Next location was Sanjay Gandhi hospital for accident. The doctor had gone for breakfast and we were told to wait for few minutes. We kept on bugging the receptionist/ nurses/ any hospital staff every 5 minutes to ask whereabouts of the doctors. Finally after waiting for over an hour, the doctor was still not back from his breakfast. He must be a glutton! But we wondered that it was an Accident care institute. Putting an end to our patient wait we got the address of the next location where we could have our work done.
Stocks (and hence mutual funds) are often sold as something that give "assured" long term returns over a period of time. While this has been true for most of the times, and all time if we consider a long enough time horizon in India's recent history but is this always true? Can it be possible that stock markets can give lesser, say 10% returns over next 10 years? Or 5 percent annual returns? Or, taking inspiration from Nicholas Taleb, a black swan event happens and your end up barely recovering 80 percent of your principal amount (i.e. 20 percent loss) - Theoretically yes. Hopefully no. I am not a predictor of future, nor are thousands others who claim to have more than 1000% percent surety of future events. So, if you are contemplating taking a personal loan @ 12% for some financial need and want to be invested in a mutual fund for "assured" 12 / 15/ 18/ 25 percent returns, maybe you need to rethink. If you want to borrow money @ 12% just to inv...
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