know the reality, and if they’re still selling them to you, they are greedy snakes and don’t have your best interests in mind.
Patience is not always virtue, too much patience is the path to become patient.
slow growth is not solution for no growth.
No common-sense on road repair. Dimag lagane se kam nahi hota @narendramodi@Dev_Fadnavis . Give work & contract to deservings-not on cast ya minority basis
@nsitharaman already you are pain for Indians, now by becoming pain to FIIS by mean of your different taxes causing them leave India. Why you are so dumb. Don’t compare taxation in India with other countries. They use it for development. @narendramodi@RahulGandhi@raghav_chadha
Success is not calculated by how much money you earned but by how much is in your control to spend that money- control over time and decisions is what defines success.
BREAKING NEWS
INDIA'S LARGEST PRECIOUS METALS REFINERY RAN OUT OF SILVER STOCK FOR THE FIRST TIME IN ITS HISTORY DUE TO HIGH DEMAND FROM INDIAN CUSTOMERS
Wow...
Read that again.
Ordered an Apple Watch Ultra 3 from @amazon & got a fake one. Seller: ClickTech Retail Pvt Ltd- tons of complaints online. Amazon still lists them. Why?I’ve shared the full video proof - this isn’t just a scam,it’s a platform failure.
#AmazonScam#FakeProduct#ConsumerRights
https://t.co/G9yvdpipkh
And the scam continues- @amazonIN wc approved that I received fake product and now they expect me to their job of managing communication for no salary. Already spoke 3-4 times. @JeffBezos read some customer tweets
#Amazonscam
@jagograhakjago@OrganicConsumer@amazonIN@Apple@MLJ_GoI@AmazonHelp The hassle just continued from @amazonIN
No one even came😀
Spending awareness- Only order cheapest things from amazon which are super cheap. Now @AmazonHelp will reply to this message asking to coordinate with customer care- according to them we dont have any work(like them)
@jagograhakjago@OrganicConsumer@amazonIN@Apple@MLJ_GoI@AmazonHelp The hassle just continued from @amazonIN
No one even came😀
Spending awareness- Only order cheapest things from amazon which are super cheap. Now @AmazonHelp will reply to this message asking to coordinate with customer care- according to them we dont have any work(like them)