Our Portfolio Doctor has discovered a new epidemic. No, it’s not dengue or chikungunya. It’s financial hypertension. It has struck across India, spanning all age groups, afflicting all professions. Indians are richer than ever before, yet also more anxious than ever about their financial health.
In the inaugural issue of MONEY TODAY, we dedicated two pages to analysing the financial portfolio of a typical urban Indian middle class professional. We sought details of the financial assets and liabilities of Mumbai-based software professional Harish Menon. Our Portfolio Doctor diagnosed Menon’s financial health (asset allocation) and found some critical deficiencies. We prescribed what we thought should be his ideal financial portfolio. To our surprise, within days of the magazine hitting the newsstands we were flooded with requests from readers to examine their finances. People bared highly personal and confidential details—their investments in stocks, mutual funds, insurance and their financial liabilities like loans and expenses. We are humbled by the trust readers have placed in us at such an early stage of what we hope will become a permanent relationship. We will treat the details of their finances with seriousness and responsibility and get back with the best advice we can provide—in our magazine and on our fledgeling presence on the Net. The outpourings of financial anxiety proves the desperate shortage of credible financial advice—a malaise we hope to help you cure.
A proof of our claim is this issue’s cover story. Real estate has created more multi-millionaires in India than any other investment—ever. Our story not only explains how this wealth machine has worked so far, but also provides you pointers on how you can benefit. We also explore new facets of real estate investments— reverse mortgage and real estate mutual funds.
MONEY TODAY promises to deliver to you at least one editorial innovation every fortnight—articles and analysis that not only set new standards in form and content but from which you can also profit. It’s perhaps unfair to draw your attention to a particular section in a magazine that is all new, but don’t miss the section on “Career As Asset”. It tells you how to invest in your career—often your biggest asset. If it doesn’t give us higher returns year after year, we can’t create any other asset. “Brain Trust” is another page you must not skip. Some of Dalal Street’s best wealth creators share their best investment strategies—and their mistakes, with us. We would be happy to know what you think of our prescriptions. This doctor is always in.