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Nitin

Nitin Sathe  | Answer  |Ask -

HR, Recruitment Expert - Answered on Sep 22, 2023

Air Commodore Nitin Sathe (retd) is an IAF veteran with experience in aviation, aviation management, recruitment and HR.He has commanded a frontline base in Jammu and Kashmir, served with the UN Peace Keeping Force in Congo and volunteered for tsunami relief operations. Today, he is a certified recruiter and personality assessor.... more
rR Question by rR on Sep 19, 2023Hindi
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Career

I am 40+. I worked for a few years after Post Grad and due to family constraints had taken a long sabbatical. About 5 years ago I went to back to work moved from small firms to a corporate. However, I find myself still at the entry level position. My colleagues at the same level were not even born when I finished my college. I really feel very old amongst them and cannot gel with them also it bugs me that people of my age in the firm are at very senior position.Switching over jobs I dont will make sense either as it will be the same trend everywhere. I dont know how to address this issue. Please suggest

Ans: You have identified the problem correctly. You can either disregard that feeling of being junior and enjoy what you are doing and prove yourself as the best. Other than that you can start something on your own. There are no other options I feel. Regards and best
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I am 40+. I worked for a few years after Post Grad and due to family constraints had taken a long sabbatical. About 5 years ago I went to back to work moved from small firms to a corporate. However, I find myself still at the entry level position. My colleagues at the same level were not even born when I finished my college. I really feel very old amongst them and cannot gel with them also it bugs me that people of my age in the firm are at very senior position.Switching over jobs I dont will make sense either as it will be the same trend everywhere. I dont know how to address this issue. Please suggest
Ans: career paths are unique for each individual, and success is not solely defined by age or job title. Focus on your personal growth, contributions to your organization, and finding fulfillment in your workUnderstand that your age and experience bring unique strengths to the table. You likely have a wealth of knowledge and skills that can be valuable to your current organization. Identify and leverage these strengths in your current role. Consider investing in professional development opportunities to update your skills and stay current in your field Build relationships with colleagues, both younger and older, through networking Networking can help you feel more connected and open up opportunities for mentorship or collaboration. Connect with more senior colleagues or mentors within your organization. They can provide guidance on career advancement, share their experiences, and help you navigate the corporate culture Understanding the expectations for career progression can help you set realistic goals Find common ground with your colleagues, regardless of age differences. Engage in team-building activities, attend social events, and try to connect on a personal level. Building strong relationships with your team members can improve collaboration and create a more positive work environment.
Career progression can take time, especially when re-entering the workforce after a break. Stay persistent, continue to demonstrate your skills and dedication, and be patient as you work towards your goals.

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Money
Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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Milind

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Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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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