Five mistakes to avoid in a parent’s best investment
Many parents would start worrying about the child's higher education costs only when the child had decided the career she would like to pursue and the country to study in
Ask a typical Indian parent what her best investment is, and most probably the immediate response will be an energetic, ecstatic “my child’s education". A few years ago, meeting the needs of the child gained even greater priority than providing for one’s own retirement, but thankfully, this trend is correcting. Like all investments, this category comes with its own risks or mistakes that the parent makes. When emotional factors hold sway over an investment decision, they are fraught with risks as these examples will show.