India Posts, July 06, 2022
The elegance of MLAs entices people. The figure of his wealth increasing in one election after another is astonishing. This is known from their affidavits which they give before going to the polls. It has been seen that real estate is their preferred investment option. Experts say that this is a big weak link. Due to this, the money of politicians and MLAs is not able to be quadrupled day and night. The truth is that if you adopt the right method of investment, you can become rich faster than your legislator. Maybe you can’t believe it. But, it is possible. Here we try to explain it to you with statistics.
Understand the power of stock market
Experts insist that among all the investment options, you cannot get more returns than equity. Today the Sensex of Bombay Stock Exchange is 53 Hazari. Many expect it to reach the level of 2 lakh in a decade. That is, your returns can increase manifold in 10 years. Such returns have been received in the stock market in the past as well. It is true that with the stock market comes risk. But, if you invest over a long period of time, this risk reduces in the same proportion. One should never invest in the stock market from a short-term perspective. You must have at least 10 years time in your hands.
You can save lakhs of rupees in tax through HRA and NPS, know what is the way
Why are MLAs not role models?
You are called a successful or brilliant investor only when your assets grow faster than other investments in the economy. Considering this as a measure, most MLAs who contest more than one election are not investment role models. This is revealed by analyzing the asset data of the candidates who have won the re-election. Advocacy group ADR has presented these figures.
Comparison of ADR’s data with major investment indices reveals a strong correlation of legislators’ assets to the real estate market. These indices include RESIDEX of National Housing Bank, Sensex of BSE and data of MCX Gold.
In fact, the asset portfolio of most MLAs is dominated by property. Due to this imbalance, everything depends on the property market as compared to other investment options.
Saving Tips: Even when there is a massacre in the stock market, this scheme will give you better returns
MLAs increasingly love real estate
The wealth of legislators increases rapidly when the real estate market is booming. Also Sensex and Gold are giving marginal returns. States like Maharashtra, Telangana, Madhya Pradesh, Odisha and Jharkhand have seen stable returns in the real estate market in the period between the last two elections. Instead, the stock market’s returns were modest. In such a situation, the legislators had silver. That is, his investment proved successful. Real assets (Assets of MLA) in Odisha gave the highest return of 138.6 per cent during this period.
You can beat them in the fast movements of the market
Now let’s talk about the states where the last two assembly elections were held during the market boom. These include Karnataka, Andhra Pradesh, Gujarat, Rajasthan, Assam and West Bengal. In this case the stock market proved to be the winner.
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