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Abhishek

Abhishek Dev  | Answer  |Ask -

Financial Planner - Answered on Aug 31, 2023

Abhishek Dev is the co-founder and CEO of the financial planning company, Epsilon Money Mart.
A management graduate, he has over 21 years of experience in asset and wealth management.
He has been associated with reputed companies like HSBC GAM (India, south east Asia), PGIM, AMC, AMEX Bank, HDFC AMC and UTI in various roles, including leading business management, sales, marketing, product development and as a board member.... more
Vivek Question by Vivek on Aug 30, 2023Hindi
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Money

I am 42 yr with capital of 30lac to earn monthly income of 40k after 5 year how much I should Invest

Ans: Assuming your current investments grow ~12% CAGR for the next 5 years, your total corpus will be Rs. 54.5 lacs approximately. Now we are assuming Rs. 40,000 monthly requirement is already inflation adjusted, otherwise the requirement will come close to ~Rs. 54,000 on the 6th year (inflation @ 6%).
We suggest you do a monthly SIP of Rs. 25,000 for the next 5 years. You corpus will come close to Rs. 75 lacs, assuming to grow at 12%; you should be able to take out the required monthly instalment for close to 24 years, assuming your investments continue to grow at ~9% yearly with inflation ~5%.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |8058 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 06, 2024Hindi
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I am 43 years.. my salary is 27000 per month..how much shud i invest to get 50 lakhs after 2 years.
Ans: It's great that you're considering your financial goals. Let's discuss how much you should invest to reach ?50 lakhs in 2 years.

Your commitment to financial planning is commendable, and setting a specific goal is the first step towards achieving financial success.

Assessing the Goal
To achieve ?50 lakhs in 2 years, you need to adopt a focused and aggressive savings and investment strategy.

Evaluating Feasibility
Given your salary of ?27,000 per month, achieving a target of ?50 lakhs in just 2 years might be challenging. Let's explore the feasibility.

Analyzing Investment Requirements
To reach ?50 lakhs in 2 years, you need to calculate the monthly investment required based on your expected rate of return.

Planning for Realistic Goals
Given the short investment horizon of 2 years, aiming for a target of ?50 lakhs may not be realistic. It's essential to set achievable goals aligned with your financial capacity.

Considering Alternative Strategies
Instead of targeting a specific amount, focus on maximizing your savings and investing in avenues that offer potential growth over the long term.

Emphasizing Regular Funds Investing through MFD with CFP Credential
Engaging a Certified Financial Planner who is also a Mutual Fund Distributor (MFD) can help you develop a realistic financial plan and guide your investment decisions.

Conclusion
While achieving a target of ?50 lakhs in 2 years may be challenging with your current income, setting realistic goals and adopting a disciplined savings and investment approach can lead to financial security and growth over time.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Dr Upneet

Dr Upneet Kaur  |9 Answers  |Ask -

Marriage counsellor - Answered on Feb 27, 2025

Asked by Anonymous - Feb 22, 2025Hindi
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Relationship
I am a 31-year-old woman, married for 5 years, with a 3-year-old daughter and a 1-year-old son. I got married in 2019 at the age of 26, while my husband was 28. Both of us are entrepreneurs and have been running a coal business. Unfortunately, when COVID hit in 2020, our business faced significant challenges, and we have struggled to recover since then. As a result, we moved in with my in-laws. During this transition, I had my daughter and son. We've been actively trying to start a new business, but it hasn't quite come together yet. My husband recently found a job that he loves, although it doesn't pay well enough to allow us to move out. He seems content in this position because it's close to home and aligns with his passion. However, I feel frustrated because when I suggest he look for a higher-paying job to improve our situation, he is hesitant since he’s focused on pursuing what he loves. Living with my in-laws has been challenging, as our relationship has had its difficulties from the start. I'm concerned that they are unintentionally affecting my children's perspective on parenting, and they aren't able to care for the kids regularly so I can explore job opportunities, including remote work. I often feel trapped and hopeless but recognize that leaving this situation isn’t viable financially. Returning to live with my parents is also not an option due to the complicated dynamics there. Despite these challenges, I want to find a way to navigate my feelings of isolation and make progress. I would appreciate any advice or constructive suggestions on how to improve our situation and create a more supportive environment for my family and myself. Thank you.
Ans: Hello mam
I am sorry to hear about the loss your business made in covid. That time was a real challange for all of us.
Lets focus on your problem now. Mam, as now you are living with your in laws, I am sure your husband must be feeling bery secure and happy. But you may have some challanges. Diffrence of opinion always occur in joint families specially when parenting of kids are involved coz they want to raise your kids according to them which can sometime create conflicts Between the family members. Tou can discuss the matter with your husband without blaming anyone and then with his help you can talk to your in laws to support a little bit so that you can also search further for a job. This will increase your satisfaction level and you ll be happy in your family.
Think about it and try this out. I am sure it will work. Plz do tell me your feedback. Take care !
Regards
Dr Upneet kaur
Reach me : https://www.instagram.com/dr_upneet

...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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