Having retired more than a decade ago, I often look back at the investment choices I have made in my life. Times were much simpler when I started out as a government employee. Risk-free saving schemes were far more rewarding and there were not many options to choose from while investing. I had invested small amounts in the national saving certificate scheme early on in my professional life. They used to double in five years back then and I just used to reinvest the amount that matured after five years. So by the time I retired after 40 years of service, I had reinvested in my NSCs eight times. This meant that even a 1000 rupee certificate turned into 2,68,000 through repeated reinvestments!
During these four decades, the value of land increased many times more than those NSCs. So did I miss out on the nation’s growth by playing it safe? Should I have diversified a bit more, albeit within the limited options available? It’s for you to decide. As for me, I am not complaining about the return that I got, as it covers my retired life well and truly.