Thursday, February 27, 2014

BRIC & MINT

Couple of years ago they said "watch out for BRIC (Brazil, Russia, India, China)". Thousands and thousands rushed  to invest in "dream schemes". Thousands of so called "asset managers" became rich and richer.

Now they say "watch out for MINT (Mexico, Indonesia, Nigeria, Turkey)". No doubt, many more thousands and thousands will rush to throw-in their money into these "dream schemes".

The greedy "asset managers" successfully dangle the  "tax exemption" carrot and even show you a glimpse of that huge returns you would get at the end of investment term! The gullible investors fall prey just to avoid paying few thousands of rupees tax to the Government!

It is said that we learn from our mistakes but do we really learn!!!