Last week i visited a prospective client through a reference. He shared his idea of saving & preserving money. He shared his details & my goodness; he is sitting on worth 30 lacs in Fixed Deposit!
The emotion of preserving money is great but the question is is it increasing as compared to inflation?
People still think FD as a superior option to preserve money. I would rather say, the person who has invested in FD is an utter loser.
FD should ideally contain only the amount which can be used in emergency situation.