One of the biggest disadvantages of being in high-level Government service is that one cannot invest in stocks. The reason for this is because one is privy to sensitive information and that there is likely to be conflict of interest.
Nobody knows this better than Arun Jaitley, the Hon’ble Finance Minister.
During his tenure as a top lawyer in the Supreme Court, Arun Jaitley amassed a fortune of several tens of crore. As of 31st March 2016, Jaitley’s net worth is an impressive Rs. 68.41 crore.
Ever since he was hand-picked by NAMO to be the Finance Minister, Jaitley is confined to investing his wealth in junkyard investments like fixed deposits, realty, gold etc. Equities are a no-fly zone for him.
The compulsion to invest in non-equity related investments has cost Arun Jaitley dearly. The ET reported that he has suffered a meltdown of Rs. 2.83 crore in his net worth as compared to the position in the last fiscal year.
Vijay Kedia is known to be an evangelist for stocks. He never misses an opportunity to inspire and advice us to invest in stocks. He also goes out of his way to spoon-feed us with top-quality stock picks from time to time.
Kedia couldn’t resist the opportunity to advise Arun Jaitley:
Arun Jaitley sees personal assets decline by Rs 2.83 crore in FY16https://t.co/32lBVe6CKb@arunjaitley Sir, you need to switch to shares.
— Vijay Kedia (@VijayKedia1) July 2, 2016
Kedia had an impish smile on his face when he made the tongue-in-cheek comment.
One can well imagine Arun Jaitley also standing with a rueful smile on his face that while his own policies are creating enormous wealth for shareholders, he is unable to participate in it and has to suffer the ignominy of seeing a meltdown in his net worth!
NO politician has ever suffered melt down in assets. We should wait till his term ends
we can add some 000’s by end of tenure
This is his wealth which stands in his own name. Like most politicians from traditional political parties, he too will have some family members or other people fronting for him with undeclared wealth and that can easily have a lot of investment in shares. How else crony capitalists settle the consideration for favours received from politicians?
#Niveza #Review :: Commenting on politicians wealth could be really a fun game. If the wealth is on decreasing side, is really mind boggling. Indian politicians are having a good history of hiding their property details and when some case comes up, their property gets disclosed with multiple folds. Hopefully our Finance Minister is showing everything fair and correct.
Source :: Stock Market Tips
As a Finance Minister, whatever decision he takes influences some companies. Therefore, prudently, he stayed away from share market. Other investments may go up or down but but in books, they stand at constant value, except a few cases like gold. No revaluation is done for other assets like land. That said, Jaitleyji has done the right thing as Finance Minister. I appreciate his stand.
When jaitley s wealth is known why chidamparams wealth is still not public. Can somebody throw little light.
sir,
can i buy the following stocks at CMP? pl. advice me.
1. UNITECH
2. JP POWER
3. ALOK INDUSTRIES
4. JP ASSOCIATES
5. SUZLON ENERGY
6. WELSPUN INDIA
your cooperation is highly solicited.