Ace investor Shankar Sharma shared unconventional investment advice, emphasizing security over stock market risks.
He advised his sister and brother-in-law, who live in a small town, to avoid stocks and mutual funds. Instead, he suggested allocating funds into fixed deposits (40%), gold (30%), and land (30%), ensuring financial stability for 35 years.
Sharma highlighted that his family became wealthy without understanding complex financial terms or global economic events.
Their stress-free success contrasts with market traders who constantly follow economic trends. His advice promotes simplicity in investment decisions rather than chasing market volatility.
While some argue that trading can be highly profitable, Sharma attributed major market gains to luck. He noted that very few investors make significant profits consistently.
He warned that long-term success in investing requires favorable market conditions, making it an unpredictable path for most individuals.
