Handling the between the Devil and the deep sea situationsWe are witnessing a massive churning in our lives. A vast majority of us are caught in the situation where we have the devil on the one hand and the deep sea on the other. For example, we are forced to spend money on our bare essentials with inflation creeping through every single item of expenditure. Inflation is the devil. But beating inflation by investing in SIPs of mutual funds or the stock market, which is an option, is the deep sea for most of us who do not know when to invest or what to invest. However, those who take risk are often unfazed when they incur short-term losses. These are people who have a safe corpus to fall back upon. And they are healthy enough with not much of medical expenditure.
There are others who are not so well off. They just take the plunge and invest a big amount in the stock market. When it goes for a six, the deep sea simply drowns them.
The trick is to play it safe and play around with very little or invest the money in sure " no loss" businesses. For example, small hotel business from one's residence. We should never go to the extreme as the deep sea is dangerous.