A small story at Yahoo on the choice: Ulips or Mutual Funds.
(Posted in entirety)
It was the day they’d talked about 9 years ago. The first day of 2011.
“I’m on my way.”
Ganesh Raghupathi sighed. He had known Arnold would be late. But then, Arnold had two kids, and you always give that species a little more respect, and a little more time.
Arnold D’Souza was looking forward to the meeting. He walked in to the coffee shop, while Ganesh was clumsily switching on his laptop.
“Over here”, said Ganesh, raising his hand.
“Hi Guns!”, said Arnold. “Happy New Year! Let’s get started. To recap – it’s the 1st of January, 2011 and we are here to compare our retirement choices. I chose a Unit Linked Insurance Plan (ULIP) and you bought something else. Let’s see where we are today.”
“Thanks for the wishes, Arnie, and the same to you.”, said Ganesh. “Let’s see the chart:”