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Shekhar

Shekhar Kumar  |154 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 29, 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
Asked by Anonymous - Apr 22, 2024Hindi
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I passed out in 2020 and started my career as mechanical design engineer i started working for a drone startup as a product designer and now i am working as design engineer in a service based MNC, i have total 3 years of experience is it okay if i shift my role into data analytics, business analyst, operations analyst or something like that.

Ans: Transitioning from a mechanical design engineer role into fields such as data analytics, business analysis, or operations analysis is definitely possible, especially with your three years of experience and a background in engineering. As a mechanical design engineer, you likely have developed valuable skills such as problem-solving, critical thinking, attention to detail, and proficiency in technical tools and software. Evaluate how these skills can be applied to roles in data analytics, business analysis, or operations analysis. Consider acquiring additional skills and knowledge relevant to your target roles. This may include learning programming languages (e.g., Python, R, and SQL), statistical analysis tools, data visualization techniques, and business analysis frameworks. Explore online courses, certifications, or boot camps in data analytics, business analysis, or operations management to enhance your qualifications and credibility in these fields. Connect with professionals working in data analytics, business analysis, or operations roles to learn about their experiences, career paths, and skill requirements. Join industry groups, attend networking events, and participate in online communities to expand your professional network and gain insights into potential career opportunities. Update your resume and LinkedIn profile to highlight relevant skills, experiences, and achievements that demonstrate your suitability for roles in data analytics, business analysis, or operations analysis. Tailor your job search strategy to target companies, industries, or sectors that value cross-functional skills and welcome candidates from diverse backgrounds.

Overall, transitioning from a mechanical design engineer role into data analytics, business analysis, or operations analysis is feasible with the right mindset, skills, and preparation. By leveraging your existing experiences, acquiring new skills, and networking effectively, you can position yourself for success in your desired career path.
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Insurance, Stocks, MF, PF Expert - Answered on Mar 08, 2025

Asked by Anonymous - Mar 06, 2025Hindi
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Can I retire at age of 50 years? My savings are cash in Bank around Rs 2 Cr with nominal FD returns, Have Physical Gold about 3 Kg (Purchase price 1.8 Cr), Have Ornament Gold about 2.3 Kg (Purchase price 1.2 Cr), Have Unlisted NSE stock worth 1 Cr, Have Pre IPO Opportunities Fund worth Rs 80 Lakhs, Have two apartments worth 3 Cr and 1.5 Cr with combined rental of Rs 1Lakh per month, Have residential plot worth 1.5 Cr, Have one house abroad worth 6 Cr and rental 2 Lakhs per month, Have cash in Offshore Bank in dollars i.e. worth Rs 12 Cr with nominal FD returns, Have Insurance schemes worth Rs 20 Lakhs and Lastly have a house worth Rs 18 Cr in which we currently reside. Our Expenses : We have no Loans/Debts, Our Average Monthly Expenses are Rs 8 Lakhs, Health Insurance Rs 1.5 Lakhs per annum, Total College Education abroad for 2 kids for next 6 years estimated to be Rs 6 CR on an average 1CR per year, Old Aged Parents Expenses Rs 2 Lakhs per month.
Ans: Hello;

Just summarizing your assets available for generating retirement income:

1. Domestic FD: 2 Cr
2. Gold(3 Kg) valued at~:2.64 Cr
3. Jewellery valued at~:2 Cr
4. Flat1: 3 Cr
5. Flat2: 1.5 Cr
6. Land: 1.5 Cr
7. Overseas House: 6 Cr
8. Overseas FD: 12 Cr
9. Self occupied property: 18 Cr
10. Stock & AIF: 1.8 Cr
Total: 50.44 Cr
(Gold price considered: 88 K per 10 gm)
However we can subtract assets at serial no. 3, 7 and 9 from this and we get a corpus of 24.44 Cr. The 44 L may be kept aside for transaction costs, taxes etc.

It is advisable that you sell the flats in India offering low rental yield and also physical gold and the land property.

Now the corpus of 24 Cr may be split into two parts:
20 Cr may be invested in MFs for SWP at 5% yielding post tax income of around 7.3 L per month.

4 Cr may be used to buy immediate annuity from a life insurance company. Assuming 6% annuity rate you may expect a post tax monthly income of 1.4 L.

So your post tax monthly income may be:
7.3+1.4+2*=10.7 L as desired.
*Rental from overseas House

Since the kid's higher education is not finding place here I suggest you work for few more years, while putting this retirement income plan in place, for funding their higher education.

Best wishes;
X: @mars_invest

...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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