What is the worst financial advice you have ever received?
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The worst financial advice I got was to intentionally get myself in debt so it would “motivate” me to sell more.
— Make More Money :chart_with_upwards_trend: (@incomenator) February 1, 2022
Just stupid.
The worst advice I got: Don’t invest in Crypto. 😂
LIC krwa lo 😝
Sell and book loss and then buy again
Don’t invest in stocks! Save karo.
Yes bank grow kr rha h, share pick krle
These things are easy to say in retrospect. This bank was on way to overtake HDFC in every way possible – be it savings, loans, advances, cards, features, service. Starting 2017 though its account books were showing signs of clouds & cover ups. A few not-so-well -known blogs tried to forewarn the customers but nobody would listen. In 2018-19 it covered up 3K Crores of NPAs – Money laundering doesn’t just crop up overnight or in a quarter.
I actually wonder the role of these credit agencies, be it ICRA or CLSA or Moody’s etc. All woke up to the news of RBI putting the Yes bank on leash and suddenly downgraded all ratings from positive to negative within 3 hours! RiP “research”.
Buy ULIP because returns are tax free
you can make 50000 to 1 lakh per day by trading in the stock market
I don’t tell that advise itself is wrong but it became worst in my case
if I was not awear of futures and options I could have saved a lot of money in investment
Invest in mutual funds.
Why is that bad ?
LIC is the best option for 80C investments.
Worst advice – Invest in stock market. I lost most of my money in stock market. Franklin, Yes Bank, Ruchi Soya, Central bank. These were my major investments. All gone down the drain. Every single one.
Don’t Fall Into Debt Trap
1.“Stay away from credit cards”
2.PPF is the best investment
3.make FD madness
4. dont take any product from private bank as they will run away
5.dont take more then debit card ,bank account
6.sharemarket are bad
7.dont shop on credit as u will fall into debt trap
8.SBI BSNL and other govt PSU take there product like hot cake
- People who don’t understand credit cards and have habit of spending money they don’t have suggest such things about CC.
- PPF is not the best but the EEE status makes it lucrative even with not so great 7.1% (for now) interest rate. I still invest 1.5L per year for myself and wife.
- FD is usually done by people who want to keep some corpus in relatively safer instruments. So it is ok to invest in FD but not like everything.
Buy a car and attach it to Uber. Loss 3.5 lakhs 
I invested money in SIP instead of property… Now after 5 years SIP gave what it had to give while property saw a lot more boom plus the rent was also missed. In case of home loan you get Income tax exemption as well for loan taken… Think wisely and take time and then only take action.
For tax redemption, you need to pay 2lakh interest and you get max 60 back.
80c is gimmick, it becomes full by pf and one policy.
SIP (ULIP) is a good potion since you don’t have to invest lumpsum, you keep investing monthly and post 15 yrs that amount accumulated is huge, and you get benefit of compounding interest and rupee cos averaging + returns are tax free in 1010D.
To buy a 1 bhk flat in pune you spend at least 50 Lakh, even if you spend 20L out of pocket and rest loan you pay a lot in interest.
SO after 15 years your 50 Lakh worth flats accounts to be 75 lakhs at least, which is the evaluation of your flat at that time. Why would someone buy a used flat at 75 lakhs if he is getting a new one for 80 Lakhs. Rent you might get is 10k per month and that gets added to your tax slab, do consider that.
yes, if you are looking to buy yourself to stay and not to rent then it is worth to buy or else I don not see point in investing and paying interest.
If one is brave enough he should invest in Land or Physical gold.
OR: If you are earning in a country (KSA, UAE etc), like me, where you don’t pay income tax, then it is a whole different story. TIP: Buy a property and take max gain loan or any other overdraft loan and you save on interest (you have to plan this very smartly). But here you should double your investments in SIP’s
Maxgain is good but TL either is also not bad, if the asset has potential-
1.for 0.25 to 0.30% return in the form of rent in residential and higher in commercial, many apartments are also used as offices, clinic etc.
2. the property worth 50 L today, will cost 100 L after 15 years, others things being same means new one to compare with new one. But urbanisation in next 15 years should provide facilities like metro, mall etc. or if if is already such busy area, it will be demanding. this is normal appreciation, if buying price is correct and not looted by builder or not taken 7-10 years to deliver. Better would to buy ready to move property.
3. Financial advisors are always against real estate, they want you to put money in MF, stocks, Bond, InvIT, Reit, FD, PPF , and what . insurance investment.. , WTF.
Anyone using Grip or HBit ?
It is to buy LIC Policy
Gold me invest mat karo.
Invest in crypto; soon u’ll be competitor of Elon musk
First and aakhri ipo advice, “cartrade ka ipo lele bhai” 
Bhai mera paisa aadhe se bhi kum ho gaya hai car trade ke IPO se. Still deliberating jo mile bech doon ki nahi. 14K types kiye the, under 6K hai ab.
Investment in crypto 
FD 🤣
I am not sure why you are saying it is worst. I mean, from diversification perspective, why would someone not consider FD. Not like a large part of portfolio but some section at least.
Also, for people who don’t have much knowledge about other instruments, FD is the only option. My father in law is one such.
Don’t ever borrow money for investment or you will regret
To buy lic ipo share 
After reading the comments….it seems different people have different investments which worked for them.
Yes Bank is a multi bagger…. 
Cartrade me IPO apply karo. Acha company hai, Mast listing gains milenge. Listing gains chodo, Jo paise invest kiye the woh abhi 50% se zyada chale gaye
invested good ammount in zomato