Tax on joint TD holding at post office

Ans: what is your objective behind investing in this fund and how long are you going to invest

Ans: Dear Anonymous,
You are taking an emotional stance on this and your wife is on a fear-ridden path...both of you are not wrong BUT is it possible to agree to what your wife is saying and yet not lose your brother's favor. Then you will have nothing to lose and everything to gain.
Separate finances keeps relationships healthy and we have enough evidence where mixing financial matters and personal stuff can get messy...
There is nothing emotional about it, so think of the future...it's better to be safe and he's your brother...I am sure that he will understand...I have a question for you though: Why is it so important for you to have your brother's presence in buying the house? What will happen if you go ahead by yourself just like he can go ahead himself?
There are other things that you can share like going on holidays together, family gatherings, doing some charitable work together...
Prioritize relationships over finding what ties them...and your brother is not married...his future bride may not like the arrangement as well and then it will be one big mess to separate things...
Better keep things separate now than later...mending scars is more difficult than making a sane decision now...

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

Ans: Dear Lala,
Shaadi ke baahar aapke patni ne kadam rakha aur woh aapko daraa rahi hai? Kuch baat samajh nahin aayi...
Air aapko kis baat se daraaya jaa raha hai...Kya karna hai aapko aur agar nahin kiya toh anjaam kya hoga? Ki woh aur baahar sex karegi?
Yeh kaunsa shaadi hai jahaan rishtaa nahin banaa ho aur upar se aapko dhamki bhi mil rahi hai aur chup chap sehne ki koshish kar rahein hain...
Aapne khud dare rehna ka faisla kiya hai toh kya upaay ho sakta hai...is cheez se ubharke aane ke liye aapko himmat jutaani padegi aur saaf saaf apni patni ko bataana hoga ki yeh sab aap shaadi se aur shaadi mein nahin chahte ho (agar aapko bhi yeh lagta hai toh) aur jab koi daraaye, toh darna nahin hai, himmat se saamna karna chahiye kyonki shaadi ke baahar aap nahin aapki patni ne kadam rakha hai...toh in sab mein aapka faisla zyaada maayne rakhta hai...samajh rahein hain aap?

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

Ans: Dear Anonymous,
Why should you bear the responsibilities all by yourself?
Legal separation has not happened and he is still responsible towards your daughter who is his daughter as well. If nothing has come out of therapy, then the responsibility to change and work on the marriage has not been a strong need.
Have an honest conversation with your husband on this; leaving home with no clarity for anyone is not a very nice thing to do...
Let him state his side of the story as to what he intends to do in the future with the marriage and maintenance of the child. If he refuses to offer support, legal recourse might be your only option.
But before doing anything, a frank chat with him is necessary. Know what's on his mind and do understand that your daughter is eligible to support financially from her father. So, don't go through with all this alone.
Do make an attempt to put things back together and then opt for other choices...

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

Ans: Dear Anonymous,
Legally maybe you are not bound (I am not an expert in legal matters) but how can you wash your hands off as a parent? That job is not something that ends on a whim, does it?
Okay, she's playing a troublemaker, would you not want to address that and help her through it...Washing your hands off will not sit with you easily and it will haunt you...
It's understandable that you might be frustrated, but don't give up...I am about to lecture on parental duty etc but if you give up, your daughter who needs you the most now will be down the deep end of the tunnel and you do not want that, do you?
She's simply reacting on some unresolved emotions...stick by her...you will thank yourself later!

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

Ans: It is always preferable to do an Executive MBA considering what you require from an MBA course. But you have other constraints in which case look at distance MBA Certificate course. There are foreign universities like Wharton, Kellogg, etc offering Distance Certificate course, but if you plan to continue working in India, course from top IIMs or ISB or XLRI could be better.

Ans: Most jobs at Manager level would involve pressure. You could look at option of shifting to a role of a Manager in a smaller / alternate firm where the pressure is relatively less. Talk to people in your industry to identify the roles with lower pressure so that you can then work on getting those roles.

Ans: If you have not completed your graduation, it would be recommended to complete your graduation. Else you may find problem in getting promoted in the future in whichever company you work. Since you do not like desk job, try your hand in field job. This could be sales. Apply to different companies to get sales experience. Try to stick to a company for a longer duration to learn the trade.

Ans: At 40 years old, optimizing your asset allocation is crucial to align with your financial goals, risk tolerance, and investment horizon. As a Certified Financial Planner, let's evaluate the proposition of reallocating funds from your Provident Fund (PF) to mutual funds (MF) while considering risk and return dynamics.

Assessing the Move from PF to Mutual Funds

While PF offers stability and tax benefits, it may not always optimize returns, especially considering inflation and limited exposure to equities. Reallocating a portion of your PF corpus to mutual funds can potentially enhance your overall portfolio returns over the long term, provided you are comfortable with the associated market risks.

Determining Optimal Asset Allocation
Fixed Deposits (FD): FDs offer capital preservation and predictable returns, making them suitable for short-term liquidity needs and as a component of your emergency fund. Consider allocating a portion of your portfolio to FDs to meet immediate cash requirements and mitigate short-term volatility.

Mutual Funds (MF): With 15 lakhs already invested in MFs, you have a foundation in equity and debt instruments. Evaluate your risk tolerance and investment horizon to determine the optimal allocation between equity and debt funds. Equity funds offer growth potential but come with higher volatility, while debt funds provide stability and income generation.

Stocks: Direct stock investments can enhance portfolio diversification and potentially generate higher returns than mutual funds. However, they also entail higher risk and require active management and research. Allocate a portion of your portfolio to stocks based on your risk appetite and expertise in stock selection.

Public Provident Fund (PPF): PPF offers tax-free returns and long-term wealth accumulation, making it a valuable component of your retirement portfolio. Maintain your PPF investment to benefit from its tax advantages and stability in your overall asset allocation strategy.

Crafting a Balanced Portfolio
A balanced portfolio considers your risk tolerance, investment goals, and market conditions. A common rule of thumb suggests allocating a percentage of your portfolio to equities based on your age (e.g., 100 minus your age). However, this rule may vary based on individual circumstances and risk appetite.

Conclusion
While reallocating funds from PF to mutual funds can potentially enhance returns, it's essential to evaluate your risk tolerance and investment objectives before making any changes. A well-diversified portfolio comprising FDs, mutual funds, stocks, and PPF can optimize returns while managing risk effectively. Consider consulting with a Certified Financial Planner for personalized advice tailored to your financial situation.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in