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Sunil

Sunil Lala  |203 Answers  |Ask -

Financial Planner - Answered on Apr 29, 2024

Sunil Lala founded SL Wealth, a company that offers life and non-life insurance, mutual fund and asset allocation advice, in 2005. A certified financial planner, he has three decades of domain experience. His expertise includes designing goal-specific financial plans and creating investment awareness. He has been a registered member of the Financial Planning Standards Board since 2009.... more
Asked by Anonymous - Apr 29, 2024Hindi
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Hi sir, i m 40 yr old , I have a fixed deposit of 70 lakhs and monthly income of 5.5 to 6 lakhs a month, and have no emi going on, let me know how to get financial freedom asap so that i can generate a passive income and free my time .

Ans: Since you are young there is no reason to keep money in fixed deposit, convert it into equity mutual funds ans since you earn 5.5 to 6 lakh a month you can start SIP in mutual funds
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  |7258 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 15, 2024

Asked by Anonymous - Apr 29, 2024Hindi
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Hi sir, I have a fixed deposit of 70 lakhs and monthly income of 5.5 to 6 lakhs a month, and have no emi going on, let me know how to get financial freedom asap.
Ans: Congratulations on your prudent financial habits! With your substantial fixed deposit and healthy monthly income, achieving financial freedom is indeed within reach.

Understanding Your Goals and Risk Appetite

Assessing your financial situation and goals is the first step towards achieving financial freedom. Let's delve into your aspirations and risk tolerance to tailor a strategy that aligns with your unique circumstances.

Mapping Out a Diversified Investment Strategy

Diversification is key to mitigating risk and maximizing returns. By spreading your investments across various asset classes, you can safeguard your wealth against market fluctuations while optimizing growth potential.

Tailored Investment Approach
Your substantial fixed deposit serves as a stable foundation for your portfolio. However, solely relying on fixed deposits may limit your wealth accumulation potential due to inflation erosion.

Equity Investments: Maximizing Growth Potential
Equity investments, through a well-managed portfolio of carefully selected stocks, mutual funds, or actively managed funds, offer the potential for substantial long-term growth. While they entail higher risk, they historically outperform other asset classes over the long run.

Expert Guidance and Portfolio Management
As a Certified Financial Planner, I emphasize the value of professional guidance in navigating the complexities of the financial markets. Partnering with a competent Mutual Fund Distributor (MFD) who holds a CFP credential can provide you with personalized advice and comprehensive portfolio management services.

Mitigating Risks and Embracing Opportunities
While your current financial position is robust, it's essential to remain vigilant against potential risks and seize opportunities for wealth enhancement. Regular portfolio reviews and adjustments ensure that your investments stay aligned with your evolving goals and market dynamics.

Cultivating Financial Discipline and Patience
Financial freedom is not an overnight achievement but a journey that requires discipline and patience. By adhering to a systematic investment approach and avoiding impulsive decisions, you can steadily progress towards your goal of financial independence.

Conclusion
With your substantial assets and prudent financial management, achieving financial freedom is not a distant dream but a tangible goal within your grasp. By adopting a diversified investment strategy, seeking expert guidance, and staying committed to your long-term objectives, you can embark on a path towards lasting financial security and prosperity.

Best Regards,

K. Ramalingam, MBA, CFP
Chief Financial Planner
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |7258 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 13, 2024

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Hello Sir! Myself Madeswaran and I am 33 yrs old. I have worked for 10 years and I have no savings and saved nothing. I had 6 Lakhs in my savings 4 years back. Purchased gold for 1 lakh. Purchased car in 2 nd had for 3.5 Lakhs and Lost 3 Lakhs in forex an year back.I am having debt of 1 Lakh now and cleared Rs.50,000. Now my monthly income is only Rs.45,000. I have house expenses of Rs. Rs.30,000 and Loan emi of Rs. 5,000. I give. I am not able to find how the rest of Rs.10,000 money gets drained away. Now I want my financial freedom at the age of 50. What shall I do amd how shall I start. I am also looking for secondary income to get some financial buffer.
Ans: Hello Madeswaran! It's commendable that you're seeking to take control of your finances and work towards financial freedom. Let's assess your current situation and explore steps to get you back on track.

At 33, with a monthly income of Rs. 45,000 and monthly expenses of Rs. 35,000, it's essential to understand where the remaining Rs. 10,000 is being spent. Tracking your expenses diligently can help identify areas where you can cut back and redirect funds towards savings and debt repayment.

Given your previous financial setbacks, it's crucial to prioritize building an emergency fund to cover unexpected expenses and avoid going into further debt. Aim to set aside at least 3 to 6 months' worth of living expenses in a separate savings account as a safety net.

Addressing your existing debt of Rs. 1 lakh should be a priority. Focus on clearing this debt as soon as possible by allocating a portion of your monthly income towards repayment. Cutting back on non-essential expenses can free up additional funds for debt reduction.

Considering your goal of achieving financial freedom by the age of 50, it's important to establish a long-term financial plan. Start by setting specific, achievable goals and creating a budget to track your income and expenses.

Explore opportunities to increase your income through additional sources such as freelance work, part-time jobs, or starting a side business. Generating a secondary income can provide a financial buffer and accelerate your journey towards financial freedom.

Investing in yourself through education, acquiring new skills, or pursuing career advancement opportunities can also enhance your earning potential over the long term.

Finally, seek guidance from a Certified Financial Planner who can provide personalized advice tailored to your financial situation and goals. They can help you create a roadmap for achieving financial freedom and offer support and guidance along the way.

Remember, financial freedom is achievable with determination, discipline, and strategic planning. By taking proactive steps now, you can pave the way for a brighter financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |7258 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Oct 05, 2024

Asked by Anonymous - Oct 05, 2024Hindi
Money
Sir i am 28 years old. Currently working and foing SIP of 60k per month. I intend to retire by 44-45 years of age. How do i achieve financial freedom and also suggest some methods to generate passive income. I dont own a house So that will be the biggest expense in coming years. Please suggest how to go about it
Ans: At 28 years old, you have a significant advantage with time on your side. Your goal of retiring by 44-45 is achievable with a well-planned financial strategy. You're already investing Rs 60,000 per month in SIPs, which is an excellent start. Let’s now dive into how you can build on this foundation and achieve financial freedom.

1. Current SIPs: A Great Start
Your current SIP of Rs 60,000 per month indicates a disciplined approach to savings. Systematic Investment Plans (SIPs) are a good long-term strategy as they allow you to benefit from compounding and average out market fluctuations.

Keep increasing your SIP: Consider increasing your SIP contributions by at least 10% each year. This gradual increase will significantly boost your wealth creation over the long term.

Diversify across funds: Ensure that your SIPs are well-diversified across large-cap, mid-cap, and small-cap funds. This diversification will spread the risk and offer you a balanced growth potential. Review your portfolio every 2-3 years to make necessary adjustments.

2. Planning for Retirement
Retiring early at 44-45 requires careful planning, especially since your investments must sustain you for the next 40-50 years post-retirement. Here's how you can achieve it:

Estimate your retirement corpus: Determine how much you'll need to retire comfortably. A good rule of thumb is that your retirement corpus should be about 25 times your annual expenses. So, calculate your current and future expenses, including inflation.

Focus on equity for growth: Since you have a long horizon, focus more on equity mutual funds. Equity has the potential to deliver inflation-beating returns over the long term. Avoid low-yielding investments like fixed deposits or traditional insurance plans.

Health Insurance: Early retirement means you won't have employer-provided health insurance. Make sure you have adequate health coverage for yourself and your family. Also, ensure that your retirement corpus includes provisions for rising healthcare costs.

3. Generating Passive Income
You need multiple streams of passive income to ensure financial security, especially during retirement. Here are a few strategies:

Dividend Income from Mutual Funds: Invest in mutual funds that have a good track record of dividend payouts. While SIPs are great for wealth accumulation, adding some funds focused on dividends can generate passive income during retirement.

Interest Income from Debt Funds: In the later years, shift some of your equity investments into debt funds. Debt funds can generate a stable interest income while preserving your capital. This balance is essential to reduce volatility in your portfolio as you approach retirement.

Systematic Withdrawal Plan (SWP): When you retire, you can use SWPs in mutual funds to create a regular income stream. It allows you to withdraw a fixed amount every month without disturbing the remaining investment. This is a tax-efficient method as well, as long-term capital gains from equity mutual funds have favorable taxation.

4. Home Purchase Planning
You mentioned that buying a house will be your biggest expense. Here’s how you can approach it smartly:

Save for down payment: Begin setting aside a portion of your savings for the down payment on your home. Avoid liquidating your long-term investments for this purpose.

Balance between investing and buying: While owning a house is essential, don’t prioritize it over your investments. Homeownership can tie up a large portion of your wealth. Be mindful of how much EMI you can comfortably afford without sacrificing your SIPs and other investments.

Avoid high EMIs: Plan your home purchase such that the EMI doesn’t exceed 40% of your monthly income. This will ensure that your other financial goals don’t suffer, and you still have room for future investments.

5. Review Your Insurance Policies
Evaluate the current insurance policies you hold. If you have conventional insurance plans (endowment or money-back policies), they may not offer good returns. You can consider the following:

Surrender non-performing policies: Conventional plans tend to offer lower returns compared to mutual funds. If you have these, consider surrendering them and reinvesting in mutual funds. Do check for any surrender charges or penalties before doing so.

Focus on Term Insurance: Ensure you have adequate term life insurance. Term plans offer higher cover for lower premiums, ensuring your family is financially secure.

6. Plan for Inflation and Taxes
Inflation-Proof Your Investments: Over the next 20-25 years, inflation will erode the value of money. Focus on investments that can generate inflation-beating returns, primarily equity mutual funds.

Tax Efficiency: Understand the tax implications of your investments. Long-term capital gains (LTCG) on equity mutual funds above Rs 1.25 lakh are taxed at 12.5%. Short-term capital gains (STCG) are taxed at 20%. For debt mutual funds, both LTCG and STCG are taxed as per your income tax slab.

7. Emergency Fund and Contingency Planning
Build an emergency fund: Before you retire or buy a house, ensure you have at least 6-12 months of living expenses in a liquid fund. This fund will cover unexpected expenses like medical emergencies or job loss.

Stay Debt-Free: As you approach retirement, try to be debt-free. Avoid taking on large loans closer to your retirement age, as they can become a financial burden in your non-working years.

8. Regular Portfolio Review
You must review your portfolio every 2-3 years or during major life events (buying a house, job changes, etc.). Ensure your portfolio aligns with your changing financial needs and goals. Rebalancing your portfolio will help in locking profits and reducing risks.

Final Insights
Start with a clear plan: Estimate your retirement corpus based on your lifestyle and expenses. Invest aggressively in equity mutual funds while you’re young, but gradually move to safer instruments as you near retirement.

Don’t neglect insurance: Ensure you have adequate life and health insurance to protect your family and yourself.

Diversify and increase SIPs: Continue your SIPs and increase them by 10% annually. Diversify across different fund categories for a well-balanced portfolio.

House planning: Don’t rush into buying a house. Balance your EMIs and investments so that neither goal suffers. Avoid high debt burdens as you approach retirement.

With disciplined investments and regular reviews, you can achieve financial freedom by the time you reach 44-45 years. Keep increasing your SIPs and have a long-term focus on wealth creation.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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Ramalingam

Ramalingam Kalirajan  |7258 Answers  |Ask -

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

Asked by Anonymous - Nov 09, 2024Hindi
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Money
My age is 30 and I'm a government official earning around 65k in hand salary. I want financial freedom in coming 3 years. I have a few investments in secure bonds around 10lac and a few equity hondings around only 2.5 lacs because started late investment. My yearly expenses are around 2 lacs. Having no loan or outstanding. No insurance policy i do have except government employees insurance policy. What should i do to achieve financial freedom. Would it be possible to get financial freedom in 3 - 5 years?
Ans: Your financial discipline is impressive.

You have no outstanding loans. This is a big advantage.

Savings in secure bonds worth Rs 10 lakhs is noteworthy.

Equity investments worth Rs 2.5 lakhs show a good start, despite being late.

Annual expenses of Rs 2 lakhs mean your savings potential is excellent.

A government salary of Rs 65,000 in hand ensures stable cash flow.

However, you lack adequate insurance, which needs addressing. Let’s create a clear plan for financial freedom within 3–5 years.

Define Financial Freedom
Financial freedom doesn’t always mean quitting work.

It means covering your expenses with passive income.

You need Rs 2 lakhs annually, adjusted for inflation.

Assuming 6% inflation, this may rise to Rs 2.4–2.6 lakhs in three years.

You’ll need investments generating Rs 25,000 monthly.

Step-by-Step Financial Freedom Plan
1. Enhance Insurance Coverage
Government employee insurance covers basic needs. However, it’s not sufficient.

Get a term insurance plan for Rs 1 crore to secure your family.

Invest in a health insurance plan for Rs 10–15 lakhs.

This ensures protection against medical or financial emergencies.

2. Build a Robust Emergency Fund
Keep six months’ expenses in a high-liquidity investment.

Rs 1–1.5 lakhs in a savings account or liquid fund is ideal.

This will safeguard you against unexpected expenses.

3. Reassess Secure Bonds
Secure bonds are safe but may deliver lower returns.

Consider moving Rs 4–5 lakhs to a balanced portfolio of equity and debt funds.

Equity exposure will help combat inflation and grow wealth faster.

Retain Rs 5–6 lakhs in bonds for stability.

4. Expand Equity Investments
Your current equity allocation is low at Rs 2.5 lakhs.

Increase monthly investments in actively managed mutual funds.

Invest Rs 25,000–30,000 per month in funds with a good track record.

Diversify across large-cap, mid-cap, and small-cap categories.

Actively managed funds outperform index funds in volatile markets.

A mutual fund distributor with a CFP credential can help optimise investments.

5. Focus on Asset Allocation
Allocate 60% to equity, 30% to debt, and 10% to gold.

Equity builds wealth, debt ensures safety, and gold hedges against inflation.

Review this allocation annually and rebalance as needed.

6. Generate Passive Income
Invest in dividend-paying mutual funds for passive income.

Use systematic withdrawal plans (SWPs) after three years to generate cash flow.

Ensure withdrawals don’t erode your principal investment.

Over time, increase equity investments to grow this passive income.

7. Leverage Tax Efficiency
Use tax-saving investment options under Section 80C like ELSS mutual funds.

Opt for tax-efficient funds to minimise capital gains taxes.

Long-term capital gains above Rs 1.25 lakh are taxed at 12.5%.

For short-term gains, the rate is 20%. Keep these rules in mind.

8. Avoid Insurance-cum-Investment Policies
These plans offer lower returns and high lock-in periods.

Pure term insurance with mutual funds is more efficient.

9. Automate and Increase Savings
Automate your investments through SIPs for discipline.

Increase SIP amounts every year as your income grows.

10. Regular Financial Reviews
Review your financial plan every six months.

Adjust investments based on performance and market conditions.

Insights on Time Horizon and Feasibility
Achieving financial freedom in 3 years requires aggressive savings and investments.

A 5-year horizon is more realistic and achievable.

Starting late doesn’t mean financial freedom is impossible.

Key Benefits of This Plan
Protection against financial risks through insurance and emergency funds.

Faster wealth growth through equity investments.

Steady passive income to cover expenses.

Avoidable Mistakes
Avoid direct mutual funds; they lack professional advice.

Index funds may not suit your aggressive growth needs.

Don't delay insurance purchase; it’s crucial for risk management.

Finally
Financial freedom is achievable with a clear and disciplined approach.

Focus on increasing investments, ensuring protection, and generating passive income.

Keep reviewing your progress regularly.

Wishing you success in achieving your financial goals!

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

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Ravi

Ravi Mittal  |465 Answers  |Ask -

Dating, Relationships Expert - Answered on Dec 13, 2024

Asked by Anonymous - Dec 12, 2024Hindi
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Relationship
I (30F) had been in some Relationships at different stages of my Life, which Failed due to different Reasons and I am not Virgin. After getting exhausted emotionally, I quit Dating, 2 years ago & I decided to settle down for an Arranged Marriage, as a last resort. Since the last 2 years, I have met many Eligible Bachelors who seemed to show genuine interest in me, at the initial stage. But at some point of time, all of them asked me about my Virginity & Body Count. I had always been Honest with all of them. And almost all of them Rejected me for this one Reason. Some of them straightaway told me that they couldn't Trust any Woman who's not Virgin. Some of them gave some other Trivial Reason to Reject me, though, I could intuitively guess the Real Reason for Rejection. And some of them, just Ghosted me, immediately. I had been feeling very Bad about getting Rejected, it felt as if I was being Punished for my Honesty. Now I have begun to Question myself, whether I really need to tell my Prospective Partner about my Past? Why should my Past matter to my Future Partner? Do I owe, my Future Partner, any explanation for the way I have lived my Life until now? Is it really Fair to Judge me only on the basis of my Virginity, rather than my entire being as a whole? Does my entire worth depend only upon my Virginity? Why do Men raise Questions about my Past, in the first place, while I never asked any of them about their Past, as I don't care about my Partner's Past? Why are Men so Insecure about Sexually Active Women, is their Male Ego so Fragile that they can't accept a Woman's Past? Do they have the Right to Ask a Woman about her Sexual History, in the first place? Do they really need to know about my Past? Do I really have any Obligation to be Honest with them & disclose about my Past, before Marriage itself? My Family members are advising me that it's not Wrong to say a few White Lies, for the sake of Marriage? Would it be Wise, on my part to follow their Advice & Lie to Arranged Marriage prospects that I am Virgin? Or else, in what other ways can I Answer, Questions about my Virginity, Body Count & Sexual History, raised by future prospects, such that I don't get Rejected?
Ans: Dear Anonymous,
I understand your frustration. You made some very valid points. You are absolutely right- no one has any business asking you about your virginity. And you are also correct that it does not define you at all. But the truth is, to some people, it matters more than it should. They are not entirely at fault alone; it is the whole society. Nevertheless, you are right. While it is your decision whether you want to lie or be honest, I would suggest telling the truth. Not for their sake; for yours. You should not have to live your married life always thinking "Would my past have mattered to him?" or wondering if things would have been different if you told him the truth. Moreover, being honest will set you free; maybe it comes with rejections, but at least you do not ever have to bear the weight of lies or feel guilty about deceiving someone. And most importantly, you won’t have to settle for someone who cares so much about such superficial things. Happy marriages cannot start with a lie.

We can't control what's important to whom, but we can respect them, even if we disagree. If you are not comfortable disclosing your body count or past, simply answer their question with yours- "Does that matter to you a lot?" If they say yes, you can reject him because your values don't align.

Hope this helps.

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Ravi

Ravi Mittal  |465 Answers  |Ask -

Dating, Relationships Expert - Answered on Dec 13, 2024

Asked by Anonymous - Dec 12, 2024Hindi
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Relationship
I am 33 year old women and have been looking for matches in matrimony from year 2021 but was not getting suitable matches. Got connected with multiple profile but it didn't workout well.Just last month i saw one profile i liked it and sent request. My request got accepted and then i shared the contact no with my dad which was registered on matrimony. My dad called his dad and discussed about profiles and they liked it. Now the guy is in USA and his dad said he will be coming back next year. Till then his dad said let them connect on video call. So his dad shared my contact no with him and said he will call me. 2 days passed but he didn't call so my dad informed his dad and his dad called him and then he said he is quite busy in work and will ping me either in weekdays if free or on weekends. But then i didn't receive any reply and then again my dad called them after 10 days and asked why their son has not called yet so his dad also said he is busy but he will definetly call her and till then as per their earlier request we also said if you want to come and meet the family then can do that.so his dad said if we don't have any plan for the next week on weekends[i.e on 24th nov] then we will surely come but then on 23rd nov my dad called them regarding the meet and then they said they are out so mostly will not be able to come tomorrow and his dad said i will ask son to talk to your daughter first today. After this there was no conversation bcoz his son didn't call. Later when i searched him on facebook coincidently on one of his post i saw his contact number and i checked on whatsapp and then i came to know he has saved my contact no. But then i am confused why he haven't called me yet. First time i have got some good vibes about someone but this is really killing me. I was doing lot of overthinking then i asked my dad again if we can ask his contact number and my dad said no this will look desperate to them. I already have his contact number but confused like should i text him what can be the consequences.Lots of thoughts running into my mind. Please help me.
Ans: Dear Anonymous,
First of all, there is no hard and fast rule that says that men have to make the first move. If you like someone, you can easily give him a call or drop a text. If a man finds that desperate, you should not settle for someone like that.

Next, judging by the series of events, I would say there is a good chance of either of two things happening- first, he might actually be very busy. But I don't think people are ever so busy that they can't take five minutes of their time to make a call. But then again, you are still strangers and hence, you are not his priority currently. Second, they might be breadcrumbing you. Just giving you enough hope to keep you hooked while they search for more potential matches. The most concerning thing is that the entire family can't keep their word or have the decency to inform about the change of plans.

Your father is not wrong; right now if you contact him after he has repeatedly failed to contact you, it will not look good, and worse, you will not feel good about it. My question is, do you really want a man like this? I know you have been trying for a while and not getting good results can be frustrating, but that does not mean you have to settle for this. I truly believe you deserve better. You can wait some more and see where it goes, but I strongly suggest not pursuing things from your end anymore. Let them do so if they are truly interested. Suppose they don't, understand that you have dodged a bullet.

Best Wishes.

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Nayagam P

Nayagam P P  |3971 Answers  |Ask -

Career Counsellor - Answered on Dec 13, 2024

Asked by Anonymous - Dec 13, 2024Hindi
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Career
I have a daughter age 14 study in 8th grade...she is not interested in studies which shows in her low grades...we have forced her to study and her mood fluctuate sometimes studies well and most time disinterested...I am worried about what to choose for her after 10th ..I am not going to join her in engineering or doctor..she is creatively inclined though... What should I do to improve her grades.. To atleast finish as a graduate... Which course should I opt to channelize and bring out her creativity
Ans: First and foremost, you ensure that (1) your communication channel is open with her and that you spend at least thirty minutes with her daily. (2) The atmosphere at home is serene, and (3) she does not have a significant addiction to electronic gadgets. (4) Meet with your daughter's school teacher or any counselor at least once every two weeks, or at the absolute least once a month, in order to learn the reasons behind her poor academic performance. (5) If it is at all possible, chat with her classmates at school to find out if your daughter has any additional problems that she does not want to divulge to you. (6) Make an effort to determine the underlying cause of her lack of interest in her studies. (7) Make an effort to stimulate her by recognizing her for her minor accomplishments. (8) She should also make time for hobbies and relaxation in her routine. (8) To ensure that she has a thorough understanding of her interests, aptitude, attitude, orientation, and personality, it is recommended that she takes any psychometric test at the time that she will be on vacation during the month of December. (9) Determine her path after she completes her 10th grade. (10) You should select the appropriate path for her to take depending on the results of the psychometric test. Some options include the arts and humanities, commerce with arts, vocational courses, and skill-based programs. (10) She should also make a decision by the time she is in the 10th grade as to which stream is the most appropriate for her in order to prepare her for the entrance exams (by enrolling in online or offline coaching programs) to get admission into any undergraduate program that is suited for her. All the Best for your Daughter's bright future.

Follow RediffGURUS to kno more on 'Education | Jobs | Careers'.

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Ramalingam

Ramalingam Kalirajan  |7258 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 13, 2024

Money
How far reliable this new investment platform talked and even promoted by ( Invest Rs 21000 and earn 2 million dollar per month) RBI Gov,Sundar Pitchai,Narayana Murthy, Sudha N Murthyand even by FM
Ans: The claim you mention—"Invest Rs. 21,000 and earn $2 million per month"—is a classic red flag for a scam or fraudulent investment scheme. It is highly unlikely that reputed personalities would endorse such a scheme. Let me explain why you should approach such claims with extreme caution:

1. Unrealistic Returns
Promising an exorbitant return like $2 million per month from a small investment of Rs. 21,000 is highly unrealistic. Genuine investment platforms provide returns in line with market performance and risk levels, which are far less dramatic.
2. No Official Endorsement
Check the official websites or verified accounts of these personalities to confirm any claims. Misusing their names is a common tactic used by scammers.
3. Misleading Marketing
Fraudsters often use photos or quotes from famous individuals to make their schemes look legitimate. These endorsements are usually fake and done without the knowledge or permission of the individuals.
4. RBI Guidelines
The RBI regularly issues warnings against fraudulent schemes and platforms. It never endorses specific investment opportunities. Instead, it encourages investors to exercise due diligence.
5. Too Good to Be True
As a rule of thumb, if an offer sounds too good to be true, it probably is. Legitimate investments grow over time and require careful planning and risk management.
What You Should Do
Verify the Platform: Look for official documentation or licenses from SEBI, RBI, or other regulatory authorities.
Research: Check reviews and ratings on trusted financial websites. Look for independent sources, not just what the platform claims.
Consult an Expert: Speak to a financial advisor or investment consultant before putting your money anywhere.
Report Suspicious Activities: If you suspect fraud, report it to the Cyber Crime Cell or SEBI.
Would you like me to help you investigate this specific platform further? If yes, please provide the name or link, and I can assist.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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Kanchan

Kanchan Rai  |437 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 13, 2024

Asked by Anonymous - Dec 13, 2024Hindi
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Relationship
In an arranged marriage I was talking to a boy we both liked each other. So we exchanged our what's app no. Then he texted one day we talked that day he seemed to be not interested in talking as he was replying very late. After that I sent him a good morning messege. Then we had no talking for 2 days straight. Then after that my father called his father to ask why is the boy taking this much time to respond to this his father told that you can show your girl to others and we have no problem. Then after that I sent a hi massege to him. Then he asked me when will I be free to connect. Then he calls at 11pm and says that we can call another day as it's too much late. Then next day also same but that day we chatted on whatsapp to around 1'o clock today. But now I have decided that I will not text him first. What should I do now I am really puzzled to what to do.
Ans: Your decision to stop texting him first is a healthy step because relationships should feel balanced and mutual. Constantly initiating conversations can leave you feeling undervalued or unsure about where you stand. By taking a step back, you give him the opportunity to show whether he genuinely wants to engage and invest in building a connection with you. This isn’t about playing games but about respecting your own feelings and worth.

At the same time, try to observe his actions rather than just his words. Does he initiate conversations on his own? Does he make an effort to get to know you better? If he continues to show inconsistent interest, it may be a sign that he isn’t ready or committed to the idea of building a relationship right now. And that’s okay—it just means he may not be the right match for you.

Trust your instincts as you move forward. If his behavior leaves you feeling confused or unimportant, it’s okay to walk away and focus on finding someone who values you and communicates in a way that feels fulfilling. Your time and emotions are precious, and it’s important to seek a connection where you feel respected, understood, and appreciated.

Finally, don’t let this experience discourage you. These situations are part of learning what you want and need in a partner. Give yourself grace, and remember that the right relationship will come with clarity, mutual respect, and ease.
Asked on - Dec 13, 2024 | Answered on Dec 13, 2024
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Thank you.
Ans: All the best

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