Laying on the Hospital Bed, I could have written a tragic story as to why me?
“I don’t smoke”
“I don’t drink”
“I don’t eat non veg”
“I maintain a strict diet”
But, fate is like that..It can be very cruel.
Thankfully, it has given me another shot at life.
Hence I thought why not write things which I have learnt from the Hospital Bed
We Financial Advisors are always tuned to be ready for ANY emergency and keep telling our clients the same.
But, when that Emergency hit ME, it was nothing of a shock.
What started with a small pain in the chest led to a “just to be safe” check up….one thing led to another and lo! within a couple of days my Heart was injected with STENT!
Life can change in a jiffy!
Laying on the Hospital Bed, I observed many things which gets connected with our Financial Plans and here are some of those musings.
As I came down after climbing the Tirumala Hills, I didnt have discomfort but the next morning, immediately after breakfast…I started feeling Stomach Heavy and a very light Chest Pain.
I asked the ISKCON people for guidance and they guided me to REDDY & REDDY colony.
Now, this Reddy & Reddy Colony has about 1200 buildings and every single building (repeat, every single building) consists of
- An Hospital or
- A clinic or
- Diagnostic Centre or
- Medical Shop or
- Ayurvedic Centre
et al……..every single building had some kind of a connect with Health!
Never ever seen or heard of anything like this before.
Finally, went to the Doctor recommended by the ISCKON people. The Doc immediately did an ECG, gave a tablet and said “Mr.Srikanth, you can go back to Bangalore now..but do get a complete check-up done there”.
And I was off!
CONNECTING WITH INVESTMENTS :
With so many many doctors, hospitals, I could have easily lost my place and gone to any kind of a quack but thankfully I chose the one recommended by ISKCON and thus landed safely in Bangalore.
Likewise, there are so many many funds. You could easily choose A WRONG FUND and lose your capital forever.
Its best to stick to a Advisor and his choices
- NAMAZ AND PRAYER :
As I was waiting for my turn for the check up, the Doctor was examining two friends and said “Tum Muslim Ho? To Roz 5 Baar Namaz Karna Padega…Isse Dil mazboot ho ga” (“You are a Muslim? Then you have to do 5 times Namaz….this will make your Heart Strong) and turning to his friend said “Tum Jesus Ko sirf Sunday Yaad karne se kuch nahi hoga….Har Roz Pray Karna Padega” (Remembering Jesus only on Sunday isnt enough…pray daily)
This is TRUE SECULAR INDIA. A Hindu Doctor….she could have talked about Bhagwad Gita but she did what is good for patient and will ACTUALLY FOLLOW.
When an Advisor gives you advise to invest in Emergency Fund or an Insurance….he is interested in YOUR growth.
Some advisors may not be able to effectively communicate but you as investors have to get the INTENT behind the advice and follow them.
- PRAYING FOR SOME MORE TIME:
Right opposite my bed lay a 60+ patient and throughout the night he used to call out to God “Hey Prabhu….Sirf 6 maine Aur de do….Phir mujhe Utha lena” (Give me just 6 more months and later take my life)!!!
While the matter is definitely sad, its also comical that almost every person on a death bed has the similar prayer. Just step back and try to recollect…isnt it??
Now, at least in terms of financial goals, we can be PREPARED for such eventuatility.
Expecially, good Advisors ensure that they underpromise and overdeliver.
Meaning…if a goal requires say about 25 lakhs….advisors tend to play safe and provide for 20% back up at 30 lakhs which a Self Advised (Direct Investor) will not.
Even in terms of returns too, more or less same pattern is observed.
So, at least Financially, a Good Advisor will ensure that you are prepared for any Eventuality/Goal much ahead of its actual requirement.
- 2 Patient, 1 Attendant
Each patient was allowed a personal attendent (family member/friend).
My wife revealed that she observed that 2 Patients in another ward had only 1 single attendant!
Now, this attendant had a tough time managing to look after both the Patients (husband and brother) all at the same time…be it feeding the patients, bathing…all in that limited time period. She was not able to concentrate on either of the patients fully. Sad.
2 takeaways actually.
- Have seen many investors have 2 or 3 advisors “just to be safe”. this is ridicilous!! Stick with 1 Good Advisor and it should be find otherwise you will only be confusing not only your yourself but even your advisors.
- Have seen many investors invest in funds suggested by a Good Advisor with small amount and then going DIRECT and invest BIG to save expenses. Another bullshit idea!
Its a Plain PAISA WISE RUPEE FOOLISH startegy. The Calculations, et al could go for a toss and you could well land up in a mess.
Stick to 1 Good Advisor and he will guide you to your Goals.
- HELP FROM ALL
Thankfully, almost the entire hirerachy of the Hospital were known to me. (Some of them were my investors, some friends, and most importantly, some close relatives).
This ensured that I was looked after well and extreme care was taken to ensure that I recovered as quickly as possible.
When it comes to investments, it makes sense to have all kinds of asset classes and all kinds of funds in your portfolio.
Your portfolio should be truly diversifed!!!
Depending on the risk profile and time horizon, you need to have an
Equity Fund (inevitable)
Small Cap, Mid Cap, Large Cap
this ensures that when the time comes, each and every single fund will ensure that you are SAFE truly.
My Health Insurance ensured that the LEAST of worry for my family was the HOSPITAL BILL.
I had myself sufficiently covered from my health Insurance from APOLLO MUNICH.
the claim was settled cashless and my family did not even have to call any Apollo person.
What this means is…..any expenses spent on Insurance is NOT A WASTE OF MONEY.
Finally, if you have observed, in the beginning of the article I have mentioned about a CHECK UP….
Due to this Check up…the problem was deducted and my life was saved.
Similarly, do not wait for a Financial Emergency to hit you and then go running to a Good financial Architect…..do it right now!
The earlier the better for your portfolio to get corrected and help you achieve your goals.
All those GET WELL wishes, you people have sent, will surely make GOD think twice of sending me to an hospital purely for the large number of wishes.
God will surely envy my well wishers.
Thank you friends.
About the author:
Srikanth Matrubai has been an active investor & advisor in the Stock markets since 1991 and hence is hugely experienced having witnessed the Bull, Bear and Flat Markets.
Srikanth has been highly proactive in Social Media promoting investments in Equity Markets via the Mutual Fund route as he believes that Mutual Funds are the best mode to generate Healthy returns.
Srikanth Matrubai is an AMFI Certified Mutual Fund Advisor and a certified IRDA Corporate Broker and is pursing CFP
He regularly contributes with his insightful writings to various websites like Advisorkhoj, CafeMutual, IFA Insights, Bank Bazaar on various topics ranging from Mutual Funds, Insurance, Personal Finance,etc