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Archana

Archana Deshpande  |31 Answers  |Ask -

Image Coach, Soft Skills Trainer - Answered on Feb 26, 2024

Archana Deshpande, the founder of TransformMe Life Skills Coaching, is an image consultant, soft skills trainer and life coach.
She has been working with individuals and corporate organisations for more than 10 years during which she has helped professionals and students improve their soft skills, build confidence and enhance self-esteem.
An engineer from the PDA College of Engineering, Gulbarga, Archana had a successful career at Reliance Communications. But she has always been interested in teaching and training people. So she pursued a postgraduate diploma in teacher’s training at Pune’s Symbiosis Institute of Management Studies followed by teaching assignments in schools at Visakhapatnam and Mumbai.
Archana also holds an international certificate in image consulting and soft skills training from the Image Consulting Business Institute, Mumbai.... more
Asked by Anonymous - Feb 23, 2024Hindi
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Career

My 12 YO is very good at studies, art and craft. However when it comes to presentation and communication skills, he fumbles and gets nervous on the stage or whenever he has to present something in front of an audience. For example, he is unable to perform well in skits, story narration and tends to forget whatever he has learned or rehearsed. It is affecting his confidence. Is this normal? How can I help him?

Ans: Hi!! First of all congratulations ,let's celebrate the fact that your son is good at studies as well as art and crafts! You'll be shocked to know that a vast majority of people in the world rank public speaking as their number one fear, your son is just 12 yrs old ,a little nervous while presenting and communicating in front of others! First and foremost, all this is normal, you have to deal it with sensitivity and help him address and overcome this fear and anxiety, it will take time though, do some research or hire a communication skills expert/public speaking expert to help him become confident in this area of his life! Having helped ppl become good public speakers and good communicators I know it can taught and can be learned. However pls go slow,(sometimes it can take months of practice) make him learn 5 lines and narrate it to you. Once he gains confidence and narrates this flawlessly, then increase his difficulty level. You have said that he fumbles and gets nervous in front of an audience, till he gains his confidence in this aspect of his life give a break to performances to large gatherings. Let him perform within the family first, then to an extended( but encouraging) family. then to larger group of friends and family and then maybe after a yr or so he can perform in front of a large audience. Ensure the script you give him is well woven together and has words and sentences which he can understand, this way it is easy for him to recall and narrate. Also remember every interaction is like a public speaking exercise, so whenever he is narrating something, let him talk fearlessly, don't interrupt, don't correct while he is talking. If he is good at studies then definitely he has a good memory and is intelligent . Fumbling and forgetting lines while performing is due to anxiety. Help him to relax before a performance, breathing exercises and visualization will help. He will require lots of love, encouragement , support in order to regain his confidence first and then become good at public speaking. Let him take his time, show a lot of patience, and with an encouraging parent like you he can be a good public speaker. But if it doesn't work out, it's ok, give a break to it. Start focusing on his strengths, give him lot of positive strokes, let him gain his confidence back and maybe you can give it a shot few months down the line. Wishing you both the very best and HAPPY PARENTING!! Have fun with your child.....let public speaking be a fun activity too...
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Mam, my son has just completed his 12 class in commerce stream. His self confidence is low and in exams he failed to give his 100% and score low marks than his capability. His is also careless in studies. please guide how we can help him and how he can improve on this. We are very much disturbed due to this. Please help...
Ans: Dear Lakhbinder,
That age is a very confusing time for youngsters as they not only have to deal with the expectations of the school and parents but also 'fit in' with their peers.
It is natural to be defocused from academics and not do their best and I do understand your worry especially if he is aiming at a highly academic course after Class 12.

In my experience, working with youngsters, this is what I have understood:

Youngsters are not careless with their studies without reasons.
- They are doing a course which they were forced into or don't have an aptitude for
- They have immense pressure at home and school to perform
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- They have a lot of unwanted influences through chat apps and social media apps
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- They are simply giving into their rebellious streaks given the age

It could be any of the above. Do identify and if there are things as a parent you can do, kindly step in NOT as a friend but by being more accepting and FRIENDLY. If it's about focus orientation, seek an expert who in one session will be able to help him through re-training the mind hacks which are simple to follow with amazing results.

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Ramalingam

Ramalingam Kalirajan  |1763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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Hi, I earn 1.5 lakh/month. I want to know what all investment should i do in balanced form(PPF, NPS, SIP). I majorly want to know what mutual fund to pick for long term (kind name the fund i should pick). Also I have 15lakh lumpsump in acc, so where should i invest it for better return
Ans: It's great to see you taking a proactive approach to your finances. With your monthly earnings of 1.5 lakh, you're in a good position to build a balanced investment portfolio. Let's explore your options!

Starting with mutual funds for the long term, it's wise to consider actively managed funds recommended by a Certified Financial Planner. These funds offer the potential for higher returns compared to index funds, which may be limited in growth.

For a balanced approach, you could allocate your investments across different types of mutual funds, such as large-cap, mid-cap, and small-cap funds. This diversification helps spread risk while maximizing growth potential.

Now, regarding your lump sum of 15 lakhs, you have several options for investment. You could consider investing in a mix of mutual funds, including equity funds for long-term growth and debt funds for stability. Alternatively, you might explore other investment avenues like Public Provident Fund (PPF) or National Pension System (NPS) for tax benefits and retirement planning.

When choosing mutual funds, look for those with a proven track record of delivering consistent returns over the long term. Consider factors like fund performance, fund manager expertise, and expense ratios before making your decision.

Remember, it's essential to align your investments with your financial goals, risk tolerance, and investment horizon. Regularly review and rebalance your portfolio as needed to ensure it remains on track to meet your objectives.

By investing wisely and staying disciplined, you can work towards building wealth and securing your financial future.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam Kalirajan  |1763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 25, 2024Hindi
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Money
I am 24 years old and I want to start investing in SIPs. I want to retire by the age of 40. Considering that I had budget of 15k which I can push in every month into SIPs and I can increase the amount by 10% every year, which funds would be appropriate to achieve my goal?
Ans: Starting early and having a clear goal like retiring by the age of 40 is a great ambition! Let's tailor an SIP investment plan to help you achieve this objective.

With a budget of 15,000 rupees per month for SIPs, you're off to a strong start. By increasing this amount by 10% each year, you're leveraging the power of compounding to maximize your returns over time.

Considering your goal of early retirement, it's important to prioritize funds with a higher growth potential while also managing risk. Since you're not keen on index funds, let's focus on actively managed funds recommended by a Certified Financial Planner.

Look for equity mutual funds with a proven track record of delivering consistent returns over the long term. These funds typically invest in a diversified portfolio of stocks across various sectors, which helps spread risk.

Given your long investment horizon, you can afford to take on a slightly higher level of risk. Consider allocating a significant portion of your SIP investments to mid-cap and small-cap funds, which have the potential to generate higher returns over time.

Additionally, it's essential to maintain a balanced portfolio by including some large-cap funds for stability and downside protection during market downturns.

Regularly review your investment portfolio and make adjustments as needed to stay on track towards your retirement goal. As your income grows over time, consider increasing your SIP contributions to accelerate your wealth accumulation.

Remember, achieving early retirement requires discipline, patience, and a well-thought-out investment strategy. Stay focused on your long-term objectives, and you'll be well on your way to financial independence by the age of 40.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 25, 2024Hindi
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Money
Sir I am currently a student working as pg resident in government college l. My monthly stipend is 70000 of which I want to use 60000 in investment for upcoming future. I want to continue doing it for 3 years and if I get help from yours kind suggestion I will continue to do so. Humbly request you to guide me sir ????????
Ans: Your proactive approach towards financial planning while still a student is commendable. Let's craft a plan to make the most out of your stipend and set a strong foundation for your future.

With a monthly stipend of 70,000 rupees, allocating 60,000 towards investments is a smart move. Over three years, this disciplined approach can yield significant results.

Since you're still in the early stages of your career, investing in yourself should be a priority. Consider setting aside a portion of your investment for further education or skill development that could enhance your earning potential in the future.

For the remaining portion, explore investment options that offer a balance of growth potential and stability. Since you're not keen on index funds, you could opt for actively managed funds recommended by a Certified Financial Planner. These funds have the potential to generate higher returns over time.

Additionally, consider diversifying your investment portfolio to mitigate risk. Look into options like mutual funds, stocks, or even starting a small SIP (Systematic Investment Plan) in equity or debt instruments.

As you continue your residency and progress in your career, revisit your investment strategy periodically to adjust it according to your changing financial goals and risk appetite.

Remember, consistency is key. Stick to your investment plan diligently, and you'll likely see the benefits over the long term.

Your commitment to financial planning at this stage bodes well for your future financial well-being. Keep up the good work!

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Ramalingam Kalirajan  |1763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 27, 2024Hindi
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Hi, I am 38 and my monthly earning is around 2.5 lakhs. I have a couple of personal loans with emi of 58k, 24k respectively. And my monthly living and essential expenses around 85k. How can I achieve retirement fund of 3.5 crores? Kindly suggest a financial plan to achieve it. FYI, I have 2 school going kids. And I need to plan for their higher education.
Ans: Achieving a retirement fund of 3.5 crores might seem daunting, but with careful planning and discipline, it's definitely feasible. Given your current situation, here's a tailored financial plan to help you reach that goal.

Firstly, let's address your existing loans. It's crucial to prioritize paying off high-interest debt like personal loans to free up more funds for saving and investing. Consider strategizing to clear these debts as soon as possible.

Next, let's focus on your monthly expenses. Your essential expenses seem reasonable, but it's always wise to review and see if there are areas where you can cut back without compromising your family's well-being.

Now, let's talk about investing. With a monthly earning of 2.5 lakhs, you have a good base to start building your retirement corpus. Instead of index funds, which might have limitations, you could consider actively managed funds through a Certified Financial Planner. These funds have the potential to outperform the market and maximize returns for your retirement.

Given that you have two school-going kids, it's essential to plan for their higher education expenses as well. Look into setting up separate investment vehicles for their education fund, such as mutual funds or education savings plans.

Consistency is key. Stick to a disciplined savings and investment strategy each month. As your income grows over time, consider increasing your investment contributions to accelerate your retirement savings.

Lastly, don't forget about insurance. Ensure you have adequate life and health insurance coverage to protect your family from unforeseen circumstances that could derail your financial plans.

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Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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My pension per month is 1.25 lakhs which is indexed to inflation as per the state government rules through the payment of dearness allowance from time to time. The pension also gets revised upwards every ten years. I donated all my savings, about two crores, to my sons who are well placed in company jobs. Now my saving is meagre, only a few lakhs. I am now 72 years old and live with my wife who is 10 years younger. I am also reasonably healthy. After my death, my wife will get family pension which will be about 70 percent of my pension. I also save 70 per cent of my pension and every few years I donate the saved amount to my sons. I don't have any insurance cover. My question is whether I should go for financial planning?
Ans: Given your current financial situation and lifestyle, it's understandable to contemplate the need for financial planning at your age. While you have a stable pension income and have transferred your savings to your sons, it's essential to consider several factors:
1. Life Expectancy: Although you're reasonably healthy now, it's crucial to plan for unforeseen health expenses and potential long-term care needs as you age.
2. Estate Planning: Ensure your estate planning is in order to facilitate a smooth transfer of assets to your wife and heirs after your passing. This includes creating a will, assigning beneficiaries, and considering the implications of any existing debts or liabilities.
3. Insurance Coverage: While you may not require life insurance at this stage, consider the benefits of health insurance to cover medical expenses. Evaluate your options based on your health condition, affordability, and coverage needs.
4. Legacy Planning: Since you regularly donate a portion of your pension to your sons, consider how you want to leave a legacy for future generations. Explore charitable giving options or setting up trusts to support causes close to your heart.
5. Long-Term Financial Security: Although your pension is indexed to inflation and you have a family pension for your wife, assess whether additional sources of income or investments are necessary to ensure long-term financial security and maintain your desired standard of living.
6. Consult with a Certified Financial Planner: Consider consulting with a Certified Financial Planner (CFP) who can assess your financial situation, goals, and concerns. A CFP can provide personalized recommendations and strategies to optimize your finances, plan for the future, and address any potential gaps in your financial plan.
Financial planning can provide peace of mind and help you navigate the complexities of retirement, estate planning, and legacy considerations. Even with a stable pension income, it's wise to proactively manage your finances to ensure you and your wife have a secure and comfortable retirement.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 22, 2024Hindi
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Money
I am 50 years old .i want to invest in SIP.In which fund should I invest to take good return like 50 lakh and how much invest
Ans: As a Certified Financial Planner, I commend your decision to invest in SIPs at 50 years old. Investing systematically can help you achieve your financial goals over time. Here's a strategy to aim for a corpus of 50 lakhs:
1. Assess Investment Horizon and Risk Tolerance: Considering your age, investment horizon, and risk tolerance, opt for a balanced approach. Allocate a portion of your investments to equity funds for growth potential and the remainder to debt funds for stability.
2. Diversify Portfolio: Choose a mix of equity and debt mutual funds to diversify your portfolio and manage risk effectively. Select funds with a proven track record of consistent performance and aligned with your investment goals.
3. Calculate SIP Amount: To reach a corpus of 50 lakhs, calculate the SIP amount required based on your expected rate of return and investment horizon. Use an online SIP calculator or consult with a financial advisor for personalized guidance.
4. Consider Asset Allocation: Balance your asset allocation based on your risk appetite. While equity funds offer growth potential, debt funds provide stability. Adjust your allocation based on market conditions and your financial goals.
5. Regular Reviews and Adjustments: Periodically review your SIP investments to ensure they remain aligned with your objectives. Make adjustments as needed based on changes in market conditions, your financial situation, and investment goals.
6. Stay Disciplined: Consistency is key to achieving your investment goals. Commit to investing regularly, regardless of market fluctuations, and avoid making impulsive decisions based on short-term movements.
7. Consult with a Certified Financial Planner: Consider seeking professional advice from a CFP who can provide personalized recommendations based on your financial situation and goals. A CFP can help you create a comprehensive financial plan and navigate the complexities of investing.
By following these steps and staying disciplined, you can work towards building a corpus of 50 lakhs through SIPs while managing risk effectively.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 29, 2024Hindi
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Money
Hi, I am currently 43 years old. I would like to understand when I can retire. Here are my assets and savings. Have got 2 flats, one self occupied and other one rented for 25k per month. I have plot worth 80 lakhs. 20 lakhs in savings, still not invested anywhere. Another 50L in PF and gratuity. Have 2 ancestral homes generating 35k per month rent (worth 3 cr). My current salary is 2.5 lakhs per month after all deductions. We have two sons.
Ans: It's fantastic that you're planning ahead for your retirement! With your diverse assets and savings, you're well-positioned to achieve your retirement goals. Let's assess your situation to determine when retirement might be feasible:
1. Evaluate Assets and Savings: You have two flats, one rented out, a valuable plot, significant savings, and substantial funds in PF and gratuity. Additionally, rental income from ancestral homes provides a steady stream of income.
2. Calculate Expenses: Determine your current expenses and estimate future expenses, considering inflation and lifestyle changes. With rental income and other sources, you seem to have a stable income stream.
3. Financial Independence: Assess your financial independence by comparing your passive income from assets and savings with your expenses. If your passive income covers or exceeds your expenses, you're in a position to retire.
4. Consider Family Needs: Take into account your sons' education, marriage expenses, and other familial responsibilities. Ensure your retirement plan accommodates these needs without compromising your financial security.
5. Risk Management: While real estate can provide steady income, ensure you have a diversified investment portfolio to mitigate risk. Consider consulting with a Certified Financial Planner to optimize your asset allocation and investment strategy.
6. Retirement Timeline: Based on your current financial situation and retirement goals, you may be able to retire earlier than the standard retirement age. However, it's essential to consider factors like healthcare costs, longevity, and inflation when planning for retirement.
7. Regular Reviews: Periodically review your financial plan and retirement goals to ensure you're on track. Adjust your strategy as needed based on changes in your circumstances and market conditions.
With careful planning and prudent financial management, you can retire comfortably and enjoy the fruits of your hard work. Consider seeking professional advice to fine-tune your retirement plan and make informed decisions.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 29, 2024Hindi
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Money
Im 55 years and would like to retire now. have a current expense of around 75K/month. How much corpus is required and strategy of investment to cover this expenditure
Ans: Congratulations on reaching the milestone of retirement! It's a significant achievement, and it's essential to ensure your financial security during this new phase of life. With a current monthly expense of 75,000 rupees, determining the required corpus and investment strategy is crucial for a comfortable retirement.
To calculate the required corpus, consider the following steps:
1. Estimate Annual Expenses: Multiply your monthly expenses by 12 to calculate your annual expenses. In this case, 75,000 rupees per month amounts to 9 lakhs per year.
2. Account for Inflation: Factor in inflation to ensure your purchasing power remains intact throughout your retirement years. Considering an average inflation rate of 6-7% per annum, adjust your annual expenses accordingly for each year of retirement.
3. Calculate Corpus Needed: Use the concept of safe withdrawal rates to determine the corpus required to sustain your retirement expenses. A commonly used rule of thumb is the 4% rule, which suggests withdrawing 4% of your initial corpus annually to cover expenses. Divide your estimated annual expenses by 4% to calculate the required corpus.
For example, if your annual expenses are 9 lakhs, dividing by 4% gives a required corpus of 2.25 crores.
As for investment strategy:
• Diversified Portfolio: Allocate your retirement corpus across a diversified portfolio of assets, including equity, debt, and other income-generating instruments. Diversification helps spread risk and optimize returns over the long term.
• Income-Generating Investments: Prioritize investments that provide a steady stream of income to cover your expenses, such as dividend-paying stocks, bonds, and rental properties.
• Risk Management: As you transition into retirement, focus on preserving capital while generating sufficient income to meet your expenses. Balance risk and return by adjusting your asset allocation to align with your risk tolerance and financial goals.
• Regular Reviews: Periodically review your investment portfolio and withdrawal strategy to ensure they remain aligned with your financial objectives. Make adjustments as needed based on changes in market conditions, your personal circumstances, and your spending patterns.
By following a disciplined approach to investment and retirement planning, you can strive to achieve financial security and enjoy a comfortable retirement.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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I have about 1 crore in retirement funds and will get a pension of about 55k per month. i have term insurance of 75 lakhs. I believe actual inflation for me is around 12-15% per annum and want to beat that so my capital is not eroded. Is it possible to get around 24% per annum (34% of this is grabbed by IT) to get an effective yield of appr 15-18% with very low risk.
Ans: It's impressive that you've accumulated a substantial retirement fund and secured term insurance for your family's protection. Your concern about inflation eroding your capital demonstrates a prudent approach to financial planning.
As a Certified Financial Planner, I understand the importance of preserving and growing your wealth to combat inflation effectively. However, achieving a consistent return of 24% per annum with very low risk is unrealistic.
While it's essential to aim for returns that outpace inflation, it's equally crucial to manage expectations and assess risk appropriately. Pursuing excessively high returns often entails taking on higher risk, which may not align with your risk tolerance or financial goals.
Instead of chasing unrealistic returns, consider the following strategies to protect and grow your wealth:
• Diversified Portfolio: Allocate your retirement funds across a diversified portfolio of assets, including equity, debt, and alternative investments. Diversification helps mitigate risk and optimize returns over the long term.
• Regular Reviews: Periodically review your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance. Make adjustments as needed based on changes in market conditions and your personal circumstances.
• Consult with a Certified Financial Planner: Work with a CFP to develop a comprehensive financial plan tailored to your specific needs and objectives. A CFP can help you navigate investment options and create a strategy that balances risk and return effectively.
• Manage Tax Implications: Consider tax-efficient investment strategies to minimize the impact of taxes on your returns. Utilize tax-saving instruments like Equity Linked Savings Schemes (ELSS) and explore other tax-efficient investment avenues.
By adopting a disciplined approach to investment and seeking professional guidance, you can strive to achieve meaningful returns while managing risk effectively.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1763 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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My monthly salary is 8 lakhs, but my work time in a year is not fixed. Sometimes i work 8 months a year sometimes 6 months. I have NRE account. Due to uncertain work nature. I always had doubt to keep some funds standy in account. Due to this fear i never invested . Recently started SIP of about 50k. Please advise what to do. Or what more options i have. I was also thinking to buy a flat to later rent out. Or buy a land for future sale out.. i am confused for my life.
Ans: I understand your concerns about the uncertain nature of your work and the impact it may have on your financial stability. It's commendable that you've taken the step to start SIPs despite these challenges.
It's natural to feel overwhelmed when faced with decisions about investments, especially when considering factors like fluctuating income and future financial security. As a Certified Financial Planner, I'm here to offer guidance and support as you navigate through these choices.
Instead of letting fear hold you back, consider taking a balanced approach to investing:
• Emergency Fund: Given the irregularity of your income, it's essential to maintain a sufficient emergency fund in your NRE account to cover living expenses during lean months. This provides a safety net and peace of mind.
• Diversified Investments: Explore investment options beyond traditional avenues like real estate. Consider a diversified portfolio of mutual funds or other investment vehicles that offer liquidity and flexibility to accommodate your variable income.
• Professional Advice: Consult with a Certified Financial Planner to develop a personalized financial plan tailored to your unique situation. They can help you assess your risk tolerance, set realistic goals, and create a roadmap for achieving financial stability and growth.
• Avoid Hasty Decisions: While buying property may seem appealing, it's crucial to weigh the pros and cons carefully. Real estate investments come with their own set of challenges and may not always align with your financial goals or risk profile.
Remember, uncertainty is a part of life, but with careful planning and informed decision-making, you can navigate through it successfully. Don't hesitate to seek support from professionals who can provide guidance and clarity along the way.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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