AVFINPAL- Your Financial Pal

A few months ago, I met a mid-aged man at a family gathering. After having spoken for a while, he confided in me that he would never in his life, waste his money on making investments, even in blue-chip stocks. Trust, me when I say I don't blame him for this notion against the equity investment as indeed equities can be brutal to your financial health if it isn't with proper thought, planning and guidance.  After having a brief discussion with him, I thought to myself that he must definitely be a conservative investor. Cut to a few weeks later when I met approached me for consultation, he very enthusiastically informed me that he had recently experienced a windfall of Rs. 50 Lakh from the sale of a late grandparent’s property.  However, most of that amount had already dwindled down, courtesy of investments in penny stocks, on an exciting holiday to the Maldives and rather surprisingly, on horse race betting. When I commented on the unlikeliness of this occurring the last time