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51 Year Old Wants to Secure Daughter's Future and Retirement - Investment Advice Needed?

Ramalingam

Ramalingam Kalirajan  |6558 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 06, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
M Question by M on Sep 05, 2024Hindi
Money

Hi Sir, I am 51 year working professional with wife and daughter . I am investing around 70K per month in MF-SIP since last 7-8 years in below MF- 1. Aditya Birla Sun Life multi-cap fund 2. HDFC Flexi fund 3. HDFC top 100 4. Bandhan Flexi Cap 5. Nippon India Growth fund 6. Nippon India small cap 7. SBi Blue Chip I have medical insurance and term plan. My goal are- 1. 1.0Cr. in 5 Years for daughter's higher education. 2. 1.0Cr in 10 Years for daughter's marriage. 3. 3.5 Cr in 8 years for my retirements. I have PPF and Sukanya Samridhi account also. Pls review my investment and guide if this is sufficient to achieve my goals. Thanks

Ans: At 51, you have a structured plan for your family's future, which is commendable. The goals you’ve outlined for your daughter's education, marriage, and your retirement are well-defined, and the fact that you've been consistently investing Rs. 70,000 per month into mutual funds for the past 7-8 years shows that you're disciplined in your approach.

In this comprehensive response, I'll analyze your current portfolio, review your financial goals, and provide detailed insights on how to optimize your investments to ensure you meet these goals without unnecessary risk. My aim is to give you a complete 360-degree financial solution.

Let’s start by addressing each goal and analyzing your current investments in the context of those goals.

Goal 1: Rs. 1 Crore in 5 Years for Your Daughter's Higher Education
Achieving Rs. 1 crore in just 5 years is an ambitious but achievable goal. However, considering the shorter investment horizon, a cautious approach is required. Equity mutual funds, while great for long-term growth, can be volatile over a short to medium-term period, especially when market fluctuations are unpredictable.

Current Investment Strategy: You are invested in a mix of multi-cap, flexi-cap, large-cap, and small-cap funds. While these have performed well over the long term, the risk associated with small-cap and mid-cap funds could be a concern as your daughter’s education approaches. Market corrections could result in lower returns or even potential losses in the short run.

Suggested Approach:

Shift Gradually to Lower Risk Investments: To protect your accumulated wealth, I suggest gradually shifting a portion of your equity investments into safer options like debt mutual funds or hybrid funds. These funds can provide stability and lower volatility while still delivering moderate returns. A good rule of thumb would be to start moving some investments to debt-oriented funds by the third year from now.

Increase Stability Through Hybrid Funds: Consider hybrid funds, which invest in a mix of equity and debt. They offer a blend of growth and security. For example, while large-cap stocks provide moderate growth, the debt portion of the fund ensures stability. This will help you balance risk and reward as the education date nears.

Start with Systematic Transfer Plans (STP): If you want to minimize market timing risk, you can start using STP (Systematic Transfer Plans). STP helps in transferring a fixed amount from an equity mutual fund to a debt fund on a regular basis. This smoothens the volatility and avoids the risk of pulling out your entire investment during a market dip.

Top-Up Your SIP: If you feel that you’re slightly behind in reaching the Rs. 1 crore mark, you can top up your SIPs by an additional 5-10% each year. This will help in offsetting any market underperformance or inflation.

By making these adjustments, you can achieve your Rs. 1 crore goal within 5 years with lower risk, especially as the timeline gets shorter.

Goal 2: Rs. 1 Crore in 10 Years for Your Daughter’s Marriage
Your second goal of Rs. 1 crore in 10 years for your daughter's marriage has a longer investment horizon, which allows you to stay invested in equities for a little longer. Equity funds are known for outperforming other asset classes over a 10-year period, and the market volatility smoothens out over the long term.

Current Investment Strategy: You are invested in large-cap, multi-cap, flexi-cap, and small-cap funds, which offer good growth potential for this 10-year horizon. The flexibility provided by flexi-cap funds (which invest across different market capitalizations) helps to manage volatility, while large-cap funds provide stability.

Suggested Approach:

Stick to Equity Funds for the Next 7 Years: Continue with your equity investments for at least the next 7 years, as equities have the potential to deliver high inflation-beating returns. Large-cap funds provide stability, while multi-cap and flexi-cap funds will offer growth from a mix of mid-cap and small-cap stocks.

Start Transitioning to Debt Funds in Year 7: Around the 7th year, you can start gradually transitioning a portion of your investments into debt funds or hybrid funds. By this time, your portfolio would have benefited from equity market growth, and this shift will protect the wealth you've accumulated from short-term market fluctuations.

Consider Top-Upping SIPs: If you find yourself falling short of the Rs. 1 crore mark, a small increase in SIP contributions each year can help. Even a 5% annual top-up in your SIPs can ensure you meet your goal without compromising on your lifestyle.

Tax Efficiency: Remember, any capital gains from your investments will be subject to taxation. Equity investments held for more than 1 year are taxed at 10% on capital gains exceeding Rs. 1 lakh. Be mindful of this when planning withdrawals.

Goal 3: Rs. 3.5 Crore in 8 Years for Your Retirement
Your retirement goal is to accumulate Rs. 3.5 crore within 8 years. This is a crucial goal as it ensures financial independence in your post-working years. Retirement planning requires a careful balance of wealth accumulation and risk management, particularly as you get closer to your retirement date.

Current Investment Strategy: Your current portfolio mix is aggressive enough to potentially achieve this goal, but as you near retirement, risk management becomes essential. You cannot afford significant losses in the equity market close to your retirement.

Suggested Approach:

Continue with Equity SIPs for the Next 5 Years: Over the next 5 years, continue with your equity SIPs. Equities have historically provided the best inflation-adjusted returns over the long term, which is essential for retirement planning. The large-cap, flexi-cap, and multi-cap funds in your portfolio are well-suited for this purpose.

Start Reducing Risk in Year 5: Around the 5-year mark, you should start transitioning some of your equity investments into lower-risk options. Debt mutual funds, fixed deposits, and other fixed-income securities will help protect the wealth you have accumulated and provide a more stable income stream during your retirement years.

Create a Retirement Income Stream: As you approach retirement, it's important to think about how to generate a steady income from your accumulated wealth. You can consider using systematic withdrawal plans (SWPs) from your mutual fund investments to generate a regular income. This ensures that you get a steady monthly payout while your corpus continues to grow.

Consider Health Care Costs: In retirement, health care costs can increase. Since you have medical insurance, make sure that your coverage is sufficient for potential rising medical expenses. You may want to review your health insurance coverage to ensure that it aligns with your post-retirement needs.

Inflation Protection: Given that inflation can erode the value of your savings, it is crucial that your retirement corpus continues to grow even after retirement. Equities are still a viable option for a portion of your portfolio post-retirement to ensure inflation-adjusted returns.

Reviewing Your Current Portfolio
Let’s look at the mutual funds in which you're currently invested. You mentioned funds such as Aditya Birla Sun Life Multi-Cap Fund, HDFC Flexi Cap Fund, SBI Blue Chip, and Nippon India Small Cap Fund. These funds offer a range of market capitalizations and diversification, which is good for wealth creation. However, it’s also important to evaluate these funds in terms of their performance, fees, and overlap in stock holdings.

Multi-Cap and Flexi-Cap Funds: These funds offer flexibility in investing across large, mid, and small caps. They are a good choice for long-term growth. However, it’s crucial to monitor their performance. Sometimes, funds in these categories may become too focused on one particular segment, defeating the purpose of diversification.

Small-Cap Funds: Small-cap funds can generate significant returns, but they are also highly volatile. Given that you have some short- and medium-term goals (5 and 10 years), you may want to limit your exposure to small-cap funds.

Large-Cap Funds: These provide more stability and are less volatile than small- and mid-cap funds. They should form the core of your portfolio, particularly as you approach your retirement. Large-cap funds are a good fit for wealth preservation while still offering growth.

Diversification and Overlap
While your portfolio is diversified across different market caps, it’s essential to check for overlap in the underlying stock holdings. Overlap occurs when multiple funds hold the same stocks, reducing the diversification benefit. For example, large-cap funds and multi-cap funds may both hold similar stocks, leading to a higher concentration in a few companies.

Action Plan:
Analyze Fund Overlap: Use online tools or consult with a certified financial planner to check the overlap of stocks in your funds. If there’s significant overlap, you may want to adjust your portfolio by reducing exposure to one of the overlapping funds.

Review Fund Performance Regularly: It’s important to review the performance of your mutual funds at least once a year. While long-term investing is the key, underperforming funds should be replaced with better alternatives.

Role of PPF and Sukanya Samriddhi Account
You also have investments in PPF and Sukanya Samriddhi Yojana, which are excellent choices for long-term, risk-free wealth accumulation.

PPF: Public Provident Fund (PPF) is a tax-efficient, risk-free investment with a lock-in period of 15 years. Given its safety and tax benefits, it’s a great addition to your retirement planning. The returns from PPF, though lower than equities, are risk-free and can act as a cushion during market downturns.

Sukanya Samriddhi Yojana: This scheme is an excellent way to save for your daughter’s future, given its attractive interest rates and tax benefits. The yearly Rs. 12,000 contribution is a good start, but if you can increase this contribution, it will help in meeting your daughter’s education and marriage goals more easily.

Insurance Coverage
You currently have insurance policies for yourself, your wife, and your daughter. However, I would suggest revisiting your life insurance coverage. Term insurance is the most cost-effective way to provide financial security for your family in the event of an untimely death.

Review Your Coverage: Ensure that the sum assured is sufficient to cover not just your current expenses, but also your future financial goals. If the coverage seems inadequate, consider increasing it through additional term insurance policies.

Health Insurance: As health care costs are expected to rise, it’s important to have adequate health insurance coverage. Your current medical coverage may not be sufficient in the long run, so consider enhancing it with a super top-up policy to cover higher expenses.

Emergency Fund
You mentioned that you have a small emergency fund. This is important, as it allows you to manage unforeseen expenses without liquidating your long-term investments.

Recommended Fund Size: A good rule of thumb is to keep 6-12 months' worth of living expenses in an emergency fund. Since your monthly expenses are Rs. 11,000, you should aim for at least Rs. 1 lakh in a liquid savings account or a short-term debt mutual fund.
Debt Management
You mentioned a loan of Rs. 8.8 lakh, which is manageable given your income and investment portfolio. However, you should aim to clear this loan as soon as possible. By paying off the loan, you’ll free up more money for investments and reduce your financial stress.

Strategy for Debt Repayment: Focus on repaying this loan in the next 1-2 years, so that it doesn’t interfere with your ability to invest for your financial goals. Once the loan is repaid, the freed-up cash flow can be redirected to your SIPs.
Conclusion
You’ve done an excellent job of building a diversified portfolio, and your disciplined approach to investing is commendable. However, as you get closer to your financial goals, it’s important to shift your strategy from wealth accumulation to wealth preservation. By gradually reducing your equity exposure and moving towards safer investments, you can protect your capital while still generating the returns needed to meet your goals.

Daughter’s Education: Shift to debt funds over the next 3-5 years to reduce risk.
Daughter’s Marriage: Continue with equity for the next 7 years, then transition to safer options.
Retirement: Stick with equities for 5 more years, then reduce risk by shifting to debt and hybrid funds.
Insurance: Ensure adequate life and health insurance coverage.
Emergency Fund: Maintain at least 6-12 months of living expenses in liquid assets.
Loan Repayment: Focus on clearing your loan within the next 1-2 years.
By making these adjustments, you will be well on your way to achieving your financial goals with peace of mind. Remember to review your portfolio regularly and make adjustments as needed.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
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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Ans: Hello Prashant. The portfolio seems aligned with market. I would advice reconsider your schemes of AXIS Bluechip Fund better alternative peer schemes. The selected portfolio is finely selected for long term horizon.

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I am 38 yr old with 2 daughters 14 n 7 yrs old. I earn a monthly salary of 50k per month.I have invested in SIP just since last 4 months. Aditya Birla Sun Life digital India fund growth: 3000/- ICICI prudential commodities fund direct growth: 500/- Quant small cap : 1000/- SSY: 1000/- I have a monthly emi of 15k. And other expenses of 15k Please help with me know if the MF are fine to go ahead or should I stop. If so...pl suggest better ones.
Ans: At 38, with two daughters and a monthly salary of 50k, your commitment to investing for your family's future is commendable. Let's review your current SIP investments:

Aditya Birla Sun Life Digital India Fund: This fund offers exposure to the digital revolution, which can be a high-growth sector. Given the increasing digitalization trend, it's a promising choice for long-term growth.
ICICI Prudential Commodities Fund: Commodities can be volatile and subject to market fluctuations. While they offer diversification benefits, they may not be suitable for all investors due to their inherent risk.
Quant Small Cap: Small-cap funds can offer high growth potential, but they also come with higher volatility. They're best suited for investors with a high-risk tolerance and a long-term investment horizon.
Sukanya Samriddhi Yojana (SSY): This government-backed scheme is an excellent choice for securing your daughters' future education and marriage expenses. It offers tax benefits and guaranteed returns, making it a reliable investment option.
Given your financial responsibilities and investment horizon, it's essential to ensure that your portfolio is well-balanced and aligned with your risk tolerance. Consider consulting with a Certified Financial Planner who can assess your financial goals and recommend suitable investment options.

While your current SIPs show diversity, you may want to review the ICICI Prudential Commodities Fund due to its higher risk profile. Instead, you could consider adding a diversified equity fund or a balanced fund to your portfolio for stability and growth potential.

Remember, regular review and adjustment of your investment strategy are essential to ensure it remains in line with your financial goals and risk tolerance. With careful planning and professional guidance, you can build a robust investment portfolio that secures your family's future aspirations.

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I am 43 and want to get retire with at least 1.5cr through mf sip starting today. Total 10k per month for next 15 years as 2k in parag parikh flexi fund, 2k in canara robecco bluechip, 2k in quant active fund, 2k in mirae asset large midcap fund, 1k in motilal oswal focused fund and 1k in sbi focused equity fund. Is this good to have the above investment?
Ans: Starting your retirement planning at 43 with a clear goal of Rs. 1.5 crore is a great decision! Your choice of SIP (Systematic Investment Plan) is a smart way to invest regularly. Let's see how your chosen funds can help you reach your target.

Strengths of Your Plan:

Diversification: Your selection includes flexi-cap, blue-chip, large & mid-cap, and focused funds, offering diversification across market capitalizations and investment styles.
Long-Term Focus: A 15-year investment horizon allows you to benefit from the potential of equity markets for long-term growth.
Regular Investment: SIP ensures disciplined investing and benefits from rupee-cost averaging.
Points to Consider:

Target Achievement: Reaching Rs. 1.5 crore depends on market performance. Actively managed funds aim to outperform the market, but past performance doesn't guarantee future results.
Asset Allocation: Review the percentage allocation across each fund category to ensure it aligns with your risk tolerance.
Benefits of a CFP

A Certified Financial Planner (CFP) professional can provide a more personalized assessment. They can help you:

Calculate Retirement Corpus: Determine the total investment amount needed for your desired retirement lifestyle.
Refine Asset Allocation: Ensure your chosen mix of funds matches your risk tolerance and goals.
Monitor & Rebalance: Track your portfolio performance and rebalance periodically to maintain your asset allocation.
Regular Plan vs Direct Plan

Regular plans with a CFP professional can offer some advantages over direct plans. A CFP can:

Minimize Costs: Help you potentially find ways to reduce investment expenses.
Stay on Track: Guide you through market volatility and keep you invested for the long term.
Remember:

Market fluctuations can impact your returns. However, your diversified approach, long-term focus, and SIP strategy are positive steps towards your Rs. 1.5 crore goal.

Next Steps:

Consider consulting a CFP professional for a detailed analysis of your plan.
Regularly monitor your portfolio performance and rebalance as needed.
Keep saving and investing for a happy retirement!

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K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Mutual Funds, Financial Planning Expert - Answered on Sep 17, 2024

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Hi Dev Ashish, I amn 55 years old and doing SIP of about 53K Monthly since 2018 in below MF schemes. Aditya Birla sun life flexi cap, axis flexi cap, camera rob small cap, axix mid cap, HDFC mid cap, icici pru opportunity,Nippon India large cap, kotak emerging, icici prud equity and debt, icici prud flexi cap respectively. And till date invested about 30 L and current portfolio is about 49 L. Would like to have corpse about 2 corore at age 60.( 5 years left) Can you advise, the invested funds are good to achieve? Thanks kam
Ans: At age 55, you have a well-established mutual fund portfolio with an impressive investment track record. You’ve been consistently investing Rs. 53,000 monthly into various mutual funds since 2018. Your current investments total Rs. 49 lakh, and your goal is to achieve a corpus of Rs. 2 crore by the time you reach 60.

Achieving Rs. 2 crore in five years is an ambitious target, but with your disciplined approach, it’s certainly within the realm of possibility. Let’s take a detailed look at your current investments, their performance, and the necessary steps to help you achieve your financial goal of Rs. 2 crore.

Diversification in Your Portfolio
You have wisely spread your investments across different types of mutual funds, such as:

Flexi-cap funds
Large-cap funds
Mid-cap funds
Small-cap funds
Hybrid (equity and debt) funds
Diversification is one of the key principles of successful investing. By investing across these different categories, you’re minimizing the overall risk while potentially maximizing returns. Each fund category comes with its own risk-reward profile:

Flexi-cap funds: These funds have the flexibility to invest across market capitalizations. This allows the fund manager to switch between large-cap, mid-cap, and small-cap stocks based on market opportunities. This flexibility can provide a balanced risk-return profile.

Large-cap funds: These funds invest in well-established, financially sound companies. Large-cap companies tend to be more stable and offer relatively lower risk compared to mid-cap or small-cap stocks. These funds are ideal for those nearing retirement due to their stability.

Mid-cap and small-cap funds: While these funds have higher growth potential, they also carry higher risks. They tend to be more volatile and are generally suited for long-term investors who can withstand market fluctuations. As you near retirement, it’s essential to reduce exposure to these riskier funds to avoid potential losses.

Hybrid (equity and debt) funds: These funds offer a mix of equity and debt investments, providing a balanced risk-return profile. They are less volatile than pure equity funds and are suitable for investors looking for a stable and predictable return over time.

Your choice of hybrid funds also adds stability to your portfolio, which is crucial as you approach retirement. However, given the short time horizon (five years), rebalancing your portfolio might help improve the likelihood of reaching your goal.

Is Your Current Strategy Enough?
Let’s now address the big question: Can you reach Rs. 2 crore in five years with your current investments? Based on your current portfolio of Rs. 49 lakh and a monthly SIP of Rs. 53,000, you would need an annualized growth rate of around 26-28% to meet your Rs. 2 crore goal.

While this growth rate is not impossible, it is quite aggressive, especially considering the potential market volatility over the next five years. Achieving such high returns consistently can be challenging. Stock markets, while rewarding in the long term, can be unpredictable in the short term.

To help you achieve your financial goal of Rs. 2 crore, let’s explore some strategies that could enhance your portfolio’s growth while managing risk effectively.

Steps to Achieve Rs. 2 Crore in 5 Years
Increase SIP Contributions
While your current SIP of Rs. 53,000 per month is substantial, increasing your monthly contribution could significantly enhance the growth of your portfolio. Consider increasing your SIP by Rs. 20,000 to Rs. 30,000 per month. An additional Rs. 30,000 in SIPs could bring in approximately Rs. 18 lakh over five years, excluding the potential returns.

Increasing your contribution is one of the most effective ways to bridge the gap between your current portfolio and your Rs. 2 crore goal. This will also reduce the reliance on high market returns to achieve your target.

Rebalance Your Portfolio
As you are approaching retirement, it’s important to reassess your asset allocation. You’ve done a great job of diversifying across multiple fund categories, but you should now consider rebalancing your portfolio to reduce exposure to riskier funds like small-cap and mid-cap funds.

Reduce exposure to small-cap and mid-cap funds: These funds tend to be volatile, and while they offer higher growth potential, they also come with higher risk. Since you’re just five years away from retirement, it would be prudent to lower your exposure to these funds and shift more towards large-cap and hybrid funds.

Increase allocation to large-cap and hybrid funds: Large-cap funds provide more stability and consistent returns, which are crucial as you approach retirement. Hybrid funds offer a mix of equity and debt, providing a safer and more predictable return. By increasing your allocation to these funds, you reduce the overall risk while still maintaining growth potential.

Actively managed funds: Your current portfolio includes several flexi-cap and mid-cap funds. Actively managed funds can be beneficial for investors with a shorter time horizon. Fund managers have the flexibility to adjust the portfolio based on market conditions. This is especially important in the next five years when you need to minimize losses and capture opportunities. It’s better to avoid index funds, which are passive and may not adapt well to market fluctuations.

Consider Increasing Debt Exposure
Debt instruments provide safety and steady returns, which can be valuable in your pre-retirement years. You’ve already included hybrid funds, which have a debt component, but increasing your exposure to debt through pure debt funds or balanced advantage funds can add further stability to your portfolio.

Investing in debt funds provides a cushion against market volatility and ensures that a portion of your portfolio remains unaffected by stock market movements. Since your time horizon is short, balancing the risk-return equation with more debt exposure will be beneficial.

Avoid Excessive Exposure to Volatile Assets
While you may be tempted to continue investing in high-growth potential funds like small-cap and mid-cap, it’s important to note that these funds can be extremely volatile in the short term. As you approach retirement, it’s critical to protect your capital. A sudden market downturn can significantly impact your portfolio and derail your plans for retirement.

By reducing exposure to small-cap and mid-cap funds, you’re ensuring that a portion of your portfolio is insulated from extreme market fluctuations. This is especially important in the final years leading up to retirement, where preserving capital becomes as important as growing it.

Review Fund Performance Regularly
While you’ve diversified your portfolio across multiple categories, it’s essential to monitor the performance of each fund regularly. Not all funds perform consistently, and underperforming funds can drag down your portfolio’s overall returns.

Evaluate the performance: Compare each fund’s performance against its benchmark and category peers. If a fund consistently underperforms over a significant period, consider switching to a better-performing option.

Stay updated: Mutual fund performance can change over time due to various factors such as changes in fund management, market conditions, and the economic environment. Regular reviews will help ensure that your investments are aligned with your financial goals.

Focus on Long-Term Consistent Performers
When selecting funds or rebalancing your portfolio, it’s crucial to focus on funds that have a proven track record of delivering consistent returns over the long term. Funds that have weathered market volatility and provided steady growth are likely to continue performing well.

By investing in consistent performers, you reduce the risk of market shocks and increase your chances of achieving your Rs. 2 crore target.

Increase Exposure to Safer Assets as You Near Retirement
As you approach retirement, it’s advisable to shift a portion of your portfolio towards safer, less volatile investments. This could include large-cap funds, debt funds, and hybrid funds with a focus on preserving capital. The aim is to ensure that your portfolio remains protected from sudden market downturns, especially as you near your retirement date.

By gradually increasing your allocation to safer assets, you’ll reduce risk while still allowing your portfolio to grow steadily.

Additional Financial Planning Considerations
Beyond adjusting your investment strategy, here are other financial planning aspects to consider:

Emergency Fund: Ensure that you have a sufficient emergency fund in place. This should cover at least 6-12 months of your monthly expenses. An emergency fund acts as a safety net, ensuring that you won’t have to dip into your investments in case of unexpected expenses.

Health and Life Insurance: While you already have health and term insurance, ensure that the coverage is adequate to cover any potential medical expenses in retirement. Health care costs tend to rise in later years, and having comprehensive insurance coverage can protect your retirement savings.

Estate Planning: Ensure that your estate planning is in place, especially if you have dependents. This includes drafting a will and nominating beneficiaries for your investments and insurance policies. Estate planning ensures that your wealth is passed on smoothly to your family in case of any unforeseen circumstances.

Finally
Achieving Rs. 2 crore in the next five years is possible with disciplined investing and prudent adjustments to your strategy. Increasing your SIP contributions, rebalancing your portfolio, and focusing on long-term consistent performers will help boost your portfolio’s growth while managing risk effectively.

Additionally, safeguarding your financial well-being through insurance, tax planning, and estate planning is crucial as you approach retirement.

By taking these steps, you can ensure that you are well-prepared for a comfortable and secure retirement.

Best regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner
www.holisticinvestment.in

..Read more

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Asked by Anonymous - Oct 10, 2024
Relationship
Hi, I am not yet mairred. I used to like a man and after a month we decided to get married. He was of my caste so I thought my parents won't deny this mairrage. I used to talk to and wanted to let him know everything about my past so that we can built a strong root of our relationship. I spoke every detail of my past life to him. Then before he proposed me for mairrage I went for a vacation with my male friend to dehradun. I didn't tell him that day as he didn't proposed me till that day then why would I tell everything about me to anyone. He was noone to me at that time. After that he came to visit me in Delhi and on the same when he was on train a friend of mine along with his fiance came to meet me after a very long time. I asked him and he didn't denied. After returning home he blocked me. I cried and cried, called multiple times but he didn't received my call. Even I went to his location and waited for almost 3 hr but he didn't came. Then I asked my sister to call him. Then he talked to me but he said me so much of harsh and vulgar words that I went in shock. I cried a lot but he went on humiliating me. But somehow I convinced him to stay with me. I never talked to that friend ever. Then I told my parents about him that I want to get married with this men. Being a girl's father my father enquired about him by being annonymous. And trust me noone has said anything good about him. Later on we get to know that his father has a murder case on him of his brother in law. But then I wanted to get married. Finally my parents agreed only for my happines. Meanwhile I was never being respected by him. He always doubt me, humiliate me, abuse me mentally and physically, and when I was like I don't want to be with you he used to say sorry and begged me to be with him. He even used to restrict to visit my uncle aunty. His mother wants used to defend him and never used to make him realise that he was wrong. Then before engagement we went to Kolkata to buy dress. Yes one more thing I have informed him on the very first day that I used to drink and smoke occassionally. So whenever he used to visit me he always wanted to drink with me whether I want it or not. He always used to abuse me and humiliate me in front of everyone after drinking, so after a period of time I used to avoid drinking. Then he used to fight with me for that also that why will you not drink. In kolkata the same thing happen. We stayed there for 3 days and he was convincing to go to club from the very first day but I refused. On 3rd he hit me. After engagement his family asked for dowry. After a lot of dealing my parents agreed for an amount. But I felt betrayed. I stopped talking. After after when I initiated the conversation he picked up a fight and said he won't marry. I tried to convince. But when everyone was blaming me then I broke my silence and said everything about him to my parent. But he manipulated everything and made me villain. My parents want me to get married as the society will insult our parents. I am getting married in November only for my parents but I have already made up my mind that I'll divorce him after 1 year of mairrage and will live my life alone. Am I thinking right? What should I do?
Ans: Dear Anonymous,
No, you are not thinking right at all...This man is all RED FLAGS...
Are you actually thinking of spending one year with a person who physically abuses you? Seriously?
And then you expect him to agree to that divorce without any fuss? What world are you in? No compromises on your life please...
Be wise and protect yourself...

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

...Read more

Anu

Anu Krishna  |1192 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 10, 2024

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