The program started with beautiful thoughts of Warren Buffet such as “Do not save what is left after spending, but spend what is left after saving” and “Never depend on single income, make investment to create a second source”.
Mr. Esmail Colombowala advised that investors should always invest in assets with his/her specific financial goal in mind. There are many options available for investment such as Property, Bank deposits, Gold, Stocks, Bonds, Insurance and mutual funds. He said there should be proper asset allocation, and one should invest after taking into consideration inflation rate, possibility of capital appreciation in value and cost. Further he discussed how to calculate returns on investment, how to recognize our money is appreciating or depreciating in value and impact of inflation on income and savings. He discussed various relevant contemporary examples.