Be careful and avoid slip between the cup and the lipWe save money when we are earning and see that we will have some reserves to utilise after our retirement. We all should be very careful in investing this amount in various instruments like MF. FD or shares etc. We should be very alert in choosing the correct instrument to park our funds.
A friend of mine who retired recently drawn his PF amount. He gave that amount to a very well-known person who offered a very high rate of interest instead of investing it in a standard institution. After 6 months that person disappeared and my friend is in very deep trouble now.
So, I advise all the members to avoid risks in saving their money so that their retired life will be happy. We should not trust known people also in money matters. These days people are not hesitating to deceive others. So advise all to be careful and avoid slip between the cup and the lip.