Time to consolidate on whatever we have as AA couple of my friends are reported to have lost some one lakh rupees each after their disastrous attempt to make money through the stock market. I had advised them to park their funds in a good Mutual Fund with assured returns. They would not listen, calling me "old fashioned". Today, their wives are furious. Sadly, these guys do not know anything about the stock market. Some fellow told them that it is "extremely easy" to invest in the stock market.
I knew that they were wrong. Those who dabble in it have a background or take the advise of good and knowledgeable person. Today is the time when we need to consolidate on our savings. We need to control our expenses. One guy, with just five years of service left, wants to go on a tour. He has already lost money. It is unwise to venture out now, since the virus scare is still not ok; there are heated arguments in every family these days. It is just not prudent to take any drastic decision now. Let us be prudent.