June 02, 2008

 

How to lose money - the boring way.

You can lose money, if you have enough to begin with that is, in lot of fun ways. You visit the casino in Macau and lose to glory. You can trade in stock futures and options, speculate on commodities, take punt on currencies, etc. These activities may not be as much fun as casino, but you can no way call them boring.

The boring way to lose money is to put deposit in the bank. Seriously. With inflation officially crossing 8% mark, which I strongly feel is understated, it has crossed the 1-year interest rates on fixed deposit in some of the banks. This is not to suggest that one should go on spending spree. The old wisdom of saving for the rainy day still stays valid.

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