FIVE rules which an INVESTOR should follow
Rule#1 Use Banks for financial transactions, short term cash management and credit management.
Rule #2 Use Insurance to cover the risks.
Rule #3 Use Gold to hedge your currency (i.e. Rupee).
Rule#4 Use Real Estate for consumption (Residence) or regular income (rent).
Rule#5 Use Capital market to create long term wealth.
But Unfortunately, it happens otherwise. People tend to use Banks and Insurances for investments, Gold for consumption (Jewelries), Real Estate for long term wealth creation and Capital Markets for speculation and short term gain.
Needless to say, why they fail to create wealth.