Overcome Loss Aversion – Do you keep your money idling in bank accounts, assuming it safe???
Value of Rs. 1 lakh in Savings Account in 2007, earning 4% per year is equivalent to Rs. 69k in 2017.
The value of Rs. 1 lakh lying in a savings account since Sep’ 2007 would be Rs. 1.48 lakh today, but it should have grown to Rs. 2.43 lakh only to match inflation.
