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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Jan 09, 2024

Abhishek Shah is an experienced tech and HR leader. He has over 10 years of experience in helping create sustainable thriving businesses, leveraging technology and mentoring people. He founded Testlify, a talent assessment platform in 2022. He is passionate about helping founders build high-performing tech teams. ... more
Asked by Anonymous - Jan 09, 2024Hindi
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Career

I am a 39 yrs old person. I have done my MBA marketing and i am hotel management graduate. I have worked for around 9 yrs in Hospital sales and 3 yrs in hotel Sales and Marketing department. Lastly i was working with a leading hospital in Pune as a deputy manager Sales. I jad to take a break of one and half year in between because of my mother was a liver patient and needed a liver transplant. Now Liver Transplant is done and it is around 7 months, she is all doing fine and good. Now on a professional front i am left jobless because of the break i had to take. I want to start my carrier again. Can you suggest how exactly should i go about. Can u recommend any other carrier other than Hospital sales with my experience and qualification that i can go into. I have liking for sales and marketing. Request you ro suggest something which is related to marketing. I really want you to help me and suggest a good carrier option and also guide in regards with life ahead.

Ans: Hi there, I'm glad your mom is doing fine now. IT services and software product companies are good avenues to explore for sales and marketing. I had hired someone from the hotel sales department and she did well with my software sales. Pay is relatively better in the software field. Please connect with me and I'll be happy to send a recommendation to my HR team to interview.
Asked on - Jan 12, 2024 | Not Answered yet
I am intrested in trying for IT Sales marketing. How do you want me to apply for the same. Can you provide me with your email id

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Asked by Anonymous - Dec 29, 2023Hindi
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I am a 39 yrs old person. I have done my MBA marketing and i am hotel management graduate. I have worked for around 9 yrs in Hospital sales and 3 yrs in hotel Sales and Marketing department. Lastly i was working with a leading hospital in Pune as a deputy manager Sales. I jad to take a break of one and half year in between because of my mother was a liver patient and needed a liver transplant. Now Liver Transplant is done and it is around 7 months, she is all doing fine and good. Now on a professional front i am left jobless because of the break i had to take. I want to start my carrier again. Can you suggest how exactly should i go about. Can u recommend any other carrier other than Hospital sales with my experience and qualification that i can go into. I have liking for sales and marketing. Request you ro suggest something which is related to marketing. I will also want to mention that i am still single in life. I really want you to help me and suggest a good carrier option and also guide in regards with life ahead.
Ans: See it's understandable that taking a break from your career was necessary during that time, and now that your mother is doing well, it's time to focus on your professional growth and development.

Given your experience and qualifications in both hotel management and marketing, along with your extensive background in sales and marketing roles in both hospitals and hotels, I would suggest
1. Many companies across various sectors require professionals with strong sales and marketing skills to promote their products or services. Your experience in B2B sales could be particularly valuable in industries such as pharmaceuticals, technology, consumer goods, or manufacturing.
2. Your experience in hotel sales and marketing could be beneficial in Event management as it requires strong networking, negotiation, and marketing skills.
3. Consider working as a sales or marketing consultant, either independently or with a consulting firm. Consultants provide advice and solutions to businesses to improve their sales and marketing strategies, optimize processes, and achieve their business objectives.
4. With your extensive experience in sales and marketing, you could consider transitioning into a role in education and training. You could become a sales or marketing trainer, teaching others about effective sales techniques, marketing strategies, and customer relationship management.

Additionally, you should also:
A. Update your resume and LinkedIn profile to highlight your skills, experiences, and achievements.
B. Consider taking online courses or certifications to enhance your skills or learn new ones relevant to your career goals.
C. Be open to temporary or part-time roles as you transition back into the workforce.

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Mutual Funds, Financial Planning Expert - Answered on May 07, 2025

Asked by Anonymous - May 07, 2025
Money
Sir, I wqnted your advise, regarding an investment. My building is going for re-development, there is a additional flat sale for about 1cr, which will be ready in about 3 years. Please can you advise is it worth to invest 1cr in additional flat, i have savings of about 1cr, or should i keep the 1cr as Fixed Deposit. I do not have knowledge about investment in mutual funds or SIP. Thanks to advise.
Ans: It's commendable that you're considering the best investment route for your Rs. 1 crore savings. Let's evaluate the options you've mentioned and explore a comprehensive approach to wealth creation.

Understanding Your Investment Options
1. Investing in the Additional Flat

Illiquidity Concerns: Real estate investments are typically illiquid. Selling a property can take time and may not fetch the expected price.

Maintenance and Other Costs: Owning an additional flat comes with recurring expenses like maintenance charges, property taxes, and potential renovation costs.

Market Volatility: Property prices can fluctuate based on various factors, including economic conditions and government policies.

Rental Income Uncertainty: If you're considering renting out the flat, rental yields in many Indian cities are relatively low compared to the property's value.

2. Keeping the Amount in Fixed Deposits (FDs)

Low Returns: FDs offer fixed returns, but these may not outpace inflation, leading to a decrease in real purchasing power over time.

Tax Implications: Interest earned from FDs is taxable as per your income slab, which can further reduce the net returns.

Lack of Flexibility: Premature withdrawal from FDs can attract penalties, limiting liquidity.

Exploring Mutual Funds as an Alternative
Given that you're new to mutual funds and SIPs, it's essential to understand their potential benefits:

Professional Management: Mutual funds are managed by experienced fund managers who make investment decisions based on thorough research.

Diversification: By investing in a mutual fund, your money is spread across various assets, reducing risk.

Liquidity: Most mutual funds offer high liquidity, allowing you to redeem your investment when needed.

Potential for Higher Returns: Historically, mutual funds, especially equity-oriented ones, have offered higher returns over the long term compared to traditional instruments like FDs.

Tax Efficiency: Mutual funds can be more tax-efficient, especially with the benefits available under certain sections of the Income Tax Act.

Recommended Approach
Considering your current situation and the pros and cons of each investment option:

Avoid Investing in the Additional Flat: Given the illiquidity, associated costs, and potential market volatility, investing in another property may not be the most efficient use of your funds.

Limit Exposure to FDs: While FDs offer safety, the returns may not be sufficient to meet long-term financial goals, especially after accounting for inflation and taxes.

Consider Mutual Funds for Wealth Creation:

Start with a Lump Sum Investment: Allocate a portion of your Rs. 1 crore savings into mutual funds, focusing on a mix of equity and debt funds based on your risk appetite.

Initiate SIPs: Set up Systematic Investment Plans to invest a fixed amount regularly, benefiting from rupee cost averaging and disciplined investing.

Consult a Certified Financial Planner: Given your unfamiliarity with mutual funds, seeking guidance from a certified professional can help tailor an investment strategy aligned with your financial goals.

Final Insights
Your initiative to seek advice before making a significant investment decision is commendable. By steering clear of additional real estate investments and limiting exposure to low-yield instruments like FDs, you can explore avenues like mutual funds that offer the potential for higher returns and greater flexibility. Engaging with a certified financial planner can further ensure that your investment strategy is well-aligned with your long-term financial objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

...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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