Never underestimate the experience of elders
Some ordinary graduates now in their late fifties or just retired, often run into conflict when it comes to investment at the hands of their sons or daughters, each of whom would have tasted all that is so good about metropolitan life and tend to believe that any investment in any other place is a sort of criminal waste of time and money.Around one hour ago, a friend of mine, now settled in South Tamil Nadu, narrated his story. He had retired some five off years ago. He offered to give five lakh rupees from his retirement benefits to invest in a plot in Tiruvannamalai, a highly sacred town some two hours from Vellore.
His IT professional son then invested in a flat in a prestigious locality of Chennai, for eighty hundred thousand rupees. Today, when he wants to sell the flat, there are no takers for the one crore plus that he is quoting, for the simple reason that there are new flats coming up for the same amount.
The father's investment has more than doubled and the rates are increasing every single day. The father was right, as the town was expanding. The promoter takes care of the plot, as he is a good friend.
Yes, the elders have a lot of common sense too. Today, the tier 2 and tier 3 cities are expanding at a great speed and the results are there for all to see. Never ever underestimate anyone is the biggest lesson.