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Amit

Amit Bansal  | Answer  |Ask -

Answered on Jun 18, 2010

guru Question by guru on Jun 18, 2010Hindi
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Sir how i can aply for companies situated in USA or abroad?i m fresher

Ans: There are consultants who specialize in this
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I am M.com ...and would like to take job job in top international.... please guide
Ans: Transitioning from an M.Com. (Master of Commerce) background to securing a job in a top international company requires a strategic approach and a focus on building relevant skills and experiences. Customize your resume, cover letter, and online profiles to highlight your relevant skills, experiences, and achievements. Tailor your application materials to each company and role to demonstrate your genuine interest in and fit for the position. Showcase your international experience, language proficiency, and cultural awareness, if applicable, as these qualities can be valuable in a globalized work environment.

Consider pursuing additional certifications, courses, or training programs to enhance your skill set and make yourself more competitive in the job market. Look for opportunities to gain expertise in areas such as data analysis, financial modeling, project management, or international business. Take on challenging projects or assignments in your current role that demonstrate your abilities and showcase your potential to prospective employers. Leverage your personal and professional networks to connect with professionals working for top international companies. Attend industry events, networking seminars, and career fairs to expand your network and learn about job opportunities. Utilize professional networking platforms such as LinkedIn to connect with industry professionals, join relevant groups, and engage in conversations about industry trends and developments. Research the company thoroughly, including its history, products and services, competitors, and recent news. Prepare insightful questions to ask during the interview to demonstrate your motivation and curiosity about the company.

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Ramalingam Kalirajan  |5193 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 12, 2024Hindi
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Money
My Age is 47, and my current savings are as follows 1. EPF : 5L 2. PPF : 5L 3. NPS : 5L 4. MF & Equity : 2L 5. FD & Savings : 2L 6. ULIP : 3.5L One parental house , 2 kids who are studying in class 9th and 7th respectively. kindly suggest post retirement mediacal assistance needs and 75k per month
Ans: Current Financial Snapshot

You are 47 years old. Your savings include:

EPF: Rs 5 Lakhs

PPF: Rs 5 Lakhs

NPS: Rs 5 Lakhs

Mutual Funds & Equity: Rs 2 Lakhs

FD & Savings: Rs 2 Lakhs

ULIP: Rs 3.5 Lakhs

You have one parental house and two kids in class 9th and 7th.

Retirement Planning Goals

To secure your future, you aim for a monthly income of Rs 75,000 post-retirement.

Retirement Corpus Calculation

To generate Rs 75,000 monthly, you need a substantial corpus. Considering inflation, this corpus must last through your retirement.

Asset Allocation Strategy

Diversify Investments

Spread your investments across various asset classes. This reduces risk and maximizes returns.

Increase Equity Exposure

Increase your investments in equity mutual funds. They offer higher returns over the long term.

Reduce Low-Yield Investments

Reduce your holdings in FDs and low-yield savings. They don't beat inflation.

Maximize Tax Benefits

Continue investing in EPF, PPF, and NPS. They offer good tax benefits.

Regular vs. Direct Mutual Funds

Professional Guidance

Regular funds come with professional guidance from an advisor.

Monitoring and Rebalancing

An advisor regularly monitors and rebalances your portfolio.

Disadvantages of Direct Funds

Direct funds lack professional advice. You must manage and rebalance yourself.

ULIP Assessment

Surrender Policy

Consider surrendering your ULIP. They often have high charges and low returns.

Reinvest in Mutual Funds

Reinvest the proceeds in diversified equity mutual funds.

Education Fund for Children

Start an SIP

Start a Systematic Investment Plan (SIP) in mutual funds. This helps in building a corpus for your children's higher education.

Diversify Investments

Diversify across equity, balanced, and debt funds. This reduces risk.

Post-Retirement Medical Assistance

Health Insurance Coverage

Opt for a comprehensive health insurance plan. It should cover hospitalization, surgeries, and critical illnesses.

Family Floater Plan

Consider a family floater plan. It covers all family members under a single sum assured.

Top-up Health Plans

Add top-up health plans to increase coverage without high premiums.

Regular Premium Payments

Ensure timely premium payments. This keeps your health insurance active.

Actionable Steps

Meet a Certified Financial Planner

Consult a CFP for personalized financial planning.

Increase SIP Amount

Gradually increase your SIP in mutual funds. This helps in accumulating a larger corpus.

Review and Rebalance Portfolio

Review your portfolio regularly. Rebalance it to match your risk tolerance and financial goals.

Emergency Fund

Maintain an emergency fund. It should cover 6-12 months of expenses.

Final Insights

Building a secure financial future requires careful planning. Diversify your investments, increase equity exposure, and reduce low-yield investments. Secure health insurance and plan for your children's education. Regularly review and rebalance your portfolio.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

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