I conducted a one hour session on Retirement planning for the retirees of Bharat Petroleum Corporation Ltd., (BPCL). After listening to my ideas on long term financial planning for security with growth, one of the participants asked this question;
'Sir, you are asking us to plan for the long term. But, they are saying the world will come to an end in 2012. So how to plan now?'
I looked incredulously at him honestly believing that he was joking. When assured by him that he was serious, I replied,' sir if the world ends on 21.12.2012, it's better to go short November 2012. If the world is destroyed, it doesn't matter anyway. But if due to the panic-mongering markets drop drastically, you stand to make a killing!'
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