Letters to the Editor

Money Today readers give their feedback on the magazine's coverage
     Print Edition: May 2014

Money Today readers give their feedback on the magazine's coverage -

The cover story of April 2014 issue (Busting stock market myths) managed to bring out some of the common mistakes made by investors while investing in equities. It is common for investors to be driven by market rumours. I also made similar mistakes in the past when I took decisions based on single strategies such as buying when promoters were raising their holding or when institutional investors were buying into a stock. Having learnt my lesson I now invest only after tracking the stock for a while. I have also started investing in equity mutual funds as it seems a safer route compared to direct equity investments. - RAMESH BHARGAV, Thane

I have been planning on buying term insurance for quite some time. I had read that online term insurance policies were considerably cheaper than their offline counterparts. However, despite trying a couple of times, I had to abort midway since I had no clue how to answer some of the questions, including personal details and those about one's habits. But after reading your story (Handling Detailed Interrogation, April 2014), I was able to complete the necessary procedure without any hitch. Insurance companies should have an FAQ page on their websites to ensure that prospective buyers are not turned away. - VIRENDRA SHARMA, Delhi

After reading your story (Bull's eye, April 2014) I am now considering investing in focused funds. If the markets rise in the coming months as predicted, stocks of good companies stand to make decent gains. In that case, focused funds should do better than many other funds since they limit their exposure to on a handful of good companies. However, given that a number of such 'predictions' fizzle out in no time, I have decided to limit my exposure to these funds and stick to diversified funds for my core investments. - SHALINI, Patna

Real estate companies often lure buyers with false promises or by offering deals that they are not able to honour. One such scheme to attract buyers is the buyback scheme (Assuring Decent Gains, April 2014) where developers offer prospective buyers that they would buy back the property at a premium to enable investors to exit with a profit should there be a slump in prices or prices. However, such schemes are normally offered on properties that the developers are unable to sell and hence should be avoided. I would also like to add that such fraudulent practices only increase the need for a regulator on the lines of IRDA for the real estate sector too. There are way too many companies that trick buyers through various misleading marketing strategies and it is only fair to expect the government to act against such companies. - MANSI SHARMA, Mumbai

(Write in to us at: letters.moneytoday@intoday.com)

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