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Shekhar

Shekhar Kumar  |154 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 15, 2024

Shekhar Kumar is senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh. He has 18 years of expertise in the search and placement of executive leadership talent across various industries.
He has also mentored middle and senior management professionals for leadership positions and guided them in career development.
Shekhar has a bachelor's degree in business management from Magadh University, Bihar, and a master's degree in human resource management from Annamalai University, Tamil Nadu.... more
Md Question by Md on Apr 12, 2024Hindi
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Career

I'm a Mechanical engineer I have passed in 2017 till now I'm unemployed ... I have gave almost 100of competitive exams but failed .... My parents are getting older day by day but still I cannot did something for them .... But I thought to quit my life .... I'm frustrated.. if someone have any advice please give

Ans: Thank you for reaching out to me on Rediff Gurus. I'm really sorry to hear that you're going through such a difficult time. It's completely understandable to feel frustrated and overwhelmed when facing challenges like unemployment and the pressure of family responsibilities. However, I want to assure you that there is still hope and support available, and suicide is never the answer. Here are a few things to consider for yourself. First of all you should know that it is not your fault that you're facing difficulties in finding employment. The job market is incredibly competitive, and many factors beyond your control can influence hiring decisions hence try to be kind to yourself and recognize that setbacks are a natural part of life.

Please consider broadening your job search to go beyond government jobs to include different industries or roles that may utilize your mechanical engineering skills in unique ways. Networking with professionals in your field and attending job fairs can also help you discover new opportunities. Kindly break down your goals into smaller, manageable steps. Instead of focusing solely on finding a job, consider setting goals related to gaining new skills, volunteering, or pursuing further education. Celebrate each small achievement along the way.

If you're still struggling with feelings of depression or hopelessness, consider seeking professional help from a therapist or counselor. They can provide personalized support and strategies to help you cope with difficult emotions and develop a plan for moving forward. You can also talk to someone you trust, whether it's a family member, friend, or mental health professional near you. They can provide emotional support, guidance, and perspective.

Always remember that difficult times won't last forever, and there are always opportunities for growth and change. Stay hopeful and keep reminding yourself that things can get better with time and persistence. You're not alone in your struggles, and there are people who care about you like your parents, and they need you. Please don't hesitate to reach out for support, whether it's from loved ones, a mental health professional, or a helpline. You deserve to find happiness and fulfillment in your life, and there are resources available to help you get there. Feel free to contact me on Rediff Gurus if you need further assistance or help.
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Archana

Archana Deshpande  |93 Answers  |Ask -

Image Coach, Soft Skills Trainer - Answered on Apr 25, 2024

Asked by Anonymous - Apr 16, 2024Hindi
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Career
Hi, Im a 23 year old mechanical engineering graduate, currently unemployed, I am feeling to do some progress everyday, but day after day, nothing changes, I cant figure out what to do with this life and feeling very much lost, Cant think properly on doing what changes my life?
Ans: Hello!!

This information you have shared is not enough to understand what is that you are exactly wanting right now.
Let me see how I can help you. First of all extend your arm and pat yourself on the back for completing your engineering. You are a mechanical engineer!! Celebrate the fact and feel good about yourself.

I like the fact where you say "I am currently, unemployed", this can change soon, look out for opportunities, keep attending interviews, prepare well, ask for help, give it your best shot. Treat every failure as part of a learning process in becoming better next time. Surround yourself with positive and encouraging people.

Till you find a job, live life well on a day to day basis-
1. wake up early
2. exercise
3. eat well and sleep well
4. dress well at home too, don't be in your pyjamas, you should be in such a state that if someone asks you to come for an interview right away, you must be ready
5. beware of negative self talk... nip negative thoughts in the bud
6. looking for a job is your full time job, keep looking
7. be helpful around the house if you are living with your parents
8. till you find a job keep learning and building on your skills
9. volunteer to teach and help the less fortunate lot
10. do not sit idle, keep your body and mind active

Constantly invest in activities that ensure your physical, mental, emotional and spiritual well being!! Have rituals that focus on these four pillars of your life!

Blessings and all the very best!!

..Read more

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Ramalingam

Ramalingam Kalirajan  |7279 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 18, 2024

Asked by Anonymous - Dec 17, 2024Hindi
Money
Question on Financial Planning: I am 53 years old and took retirement in 2023, a year ago. I have a corpus of approximately ?20 crores allocated as follows: ?6.5 crores in stocks ?5 crores in mutual funds ?5 crores in debt instruments ?2 crores in gold ?1.8 crores in a savings bank account** (to cover the next 12 years of household expenses). My monthly expenses are approximately ?1 lakh, and I receive: ?70,000 per month as house rent (?8.4 lakhs annually) ?10 lakhs annually as dividends from stocks. I have allocated ?5 crores in debt instruments to fund the higher education of my two sons (expenses will arise after 1 year and after 4 years). My goal is to grow my equity portfolio over the next 12 years since I do not depend on it for my current monthly expenses. Additionally: I have adequate health insurance. I own properties worth ?7.5 crores. I have no liabilities. My query: Is my financial planning on track, or do you see any areas for improvement or correction? I am open to suggestions for optimizing my investments, especially considering my goals of equity growth, funding my sons' education, and maintaining a comfortable retirement.
Ans: Your financial planning reflects strong foresight and effective resource allocation. With a corpus of Rs. 20 crores and no liabilities, your position is financially stable. Let us evaluate your financial setup from a 360-degree perspective and suggest areas for optimisation.

Assessment of Current Allocations
Equity Portfolio: Stocks (Rs. 6.5 Crores)
Your equity allocation reflects a growth-oriented approach.
A diversified stock portfolio is ideal for long-term growth.
Ensure the portfolio is well-balanced across sectors and market capitalisations.
Mutual Funds (Rs. 5 Crores)
Mutual funds provide diversification and professional management.
Review the fund categories to maintain a mix of large-cap, mid-cap, and flexi-cap funds.
Regular performance reviews are essential to optimise returns.
Debt Instruments (Rs. 5 Crores)
Allocating Rs. 5 crores for your sons’ education is prudent.
Ensure the debt investments are in low-risk instruments like bonds or fixed deposits.
Laddering maturity dates aligns well with your sons’ educational timelines.
Gold (Rs. 2 Crores)
Gold provides stability during market volatility.
Keep it as a hedge against inflation but avoid further allocation to this asset.
Savings Account (Rs. 1.8 Crores)
Holding Rs. 1.8 crores for 12 years of expenses is a cautious approach.
Move a part of this amount into liquid funds for better returns with liquidity.
Income and Monthly Expenses
Rental Income (Rs. 8.4 Lakhs Annually)
Rental income covers 70% of your monthly expenses.
Ensure the rental property is well-maintained to sustain consistent returns.
Dividends (Rs. 10 Lakhs Annually)
Dividend income provides an additional safety net.
Reinvest surplus dividends into mutual funds for compounded growth.
Monthly Expenses (Rs. 1 Lakh)
Your monthly expenses are comfortably managed.
Maintain a contingency fund of at least Rs. 20-25 lakhs for unexpected costs.
Recommendations for Optimising Equity Portfolio
Focus on Quality Stocks

Prioritise stocks of companies with strong fundamentals and consistent earnings.
Avoid overexposure to any single sector or company.
Systematic Equity Investments

Add to your equity portfolio gradually through Systematic Transfer Plans (STPs).
This reduces market timing risks.
Regular Portfolio Review

Review the equity portfolio annually.
Exit underperforming stocks and reallocate to high-growth opportunities.
Enhancing Mutual Fund Returns
Diversify Fund Selection

Include funds with different strategies to maximise returns.
A Certified Financial Planner can help identify high-performing funds.
Avoid Direct Mutual Funds

Regular funds offer advisory support for timely rebalancing.
This helps navigate market volatility effectively.
Utilise Tax-Efficient Withdrawals

Plan withdrawals systematically to reduce tax liability on capital gains.
Debt Instruments: Securing Educational Goals
Low-Risk Instruments for Predictable Returns

Allocate funds to secure options like government bonds, fixed deposits, or debt mutual funds.
Match the maturity timelines with educational milestones.
Avoid Premature Withdrawals

Breaking long-term debt investments can reduce returns.
Use other funds for emergencies to protect this allocation.
Optimising Gold Allocation
Retain as a Hedge

Gold should form no more than 10% of your portfolio.
Avoid further investments unless there are specific requirements.
Leverage Gold for Liquidity

Gold-backed loans can provide temporary liquidity if needed.
Savings Account Allocation
Move Funds to Liquid Investments

Savings account returns are suboptimal for such a large balance.
Move funds into liquid funds for higher returns and liquidity.
Emergency Fund Segregation

Retain Rs. 50 lakhs for immediate emergencies.
Invest the rest in short-term debt instruments or liquid funds.
Maintaining a Comfortable Retirement
Healthcare Planning

Ensure health insurance policies are adequate for critical illnesses.
Maintain a separate corpus for medical emergencies.
Contingency Fund Maintenance

Keep Rs. 20-25 lakhs readily accessible for unforeseen expenses.
Review this fund periodically to adjust for inflation.
Estate Planning

Draft a will to avoid disputes and ensure smooth wealth transfer.
Assign nominees for all investments and properties.
Taxation Considerations
Equity Taxation

Long-term capital gains (LTCG) above Rs. 1.25 lakhs are taxed at 12.5%.
Short-term capital gains (STCG) are taxed at 20%.
Debt Taxation

Debt instruments are taxed as per your income tax slab.
Choose tax-efficient options like tax-free bonds if needed.
Dividend Income

Dividends are taxed at your marginal income tax rate.
Reinvest dividends for tax-efficient growth.
Final Insights
Your financial plan is well-structured and aligns with your goals. However, optimising your equity and mutual fund allocations can enhance growth potential. Move idle funds from your savings account into liquid investments for better returns. Review and rebalance your portfolio periodically with the help of a Certified Financial Planner. Your current strategy provides a secure foundation for funding education, retirement, and wealth growth.

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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