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Maxim

Maxim Emmanuel  |211 Answers  |Ask -

Soft Skills Trainer - Answered on Apr 09, 2024

Maxim Emmanuel is the marketing director of Maxwill Zeus Expositions.
An alumnus of the Xavier Institute of Management and Research, Mumbai, Maxim has over 30 years of experience in training young professionals and corporate organisations on how to improve soft skills and build interpersonal relationships through effective communication.
He also works with students and job aspirants offering career guidance, preparing them for job interviews and group discussions and teaching them how to make effective presentations.... more
Asked by Anonymous - Apr 06, 2024Hindi
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Career

Hi, I completed BA in Mass communication and pg diploma in advertising and marketing communication with only 5 months experience in advertising agency with specialization in client servicing And my age is 26 and have no any job or secure Career. Sometimes I think I had a mistake to choose this field, i tried too many times for getting a job and I'm not perfect in skills like English language, cunning nature and smart and at this age i pressured by my family, relatives and neighbours with too many irrelevant and irritating comments like tum bhatke huye ho. Tum se kuch nhi hone vala,, your age is marriage age and you are unemployed and unguided. Sometimes I think suicide is the best way to forget all think and sometimes I don't know what is my real goal and truth is i have no goal and currently i preparing for competitive exams like ssc and hssc but what is my goal I'm not sure where is I'm going I request you please guide me with better solution because no one is in the world is my best. I live alone I'm not interested to talk with anyone because all are selfish. Please please guide me.

Ans: Wow.. BA MASS Communication! & PG DIP in Advertising and Marketing.. Seriously no job.. Client Servicing is Ad.Sales...what gets you going creativity in Advertising.. plenty of scope... Age is just a number.. And 26 no quick fix, you have just started life.

Don't go by what others say, go by your conscience.. And the guy in the glass

The Guy in the Glass

When you get what you want in your struggle for pelf,
And the world makes you King for a day,
Then go to the mirror and look at yourself,
And see what that guy has to say.
For it isn't your Father, or Mother, or Wife,
Who judgement upon you must pass.
The feller whose verdict counts most in your life
Is the guy staring back from the glass.
He's the feller to please, never mind all the rest,
For he's with you clear up to the end,
And you've passed your most dangerous, difficult test
If the guy in the glass is your friend.
You may be like Jack Horner and "chisel" a plum,
And think you're a wonderful guy,
But the man in the glass says you're only a bum
If you can't look him straight in the eye.
You can fool the whole world down the pathway of years,
And get pats on the back as you pass,
But your final reward will be heartaches and tears
If you've cheated the guy in the glass.

Dale Wimbrow (c) 1934

You are a gem dust yourself off.. and shine... Suicide is nonsense.. Nobody will cry if you!?

Send your resume not more than 2 pages google top Ad agencies... English you will learn along with how to be suave!
They want people who know other regional languages too.. You are the one they are looking for!
Career

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Anu

Anu Krishna  |850 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 16, 2022

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Relationship
Hi Anu, I recently came across your self-help series on rediff com and couldn't resist myself from writing to you. I am a 25 year old woman living with her parents and a younger brother. I somehow managed the lockdown in 2020 but since last year, my life has been way more challenging.Things have been really tough since April last year. My mother started her dialysis. Before that, she got hospitalised twice within a month. However she is back home. But due to her dialysis session, her legs ache making her difficult to walk. Her hands have stopped moving due to hypertension so I am taking care of her.My father retired last year. So he's stressed about many things. He is over inspecting my every little action and criticising me for no apparent reason. I haven't got a suitable job despite working in an educational consultancy (They haven't even given my first salary). My boyfriend is encouraging me to work hard for my upcoming competitive exam and earn everything I want. But I don't feel like doing anything. I feel like I have lost the zeal. And nowadays he has hardly any time for me.My ex-boyfriend hasn't returned Rs 20,000 he borrowed from me. When I confronted him, he avoided me and told me to back off. Sometimes I feel like taking a loan.Lastly, I have incomplete submissions of diploma course which I couldn't submit on time and I am requesting for extra time but I didn't get any help.Though I feel that things will get better but most of the time, I feel like quitting. Today my father scolded me again, so I went to terrace. I screamed and cried and decided to end my life. I have become so alone. I am wondering when my life will be on track. I am not a bad person. I know I have flaws. But why has life become so tough? I am only getting rejections and failures. I don't know what to do. How do I tackle with all of these? Please help me. I am totally exhausted.
Ans:

Dear AB,

Breathe! And breathe again and once more…

Life is filled with all things great and challenging as well. Challenges come to us as a growth path; one that we must walk on to unleash more of our inner power.

Challenges within the family, education related challenges, personal challenges and more are part of anyone’s life.

How we deal with each defines our journey and shapes our mindset as well.

Have you felt like playing the victim in each challenge and hence feel low and dejected and that prevents you from finishing what you have taken up?

I might be wrong here, but what seems to be happening is every activity is left mid-way due to lack of confidence from within. And then the loop continues and you have termed it as a rejection and failure. We receive what we put out there; so why don’t you try something different?

Why don’t you pick something (one at a time) and see it through till the end; it will give you a great sense of achievement and to do this; simply visualize the path from the start to the end and then jumping for joy at your victory.

Request your boyfriend to play the role of an accountability partner, so that he keeps your ups and downs in check.

Commit to him as to what and when you will finish; and to motivate yourself, keep visualizing your victory and success point and the happiness that you will feel from within.

As for your parents scolding you, they only look at your welfare.

Sit them down and tell them that you need their support and that you are embarking on a new journey.

I am sure that they will be rooting for you. Life is beautiful, make it count and you know you can!

Best wishes!

..Read more

Anu

Anu Krishna  |850 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 18, 2021

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Relationship
Hi Anu, I read your article about suicide among young people in these trying times. It is really very stressful. Well I am a 53 year old person from Delhi. I don’t have a job. My savings have dried up. I am mentally and emotionally broken. My wife and daughter left me last year. I am not being able to cope up with the situation and the humiliation I was subjected to and am still going through. It's like facing a wall with no way out. I feel like committing suicide as I am all alone and don’t have any support system. I don’t know what to do. The urge to end my life is too strong as I was betrayed and cheated by my loved ones. I spoke to some suicide helplines regarding this but they were of no help. I hope maybe you can help.
Ans: Dear J, suicide is never an option, so DO NOT try to access something that does not exist.

The pandemic hasn’t been easy on most people across the globe and each person is going through their own challenges.

How each one responds to that is what defines what’s happening next.

This might sound to you like a good preachy note, but do remember, you and only you alone are responsible for your moods and your state of mind.

Times are trying and each of us are going through the Pandemic in different ways. Some of us have lost jobs, some of us have lost our loved ones, some of us have lost our piece of mind…the list is endless.

Why should you choose to go through humiliation when that event is over now?

By replaying it over and over again, does it help change what had happened? What if you choose to move to a thought that empowers you?

If you think this is impossible, NO, it isn’t. It requires you to WANT to move from where you are to where you want to be.

Choosing to be in the same place and thinking the same things repeatedly gives you the same result. A different result, then MOVE please, NOW.

This movement brings in fresh perspectives and fresh ideas that you can infuse in finding an alternative job or career and also into your personal life.

Humiliation is something that you went through and that can’t be changed. But to relive it, is a choice of yours…now, you know what to do. All the best!

..Read more

Archana

Archana Deshpande  |32 Answers  |Ask -

Image Coach, Soft Skills Trainer - Answered on May 04, 2024

Asked by Anonymous - Apr 20, 2024Hindi
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Hello Sir/Ma'am I'm facing problems regarding money and career related. However I'm working I'm earning but I not able set a goal, and day by day I'm becoming older, family responsibilities can't be handled because of salary issues. What to do, when I was in 12th standard my sister advised me to choose engineering line, she gave me wrong advise now I'm suffering and she is also working earning well n good she is getting high package but I'm. I think my problem is I'm not able to set a goal. Please suggest me, guide me.
Ans: Hi!!

Can I begin by saying, "stop blaming anyone for your circumstances". Your sister advised you for your own good. Engineering is a good degree to have. If you are not happy with doing technical work then see if you can add an MBA or some other skills to increase your chances of earning more. Life is all about taking decisions on a minute to minute basis. Take the right decisions now, let's leave the past behind, thinking about it has no meaning now.
... will you promise me not to indulge in the three c's- don't COMPLAIN, CRITICIZE and CONDEMN!!
Let's look forward now ...
I always believe in putting everything that overwhelms me on paper... then it starts looking doable and simpler!
So that's your first task, put everything on paper( make a goal book, write everything in it), your desires, your dreams, your goals and a everyday to-do list.
The goals should be in every aspect of your life....
1. Financial Goal
2. Career Goal- what other skills do you need to earn the money you need and move ahead in your career
3. Relationships Goal, the quality of your life is based on the quality of your relationships
4. The goal of your physical and mental well being, if you are mentally and physically fit then you can live life well
5. How to be happy without any reason, that's your primary goal.... ask yourself "what are the ways in which I can have fun where money is not involved" - looking at the sun, spending time in nature, listening to the birds singing, playing with small children( they just want you, not your money), helping someone in need, sipping coffee peacefully, make a list of all these and try doing at least two of them every day.

I don't know how good is your relationship with your sister, you say she is doing well, can you ask for her help, without blaming? Ask for help and learn from her. I am sure blood is always thicker and she will help you.

Life is never a straight line, there will always be an up and a down!

Keep up your spirits, everyday is a new day, don't blame yourself, don't blame others. be kind to yourself and be kind to others.

Everyday, take one step towards your goals, move forward... and as regards to ageing, believe me age is just a number, you are as young as you think!!

Here's wishing you a happy, healthy , wealthy life ahead!!

..Read more

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Ramalingam

Ramalingam Kalirajan  |2156 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

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I am 34 years old. I started investing in a SIP of 250000 per month from Nov 2023. Will be investing for 15 years to create a corpus of 30cr at 21% XIRR I am investing in 11 funds equally Hdfc mid cap Quant mid cap Motilal oswal mid cap Tata nifty midcap 150 momentum 50 index fund Quant small cap Sbi nifty small cap 250 index Hdfc large and mid cap Icici large and mid cap Quant flexi cap Parag parikh flexi cap Sbi energy opportunities fund Please suggest If I should consider any changes.
Ans: That's a very impressive start to your investment journey! A monthly SIP of Rs. 2,50,000 for 15 years shows great commitment. Let's discuss your portfolio and your ambitious target corpus:

1. Large Investment, Great Potential!

Disciplined Approach! Investing such a significant amount consistently shows discipline. This is a key factor for wealth creation.

Diversified Portfolio: Your portfolio has a mix of Mid Cap, Small Cap, Large & Mid Cap, Flexi Cap, and a Sectoral Fund (Energy). Actively managed funds like these have fund managers who try to outperform the market by picking stocks they believe will grow.

Sectoral funds focus on specific industries, amplifying the risk associated with economic fluctuations and sector-specific challenges. Their narrow investment mandate exposes investors to higher volatility and concentration risk.

Additionally, sectoral funds lack diversification, making them vulnerable to adverse market conditions within the targeted sector. Timing the entry and exit points becomes crucial due to the cyclical nature of industries, increasing the complexity of investment decisions.

Overall, while sectoral funds offer potential for higher returns during sector upswings, they entail heightened risk and may not suit investors seeking broad-based diversification and stability in their portfolios.

Direct funds lack personalized advice and ongoing support, requiring investors to navigate the complexities of the market independently. They may lead to suboptimal investment decisions due to the absence of professional guidance.

In contrast, regular funds, accessed through a Mutual Fund Distributor (MFD) with Certified Financial Planner (CFP) support, offer tailored advice aligned with individual financial goals. MFDs provide valuable insights, portfolio rebalancing, and assistance during market fluctuations, enhancing investor confidence and decision-making.

Regular funds also often provide additional services such as goal planning, tax optimization, and periodic reviews, ensuring a holistic approach to wealth management.

2. Reaching Your Target:

Ambitious Goal! Targeting a Rs. 30 crore corpus in 15 years with a 21% XIRR (internal rate of return) is highly ambitious. Historically, Equity has delivered good returns, but there are no guarantees.

Market Performance Matters! Market fluctuations can significantly impact your final corpus. A 21% XIRR might be difficult to achieve consistently over 15 years.

3. Let's Analyze Your Portfolio:

Multiple Mid Cap Funds: Having three Mid Cap Funds might lead to overlapping holdings. Consider merging some for better diversification.

Actively Managed vs. Index Funds: While actively managed funds have the potential for higher returns, they also come with higher fees. A small allocation to an Index Fund could provide broader market exposure.

4. Seek Professional Guidance:

Role of a CFP: A Certified Financial Planner (CFP) can analyze your risk tolerance, investment goals, and assess your portfolio.

Personalized Strategy: A CFP can recommend an optimized portfolio allocation that balances risk and reward to potentially maximize your returns and reach your goals.

Remember, reaching your financial goals requires a well-defined strategy, discipline, and realistic expectations of market returns. Consulting a CFP can help you create a personalized plan and increase your chances of success.

Here's the key takeaway: You've made a fantastic start! Consider consulting a CFP to fine-tune your portfolio and potentially reach your long-term goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2156 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

Asked by Anonymous - May 08, 2024Hindi
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Hello sir, I am 28 years of age and have started my sip of 5500/month ( 4000/- in Quant Small cap, Quant midcap,Quant Flexi cap,Quant Infrastructure direct growth fund, 500/- in Nippon India small cap fund want to invest till I am 60. Can I create a fund enough for 10 cr.
Ans: That's a fantastic start! Starting a SIP (Systematic Investment Plan) at 28 and investing for the long term shows great initiative. Let's discuss your plan and the possibility of reaching a Rs. 10 crore corpus:

1. Early Start, Great Benefit!

Young Investor! Starting to invest at 28 with a 32-year investment horizon allows time for compounding to work its magic. This is a significant advantage for wealth creation.

Diversified Portfolio! Investing across Small Cap, Mid Cap, Flexi Cap, and Infrastructure Funds provides some diversification across market capitalizations and sectors. Actively managed funds like these have fund managers who try to outperform the market by picking stocks they believe will grow.

There are some advantages to consider direct funds, and the cost savings can be significant in the long run. However, there are some potential benefits to using a regular MFD:

Advantages of Investing Through a Mutual Fund Distributor (MFD):
• Personalized Advice: MFDs can be helpful for beginners or those who lack investment knowledge. They can assess your risk tolerance, financial goals, and investment horizon to recommend suitable mutual funds. This personalized guidance can be valuable, especially if you're new to investing.

• Convenience: MFDs handle all the paperwork and transactions on your behalf, saving you time and effort. They can help with account setup, SIP registrations, and managing your portfolio across different funds.

• Investor Support: MFDs can be a point of contact for any questions or concerns you may have about your investments. They can provide ongoing support and guidance throughout your investment journey.


2. Planning for a Large Corpus:

Ambitious Goal! Reaching a Rs. 10 crore corpus in 32 years is ambitious. While your SIP is a good start, guaranteed returns are difficult to predict due to market fluctuations.

Market Performance Matters! Historically, Equity has provided good long-term returns, but there are no guarantees. Market performance will significantly impact your final corpus.

3. Let's Do the Math (Hypothetically):

Hypothetical Example: Assuming a hypothetical 12% annual return (past performance is not a guarantee of future results), a monthly SIP of Rs. 5,500 for 32 years could lead to a corpus of around Rs. 5 crore.

Reaching the Target: To potentially reach Rs. 10 crore, consider these options:

Increase SIP amount: If possible, gradually increase your SIP amount over time to reach your target faster.
Review and Rebalance: A Certified Financial Planner (CFP) can help you review your portfolio periodically and rebalance if needed to stay on track for your long-term goals.
Professional Guidance: A CFP can analyze your risk tolerance and suggest a personalized strategy to potentially maximize your returns and reach your target corpus.
Remember, reaching your financial goals requires discipline, potentially increasing your investment amount, and a long-term investment horizon. Consulting a CFP can help you create a roadmap to achieve your dream retirement corpus.

Here's the key takeaway: You're on the right track! Keep investing consistently, and consider consulting a CFP for a personalized plan.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2156 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

Asked by Anonymous - May 08, 2024Hindi
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Money
I am 46 yrs old and I would like to retire by 50 yrs. I have a corpus of 1 cr and I do an SIP of 1L per month. My monthly expenses are 1L. I am interested in a fixed monthly income plan that can fetch me 1L post retirement. Please suggest me the best combination of fund investment.
Ans: Retiring at 50 with a Rs. 1 crore corpus and a Rs. 1 lakh monthly SIP is a bold move. Let's discuss some key points to consider for your fixed income plan:

1. Planning for Early Retirement:

Short Timeframe! Retiring in 4 years with a Rs. 1 lakh monthly income target requires careful planning. Your current corpus and SIP are a good start, but may need adjustments.

Focus on Safety! Since you need regular income, focus on investment options with lower risk and predictable returns, like Debt Funds.

2. Understanding Your Options:

Debt Funds: Debt Funds invest in fixed-income instruments like bonds and provide regular interest payouts. They are suitable for generating a fixed monthly income.

Other Options: While Debt Funds are a good starting point, a CFP can explore options like Senior Citizen Savings Scheme (SCSS) or Post Office Monthly Income Scheme (POMIS) for potentially higher interest rates.

3. Creating a Sustainable Plan:

Balancing Growth & Income: You might need to consider a combination of Debt Funds and some Equity Funds for potential long-term growth to combat inflation.

Review and Rebalance: Your income needs and risk tolerance might change over time. A CFP can help you review your portfolio regularly and rebalance if needed.

4. Maximizing Your Potential:

Increase SIP or Corpus? Consider if you can increase your SIP amount or add a lump sum to your corpus to reach your Rs. 1 lakh monthly income target.

Professional Guidance! A Certified Financial Planner (CFP) can analyze your situation, risk tolerance, and income needs. They can recommend a personalized investment strategy to achieve your desired retirement lifestyle.

Remember, planning for early retirement requires a strategic approach. Consulting a CFP can help you create a plan that balances your income needs with potential growth to ensure a secure and comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2156 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

Asked by Anonymous - May 07, 2024Hindi
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My Current age is 40. I am investing through SIP from last 7 years started with Rs. 6000 and now increased to Rs.45000 from January 2024. (25% large cap, 25% mid cap & 50% small cap). My aim is to built corpus of 5 Cr. Is it possible to attend in next 10 years if i keep on increasing the amount by 10% every year.
Ans: That's a great start on your investment journey! Here's a breakdown to analyze your goal of building a Rs. 5 crore corpus in 10 years:

1. Positive Steps Taken!

Disciplined Investor! Increasing your SIP from Rs. 6,000 to Rs. 45,000 and consistently investing for 7 years shows discipline. This is a positive habit for wealth creation.

Diversified Portfolio: Your asset allocation of 25% Large Cap, 25% Mid Cap, and 50% Small Cap provides some diversification across market capitalizations.

2. Reaching the Target:

Ambitious Goal! Building a Rs. 5 crore corpus in 10 years starting at Rs. 45,000 monthly SIP is ambitious. It depends on your investment returns, which are difficult to predict.

Market Performance: Historically, Equity has provided good long-term returns, but there are no guarantees. Market fluctuations can impact your final corpus.

3. Let's Do the Math (Hypothetically):

Hypothetical Example: Assuming a hypothetical 12% annual return (past performance is not a guarantee of future results), a monthly SIP of Rs. 45,000 increased by 10% annually could lead to a corpus of around Rs. 3.3 crore in 10 years.

Gap to Bridge: There might still be a gap between your target corpus and the potential accumulation. Consider these options:

Increase SIP amount: If possible, consider increasing your SIP amount more than 10% annually to reach your target faster.
Extend Investment Horizon: If increasing the SIP amount is difficult, consider extending your investment horizon beyond 10 years to allow more time for compounding.
Seek Professional Guidance: A Certified Financial Planner (CFP) can analyze your risk tolerance, investment goals, and suggest a personalized strategy to potentially reach your target corpus.
Remember, reaching your financial goals requires discipline, potentially increasing your investment amount, and potentially extending your investment timeframe. Consulting a CFP can help you create a roadmap to maximize your chances of success.

Here's the key takeaway: You're on the right track! Keep investing consistently, and consider consulting a CFP for a personalized plan.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2156 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

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Hi sir. I'm 45 now. I would like start sip for Rs 12000 pm for the next 9 yrs for my son education. Kindly suggest me some sip plans to invest to get cancelled I get a dum of Rs 50 Lakhs at the end of 9 yrs? What shud I do?
Ans: That's fantastic that you're planning for your son's education. Starting a SIP (Systematic Investment Plan) now shows great foresight. Let's discuss some key points to consider:

1. Planning for Education:

Goal in Mind! Targeting a corpus of Rs. 50 lakh in 9 years is ambitious. While SIPs are great, guaranteeing a specific amount is difficult due to market fluctuations.

Actively Managed Funds: Investing in a diversified mix of actively managed Equity Mutual Funds (MFs) can potentially provide good returns. Actively managed funds have fund managers who try to outperform the market.

2. Understanding Market Risks:

Market Fluctuations! The stock market goes up and down. SIPs help average the cost of investment over time, but there's no guarantee of returns.

Professional Guidance! A Certified Financial Planner (CFP) can analyze your risk tolerance and suggest an investment strategy suitable for your son's education timeline.

3. Alternative Options:

Explore Other Avenues! Consider supplementing your SIPs with other options like PPF (Public Provident Fund) or child-specific insurance plans to create a more robust corpus.

Review and Rebalance: The market keeps changing. A CFP can help you periodically review your portfolio and rebalance if needed to stay on track for your son's education goals.

Remember, planning for your son's education is a noble step. While a guaranteed Rs. 50 lakh might be difficult, a CFP can help you create a well-diversified investment strategy that maximizes your potential returns and helps you achieve your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2156 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

Asked by Anonymous - May 07, 2024Hindi
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I am 25 years old. Joined an IT company and earning 50k per month. I am a bachelor with monthly expenses of 15k.No liability or asset currently but I want to buy a house in future (in 3 to 4 years possibly taking loan of 30L to 40L) .How much to invest and where to build wealth and save for future & retirement please suggest. Also what else to consider for emergency fund or recession.
Ans: Congratulations on starting your career! That's a great first step towards financial security. You're earning well and have a good savings potential. Let's discuss how to manage your money effectively for your future goals:

1. Building a Strong Foundation:

Save for the Future! With a monthly salary of Rs. 50,000 and expenses of Rs. 15,000, you have a significant amount to save and invest. This is a great opportunity to build wealth for your future.

Emergency Fund! Life throws unexpected curveballs. Set aside 3-6 months' worth of living expenses in an easily accessible savings account like a Liquid Fund. This acts as a safety net in case of emergencies.

2. Investing for Your Goals:

Short Term vs. Long Term: You have both short-term (house purchase in 3-4 years) and long-term (retirement) goals. A good strategy allocates funds for each.

Actively Managed Funds: Consider investing in actively managed Debt and Equity Mutual Funds (MFs) through SIPs (Systematic Investment Plans). Actively managed funds have fund managers who try to outperform the market by picking stocks or bonds they believe will grow.

3. Planning for Your House:

Down Payment Ready? For your house purchase, aim to save a good down payment (ideally 20% or more) to minimize your loan amount and interest payments. Debt Funds or Recurring Deposits (RDs) can be suitable for this goal.

Loan Management: Taking a home loan is a big decision. Carefully research interest rates and terms. Remember, a home loan is a long-term commitment, so factor in potential EMI (Equated Monthly Installment) impact on your budget.

4. Retirement Planning:

Start Early! You're young, which is a huge advantage for retirement planning. Starting early allows time for compounding to work its magic. Invest in Equity MFs for long-term wealth creation for retirement.

Review and Rebalance: The market keeps changing. A Certified Financial Planner (CFP) can help you periodically review your portfolio, rebalance if needed, and ensure your investment strategy remains on track for your retirement goals.

5. Recession proofing:

Diversification is Key! Investing across different asset classes like Equity and Debt MFs helps spread risk. This can help you weather economic downturns like recessions.

Discipline is Important! Stick to your SIP contributions and avoid impulsive decisions based on market volatility. A CFP can help you stay disciplined and focused on your long-term goals.

Remember, financial planning is a journey, not a destination. Consulting a CFP can create a personalized plan that considers your goals, risk tolerance, and investment horizon. This will help you achieve your dreams of homeownership, a secure retirement, and overall financial well-being.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2156 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

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I am 47 yrs old & have currently 3 SIP's of 10K each. 1) Parag Parekh Flexicap- ?5K 2) Kotak Emerging Equity Fund-?2500 3) Axis Small Cap Fund- ?2500 I wanted to have a Corpus of atleast 3-5 Crore in next 13 yrs till my age of 60 yrs. Should I continue with d above 3 schemes & how much SIP amt do I need to invest inorder to acheive the Corpus.
Ans: That's great you're already investing through SIPs (Systematic Investment Plans)! It shows you're on the right track to building your retirement corpus. Let's analyze your current portfolio and discuss how to reach your goals:

1. Good Start with SIPs!

Three SIPs Running! Your current SIPs of Rs. 10,000 each in a Flexi Cap, Emerging Equity, and Small Cap Fund provide some diversification across market capitalizations. This is a good starting point.

Goal in Mind! You aim for a corpus of Rs. 3-5 crore in 13 years. This requires careful planning and potentially increasing your investment amount.

2. Reaching Your Target:

Planning is Key! Accurately calculating the exact SIP amount needed is difficult without considering factors like your current corpus, expected return rate, and inflation. However, we can discuss strategies.

Review and Increase? A Certified Financial Planner (CFP) can analyze your situation and suggest if you need to increase your SIP amounts to reach your target corpus. They can also consider adding other asset classes for a more balanced approach.

3. Review and Rebalance:

Market Changes! The market keeps changing, and what looks good today might not be suitable tomorrow. It's important to periodically review your portfolio with a CFP.

Stay on Track! Regularly rebalancing your portfolio helps you maintain your target asset allocation and manage risk. A CFP can guide you on how often to review and rebalance.

4. Actively Managed Funds:

Pick Winners! Your chosen funds are actively managed, meaning fund managers try to outperform the market by picking stocks they believe will grow. Actively managed funds can outperform the market, but there's no guarantee.

Consider Your Risk: Actively managed funds tend to have higher fees than passively managed Index Funds. A CFP can help you assess your risk tolerance and choose funds that align with your goals.

Remember, reaching your target corpus requires a disciplined approach, potentially increasing your SIP amounts, and regular review with a CFP. Consulting a CFP can help you create a personalized plan and increase your chances of success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2156 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

Asked by Anonymous - May 05, 2024Hindi
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I am 41 yrs old, having NPS Corpus of 9.65 Lakhs, PPF Rs. 29.65 lakhs, FD Rs. 50 Lakhs, PF 19.65 Lakhs, How to plan for early retirement
Ans: Congratulations on taking the first step towards planning for your early retirement! At 41, with a diversified portfolio including NPS, PPF, FD, and PF, you're well-positioned to embark on this journey. Let's craft a comprehensive plan tailored to your financial landscape.

Assessing Your Financial Foundation

Your existing corpus provides a solid foundation for early retirement planning. Each investment avenue serves a unique purpose, offering a blend of safety, liquidity, and growth potential. Now, let's delve into strategic steps to optimize your resources for early retirement.

1. Maximizing Returns on NPS

Your NPS corpus, standing at ?9.65 lakhs, presents an opportunity for long-term wealth accumulation. Consider reviewing your asset allocation within NPS to ensure alignment with your retirement goals. Opting for a higher equity allocation can potentially enhance returns over the long run, albeit with higher volatility.

2. Leveraging the Power of PPF

PPF, with a substantial corpus of ?29.65 lakhs, embodies stability and tax-free returns. Given its long-term nature, continue maximizing contributions to PPF to capitalize on compounding benefits. Maintain a disciplined approach towards regular contributions to harness its full potential for retirement.

3. Optimizing Fixed Deposits

Fixed Deposits (FDs), constituting ?50 lakhs of your portfolio, offer stability and liquidity. While FDs serve as a reliable avenue for preserving capital, explore opportunities to diversify into higher-yielding instruments for enhanced returns. Consider gradually reallocating a portion of your FDs towards equity-oriented investments for long-term growth.

4. Harnessing the Potential of Provident Fund

Provident Fund (PF), amounting to ?19.65 lakhs, represents a valuable retirement asset with tax benefits and employer contributions. Evaluate the option of voluntary contributions to PF to accelerate wealth accumulation. Additionally, explore the possibility of transferring PF corpus to a more growth-oriented vehicle like NPS for optimized returns.

5. Crafting a Tax-efficient Withdrawal Strategy

As you transition into retirement, devise a tax-efficient withdrawal strategy to optimize your income streams. Leverage the flexibility offered by NPS and PF to stagger withdrawals over time, thereby minimizing tax implications. Consult with your Certified Financial Planner to structure withdrawals in a manner that maximizes tax efficiency.

6. Embracing a Balanced Approach

While pursuing early retirement, maintain a balanced approach towards risk and reward. Diversify your investment portfolio across asset classes to mitigate risk and capitalize on growth opportunities. Regularly review your asset allocation in consultation with your Certified Financial Planner to ensure alignment with your retirement objectives.

7. Cultivating Financial Discipline

Lastly, cultivate financial discipline and resilience on your journey towards early retirement. Stay committed to your savings and investment goals, adapting to evolving market dynamics along the way. Celebrate milestones achieved and stay focused on the ultimate prize of financial freedom in retirement.

Your proactive approach towards early retirement planning reflects your commitment to financial independence. Remember, the path to early retirement may have its challenges, but with careful planning and perseverance, you're well-equipped to achieve your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2156 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

Asked by Anonymous - May 07, 2024Hindi
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Which are the top 4 in Tax Saving MF for starting SIP of 3000 each PM
Ans: I can help you understand what to consider when choosing Tax Saving MFs (Equity Linked Savings Schemes or ELSS) for your SIP (Systematic Investment Plan) of Rs. 3,000 per month. Here's a roadmap to guide you:

1. Your Investment Goals:

Long Term Focus! ELSS funds invest in stocks and are best suited for long-term goals (typically 10 years or more). The stock market can be volatile in the short term, but over the long term, it has historically provided good returns.

Target in Mind! Are you saving for retirement, a child's education, or a down payment on a house? Knowing your goal will help you choose an ELSS fund with a suitable investment horizon.

2. Risk Tolerance:

Comfort Level! ELSS funds invest in stocks, which carry inherent risk. Consider your comfort level with potential market fluctuations. Higher potential returns come with higher risk.

Risk Assessment! A Certified Financial Planner (CFP) can assess your risk tolerance through a questionnaire. They can recommend ELSS funds that suit your risk profile.

3. Research and Analysis:

Do Your Homework! Don't just pick the first ELSS fund you see. Research different fund houses and their ELSS offerings. Look at factors like past performance (remember, past performance is not a guarantee of future results), expense ratio, and the fund manager's track record.

Online Resources: Many financial websites and publications provide ratings and reviews of ELSS funds. Use these resources to shortlist a few options.

4. Consult a CFP:

Expert Advice! A CFP can analyze your financial situation, risk tolerance, and goals. They can recommend a diversified portfolio of ELSS funds that aligns with your needs and provides optimal tax benefits under Section 80C.
Remember, choosing the right ELSS fund is crucial for your long-term financial success. Don't rush into any decisions. Invest your time in research and consult a CFP for personalized guidance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2156 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

Asked by Anonymous - May 06, 2024Hindi
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Hello Sir, I am NRI - 38 Yr Old, I am targeting for 20 Cr..Currently investigating 65K/ Month in MF for last 4 Yr with additional 50K/Min Stock and 20K/M in ETF, 12.5K/ Month in NPS and 12.5K/Month in PPF for last 6 Yrs, 20K / M in US Stock, 10K/ Month in Crypto. Can i reach the target by age 60, Thanks for your feedback
Ans: that's impressive! You're investing a significant amount across various asset classes - a good first step towards your ambitious goal of Rs. 20 crore by age 60. Let's analyze your strategy and discuss some key points:

1. Disciplined Investor!

Thumbs Up! You're consistently investing in Mutual Funds (MFs), Equity Linked Schemes (ELSS/PPF), National Pension System (NPS), US Stocks, and even Crypto. This shows discipline and a willingness to explore various avenues.

Diversification is Key! Investing across asset classes like Equity (MFs, US Stocks), Debt (PPF, NPS), and Crypto helps spread risk. However, the weightage in each class needs evaluation.

2. Aggressive Approach:

High Target! Reaching Rs. 20 crore in 22 years (60 - 38) requires a high return rate. Historically, a balanced portfolio of actively managed Equity Funds (targeting 12-15% return) may not be enough on its own.

Risk and Reward: Allocating a significant portion to Crypto (high risk, high potential return) and individual Stock Picking (potentially higher returns but requires in-depth research) can increase your chances of achieving your target, but also increases risk.

3. Seek Expert Guidance:

Professional Help! A Certified Financial Planner (CFP) can analyze your risk tolerance, investment horizon, and goals. They can recommend an optimized asset allocation across MFs, NPS, PPF (debt-oriented), and potentially a smaller allocation to US Stocks and Crypto based on your risk profile.

Regular Review: The market keeps changing. A CFP can help you periodically review your portfolio, rebalance if needed, and ensure your strategy remains on track for your long-term goal.

Remember, reaching a goal of Rs. 20 crore requires a well-defined strategy, discipline, and potentially a high risk tolerance. Consulting a CFP can help you create a personalized plan and increase your chances of success.

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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