look news india
At a time when the stock market is making new records every day and everyone is talking about new ways to make money fast, one of the country’s most respected and successful industrialists, Zoho founder Sridhar Vembu, has placed his bet on an old and trusted thing – Sleep,
Sridhar Vembu has made a post on social media, which has started a new debate in the world of investment. They have clearly indicated that when it comes to safeguarding your wealth in the long term, there is no comparison to gold.
Why does Vembu have so much faith in gold?
Sridhar Vembu in his post did not directly advise anyone to buy gold, rather he advised a well-known investor and expert. Lyn Alden Shared one thing. Lynn Alden believes that history has shown that in the long run most investments either collapse or their value becomes zero, but gold has maintained its shine and value for thousands of years.
This simply means:
The company which is the hero of the stock market today may not even have a trace after 50 years. Currencies of countries change, governments change, but gold still remains gold. It does not depend on any country or company, that is why it is considered the safest.
Should the common investor accept this?
When someone like Sridhar Vembu, who has built a billion-dollar company from the ground up, says something, he is taken seriously. His post is a big lesson for those investors who invest all their money in risky investments in order to get rich quickly.
Vembu’s point is that do not make the mistake of considering gold as just ‘jewellery’. This is the part of your investment portfolio that acts as a ‘safety net’ in bad times. When the stock market falls or there is an economic crisis in the world, gold prices often increase. This protects your wealth from sinking.
This advice of Sridhar Vembu is not a short-cut, but a solid and tried path, which shows that making money fast is not as important as keeping the hard-earned money safe.