In case you do not know about Saina Nehwal, she is an ace badminton player, former World no. 1, currently no. 2. She has represented and won for India in several tournaments and won the first Olympic medal for India as well. She is a sportsperson par excellence.
Recently, she gave an interview to Economic Times on her investment preferences and style. Here is a link to that interview.
I was shocked and devastated to read it.
Well, you might say it is none of my business as to how she invests money and probably you are right. But when the same is published in a national newspaper with wide reach and influence, I do tend to get worried.
My first worry starts at the sub text of the headline that says “Saina Nehwal advises savers to put their valued income in LIC or FDs as she finds these two are best options and are also hassle-free.”
Her personal investment style has been made to sound like a gospel for the general public. It is not.
Moreover, her investment style comes across as unthought of and random. I wonder who her investment advisor is!
I am taking up two big points she mentioned in the interview and help you (and hopefully her, if she reads this) see the truth.
