NAUGHTY or NICE? The question that traders pose to the experts in derivatives. Are these devices clever ways to disperse the risk, making the financial system safer? Or are they "financial weapons of mass destruction", in Warren Buffets phrase, that are poorly understood and dangerous boosters of credit? What is your take on these? questions? How do you interpret the significance of derivatives?

Consider your own example for setting a robust financial plan. Without mentioning your soft credentials, prepare a financial plan for yourself. Consider you would need 4 crores for your retirement considering your life style, children education, health expenses and other contingencies. Please do consider inflation factor, tax liabilities and time horizon and age factors in your financial planning.