Hi
I Am A business man.age 35,with 3kids.
Following are my assets :
- 1 Commercial Building(Not rented out yet, expected rent 2L/month)
- 70L in Indian Equity.(50L wealth management company +20L my demat)
- 25L in US equity
- 20L in crypto
-25L in fractional real state.
Currently I may earn aprox 1L/month through my business advisories.
Is is good time to retire?
Are my investments diversified properly?suggest better options if any.
I Am more afraid of my capital security.
I Am not fancy about earning more & more.I indeed do business to provide employees with salary.
Ans: It's great to see that you're taking a proactive approach to your financial planning, especially considering your responsibilities as a business owner and parent. Here are some insights and recommendations based on your assets and goals:
• Firstly, congratulations on your diverse asset portfolio! You've made significant investments across various asset classes, which is commendable.
• Given your commercial building, equity holdings, cryptocurrency, and fractional real estate investments, it seems like you've diversified your portfolio reasonably well.
• However, it's essential to assess the risk associated with each asset class and ensure that your investments align with your risk tolerance and financial goals.
• As you mentioned that you're more concerned about capital security, it's crucial to review the risk-return profile of each investment and make adjustments if necessary.
• For instance, while equities and cryptocurrencies offer the potential for higher returns, they also come with higher volatility and risk. You may consider rebalancing your portfolio to allocate a larger portion towards more stable assets like real estate or fixed-income instruments.
• Additionally, since your commercial building is not rented out yet, it's essential to evaluate the potential rental income and factor in any ongoing expenses associated with the property.
• Regarding retirement, it's essential to consider factors such as your desired lifestyle post-retirement, expected expenses, and income sources.
• While your current income from business advisories may cover your monthly expenses, it's crucial to assess whether it will be sufficient to maintain your desired standard of living in retirement.
• Given that you have three kids to support, it's essential to ensure that your retirement planning accounts for their future education and other financial needs.
• Consider consulting with a Certified Financial Planner (CFP) who can provide personalized advice tailored to your financial situation and goals.
• A CFP can help you develop a comprehensive retirement plan, review your existing investments, and suggest suitable adjustments to ensure long-term financial security.
Remember, retirement planning is a long-term process, and it's essential to regularly review and adjust your strategy as your circumstances and goals evolve. With careful planning and prudent decision-making, you can achieve financial independence and enjoy a comfortable retirement while continuing to support your employees and family.