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Worried Dad: How Can My Son Manage Job Prospects in the Current US Climate?

Sushil

Sushil Sukhwani  | Answer  |Ask -

Study Abroad Expert - Answered on Aug 21, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
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hello sir my son is in USA 2nd year Master CS from USC California due current usa job scenario he is tense so what should he do please suggest

Ans: Hello Invest,

To begin with, thank you for reaching out to us. Your son need not worry about job prospects, as graduating with a Master’s in Computer Science positions him exceptionally well in a field with no shortage of opportunities. Emerging fields like artificial intelligence, machine learning, and cybersecurity have a huge demand for skilled professionals and there is no indication of the trend slowing down. I wish your son the very best in all his future endeavors.

Our website- edwiseinternational.com
You can also follow us on our Instagram page - @edwiseint
Asked on - Aug 26, 2024 | Answered on Aug 26, 2024
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sir my second son got addmision for master in CS USA IN UIUC AND Purdue AND USC SIR PL SUGGEST WHIC IS BEST FOR FUTURE
Ans: Hello Invest,

First of all congratulations to your son for securing admission into three great universities in the USA - University of Illinois Urbana-Champaign (UIUC), Purdue University, and the University of Southern California (USC). UIUC is renowned for its top-ranked program and strong research opportunities, with excellent industry connections, though the weather in Illinois is quite cold. Purdue offers many respected programs with a focus on software engineering and cybersecurity, and its suburban setting might provide a different lifestyle experience. USC, located in Los Angeles, provides access to a vibrant tech industry and a milder climate, but it comes with a higher cost of living. Your son should carefully consider all the various aspects that are important to his specific interests, career goals, and personal preferences regarding course specialization, location, and financial considerations.

For more infromation you can visit our website: edwiseinternational.com
You can also follow us on Instagram: @edwiseint
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Sushil

Sushil Sukhwani  | Answer  |Ask -

Study Abroad Expert - Answered on Jul 15, 2023

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Sushiolj sir. My son has completed his MS in Computer Science from University of Colorado, Boulder( one and a half months back), Due t o recession as of now he has no job and searching for a job, there itself. before going to US he has four years exp in soft ware field, whether he should stay for some more time or he should see a job in India itself, what is your personal opinion please.
Ans: Hello Prasanna,

First and foremost, thank you for getting in touch with us. I understand your anxiety regarding your son's job possibilities after earning his MS in Computer Science at the University of Colorado. The job market can be difficult, particularly during times of recession. For the purpose of deciding whether to hunt for employment in the United States or move back to his own country, it is advised that your son take into account the following factors:

1. Analyze the employment situation in both places.
2. Consider his immigration situation and work permit.
3. Consider his professional network and relationships.
4. Consider his long-term professional objectives and the opportunities available.
5. Consider the financial consequences of each option.
6. Consider personal preferences, as well as cultural and lifestyle influences.
7. During the job search process, be tenacious and patient.
8. Use the time to network and gain new skills.

Finally, the decision should be based on a blend of practical and personal preferences.

For more information, you can visit our website.

..Read more

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Ramalingam

Ramalingam Kalirajan  |7629 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 24, 2025

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Hello, I want a monthly withdrawal of 2lakh through SWP. Give me the amounts and expect ROI for various instruments that I should use. Also what factor to consider as I would be able to invest those amount lets say after a year.
Ans: To achieve a sustainable monthly withdrawal of Rs. 2 lakh (Rs. 24 lakh annually), we need to identify the right mix of investments and expected returns. Let us create a detailed framework.

1. Factors to Consider Before Investing
Time Horizon: You plan to start investing after a year. This delay impacts your compounding benefit, but planning ahead mitigates it.

Expected Rate of Return (ROI): Different instruments offer varied returns. Diversification ensures both growth and stability.

Withdrawal Feasibility: Sustainable withdrawals depend on balancing withdrawals with corpus growth.

Inflation Impact: Investments must generate returns above inflation to preserve corpus value.

Risk Appetite: Choose instruments aligning with your comfort towards volatility.

Tax Efficiency: Optimise your withdrawals and investments for better post-tax returns.

2. Expected ROI for Investment Options
Here is the expected ROI and rationale for different asset classes:

Actively Managed Equity Mutual Funds

Allocation: 50% of the corpus
Expected ROI: 12% annually
Rationale: These funds provide high returns and help beat inflation over the long term.
Debt Mutual Funds

Allocation: 30% of the corpus
Expected ROI: 7% annually
Rationale: These offer stability with moderate returns and are suitable for regular withdrawals.
Fixed-Income Instruments (e.g., FDs, SGBs)

Allocation: 15% of the corpus
Expected ROI: 6-7.5% annually
Rationale: Secure returns with no market risk. Ideal for stability.
Liquid Mutual Funds

Allocation: 5% of the corpus
Expected ROI: 4-5% annually
Rationale: Quick access for emergencies or interim cash flow needs.
3. Corpus Required for Rs. 2 Lakh Monthly Withdrawal
Corpus Based on ROI
At 8% ROI: A corpus of Rs. 3 crore is required.
At 9% ROI: A corpus of Rs. 2.66 crore is required.
At 10% ROI: A corpus of Rs. 2.4 crore is required.
The corpus requirement reduces with higher returns but increases risk exposure.

Building the Corpus Over One Year
If the funds are idle for a year, invest them in liquid mutual funds temporarily. These yield 4-5% with low risk.
Use Systematic Transfer Plans (STPs) to gradually move funds into equity and debt over 12-18 months.
4. Investment Plan for SWP
Equity Mutual Funds (50% Allocation)
Allocate Rs. 1.5 crore to equity funds.
Delay SWP for at least three years to allow growth.
Equity funds ensure high long-term returns, reducing inflation's impact.
Debt Mutual Funds (30% Allocation)
Allocate Rs. 90 lakh to debt funds.
Start SWP immediately from this portion.
These funds provide stable returns and low volatility.
Fixed-Income Instruments (15% Allocation)
Allocate Rs. 45 lakh to secure instruments like FDs or Sovereign Gold Bonds.
Use these funds for stability and emergencies.
Liquid Mutual Funds (5% Allocation)
Allocate Rs. 15 lakh to liquid funds.
Use these funds for interim liquidity needs and to manage cash flow gaps.
5. Steps for Efficient Withdrawal
Start withdrawals from debt and liquid funds first. Let equity funds grow for 3-5 years.
Monitor returns annually to adjust the withdrawal rate or asset allocation.
Keep a buffer of 1-2 years' expenses in liquid funds for emergencies.
Review the tax efficiency of your withdrawals and rebalance your portfolio every year.
Final Insights
A well-diversified portfolio ensures stable withdrawals of Rs. 2 lakh monthly. Focus on equity for growth, debt for stability, and liquid funds for emergencies. Starting the plan early and monitoring it regularly will ensure financial independence.

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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