Benefits and risks of money investment
The book titled "Benefits and Risks of Investment of Money" authored
by Shyam Nuwan Ganewatte is an appropriate guideline for readers who
really need proper awareness on investing money before they do so. Shyam
is a popular journalist who has been contributing many effective
articles to newspapers for a long period of time.
He has the ability for writing and submitting facts and figures in
relation to deep economic matters in lucid and simple language. A
special characteristic in his style of writing is that he delves deep
into a subject who he wishes to write on and compiles all the
information and then writes it in a moderate perspective to ensure that
the readers are not tired of reading his articles.
Investments should be done cautiously after estimating and analyzing
the risks of it. The knowledge of most of the people on investment is
fairly less; this was much proved by the amount of grievances that
people had made during the recent past in regard to their investments
and money lost. In such instances, it has become a practice of our
people to curse the government, Central Bank and those who had
influenced and pushed them to invest in certain financial institutions.
They realized the blunders that they had committed only after they had
undergone the misery; they were ignorant and did not carefully check
carefully on the security of investing and the main root causes for
occurring disasters in investment of money.
As such the basic lessons given on investment through these articles
in this book are of immense value.
The book consists of four main segments. In the first part the
readers have been informed of financial institutions which had obtained
permission from the Central Bank to function as reputed financial
institutions.
This section is dedicated to raise awareness of readers on collapse
of banking sector and rebuilding of such institutions and the lessons
that should be aware of such experience in the history of finance in
this country. It also mannerly describes as to how the authorities have
taken remedial action to safeguard the banks that had undergone severe
financial crisis. It clearly explains on the importance of protecting
banks and maintaining and rebuilding trust in the banking sector. The
writer explains that even well maintained banks could collapse when the
trust in the banks is unexpectedly declined.
The second part of this book is set apart to discuss on financial
organizations that are functioning without the permission of the Central
Bank. Through this section the writer is attempting to educate and
dissuade people who are anticipating in investing in such financial
institutions. If anybody who reads this book and is still interested in
investing in such financial institutions, then the mentality of such
persons needs to be undergone severe mental scrutiny.
The third section is trying to draw the attention of the readers and
educating them on another mishap and into which people may get addicted.
It is the pyramid system which is a dangerous catastrophe spread all
over the world. Many Sri Lankans got trapped into the pyramid system and
lost their wealth; they then pleaded with the government and the Central
Bank requesting help for return of their money.
In the outset when this system spread in the country Shyam Ganewatte
was a leading journalist who made a voice against the system through his
literature. At some instances, there were threats against his life. But
he fearlessly worked to fulfill his responsibility to people. The result
of his attempt was a gradual decay of interest of the system which had
been rapidly spreading across the country. Even today he is engaged in
monitoring on any possibility of this system rising ahead and informing
the authorities and the general public.
The fourth section is devoted to enlightening the public about the
places that public may refer to on safe investments. This section
undoubtedly would be very useful to readers.
As a whole this publication is very useful to general public and
students studying the subject. Shyam could be a clear-headed and
excellent teacher to those who are working off-track without any
knowledge on the economic society. Instead of presenting with dull data
and statistics, Shyam brings in the shape and poise of the economic
society in a simple and attractive manner to readers.
- Manjari Peiris |
