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Dr Ashish

Dr Ashish Sehgal  |97 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 01, 2023

Ashish Sehgal has over 20 years of experience as a counsellor. He holds a doctorate in neuro linguistic programming, mental health and social welfare.He is certified in neurolinguistics by both the Society of NLP and the American Board of NLP.... more
Asked by Anonymous - May 24, 2023Hindi
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Relationship

Dear Sir. We have a 9 year old daughter and we have enrolled her in spiritual learning class (1 hour every week), singing Carnatic music (1 hours every week), Bharat Natyam Dance class (2 hours every week). We are both working and we make it a point to spent quality time with her during weekends. My daughter is actively interested in these extra curricular activities. We have a society compound where children play and mainly they are boys. My daughter is not comfortable playing with them as they are much elder to her and at times dominate her. She has only 1 friend (girl) in her age group and mostly plays with her indoor. We discourage our daughter from playing alone outside as nowadays we hear a lot about girl child rapes, girl child molestation in the social media/news etc. This has led my daughter to spend more time with mobiles/laptops watching videos as she does not have many options to play. We shout at her often to spend less screen time but we then feel guilty as she has less options to play. She does have indoor games but gets bored very easily playing with them. We are worried that this may lead to lower self esteem as she spends more time indoors rather than outdoor. Please advise.

Ans: I understand your concerns about your daughter's limited options for outdoor play and her increased screen time. It's important to find a balance between keeping her safe and allowing her to engage in physical activities and social interactions. Here are a few suggestions that may help:

Encourage supervised playdates: Try organizing playdates with her friend or other children in her age group, either at your home or in a safe environment. This will give her an opportunity to interact with peers and engage in outdoor activities.

Explore extracurricular activities: Apart from her current classes, consider enrolling her in other activities that align with her interests. This could include sports, art classes, or any other activities available in your area that would allow her to interact with children of her age.

Get involved in community events: Look for community events or programs that involve children, such as sports tournaments, cultural festivals, or workshops. These events often provide a safe environment for children to interact and engage in various activities.

Discuss her concerns and teach self-defense: Have an open conversation with your daughter about her discomfort in playing with older boys. Teach her about personal boundaries and self-defense techniques so that she feels more empowered and confident while playing outside.

Consider joining parent-child groups: Look for parent-child groups or organizations in your community where you can participate together. These groups often organize outdoor activities for children and provide an opportunity for parents to connect and plan playdates.

Monitor screen time and suggest alternatives: While it's understandable that she may enjoy using mobiles and laptops, it's important to limit her screen time. Set specific time limits for screen usage and encourage her to engage in alternative activities, such as reading books, solving puzzles, drawing, or playing board games.

Create a safe outdoor space: If possible, create a safe outdoor space within your compound where she can play under your supervision. You could set up a play area with age-appropriate equipment and encourage her to spend time there.

Remember, it's essential to strike a balance between safety and allowing your daughter to explore and engage in outdoor activities. By providing her with options, encouraging social interactions, and monitoring screen time, you can help her develop self-esteem and a healthy lifestyle.

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Moneywize

Moneywize   |101 Answers  |Ask -

Financial Planner - Answered on May 02, 2024

Asked by Anonymous - Apr 26, 2024Hindi
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Money
My MF portfolio is worth Rs 2 crore as on March 31, 2024. I am 48 now. My plan is to get Rs 2 lakh per month by the time I retire in another 10-12 years. I am investing Rs 2 lakh per month. Is that enough for me to accumulate a corpus big enough to help me earn Rs 2 lakh per month?
Ans: Let's analyse your plan for a Rs 2 lakh monthly income after retirement:

Corpus Calculation:

To determine if your current strategy is sufficient, we need to calculate the total corpus you'll need. Here's a simplified approach (assuming a fixed monthly withdrawal):

• Expected Investment Period: 10 to 12 years (considering your retirement timeframe)
• Monthly Investment: Rs 2 lakh.
• Monthly Target Income: Rs 2 lakh.
• There are two unknowns: total investment period and corpus amount. We can't predict the exact number of years until retirement, so let's analyse both scenarios (10 and 12 years).

Scenario 1: 10 Years of Investment

For this scenario, we can use a financial calculator or spreadsheet to solve for the corpus needed. However, I can't directly provide financial product recommendations or perform calculations that require specific rates of return.

Scenario 2: 12 Years of Investment

Similar to scenario 1, you'll need to calculate the corpus considering a 12-year investment horizon.

Additional Considerations:

• Inflation: The purchasing power of your Rs 2 lakh monthly income will decrease over time due to inflation. You might need to increase your withdrawals gradually to maintain your standard of living.
• Investment Returns: The actual corpus will depend on the return you get on your investments. This can vary based on your chosen investment options.

Recommendations:

• Retirement Needs Assessment: Consider consulting a financial advisor to assess your retirement needs based on your lifestyle and future plans. They can help you with a more personalised calculation considering inflation and your risk tolerance.
• Investment Strategy: A financial advisor can also suggest an investment strategy to achieve your target corpus. This may involve a mix of equity and debt instruments to balance growth and stability.

Positive Aspects:

• You're taking a proactive approach to retirement planning by starting early and investing regularly.
• A Rs 2 crore corpus and a Rs 2 lakh monthly investment are good starting points.

Conclusion:

While it's difficult to say definitively without a detailed calculation, your plan has a good foundation for achieving your Rs 2 lakh monthly income target. Consulting a financial advisor can provide a more personalised assessment and help you fine-tune your strategy for a comfortable retirement.
(more)
Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Asked by Anonymous - Mar 18, 2024Hindi
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Money
Hello, Hope you're doing good! I am 32 yrs old and planning to invest till 60 yrs i.e till next 28 yrs. I am investing in below MFs and some other savings schemes, I need you suggestion on the same: MFs Investment: 1. ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF - 1,500/- PM 2. Tata Resource & Energy Fund - 2,000/- PM 3. ICICI Prudential Technology - 1,500/- 4. Nippon India Nifty Smallcap 250 Index Fund - 1,000/- PM 5. SBI Nifty Next 50 Index Fund - 1,000/- PM 6. ICICI Prudential Nasdaq 100 Index Fund - 1,000/- PM 7. ICICI Prudential Nifty Bank Index Fund - 2,000/- PM Apart from this I am also investing in NPS around 17,500/- PM and PF around 30,500 including both. Also investing 5,000/- in Max Life Online Savings Plan (10 yrs investing period and 15 Yrs total Policy period). My goal is to be accumulate wealth for my retirement. Thank you in advance for your help.
Ans: Your investment approach reflects a thoughtful strategy aimed at building long-term wealth for your retirement. Diversifying your portfolio across different asset classes, including equity mutual funds, index funds, and savings schemes like NPS and PF, is a wise move.

Maintaining a disciplined investment habit and staying committed to your financial goals over the next 28 years will be crucial. Regularly reviewing your portfolio's performance and adjusting it as needed to stay aligned with your objectives is essential.

Remember, the journey to retirement wealth accumulation is a marathon, not a sprint. Stay patient, stay focused, and trust in the power of compounding to grow your investments steadily over time.

By diligently contributing to your investment portfolio and making informed decisions, you're laying a solid foundation for a financially secure and fulfilling retirement. Keep up the good work, and your future self will thank you for it.
(more)
Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Asked by Anonymous - Feb 27, 2024Hindi
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Money
Hi i am 49 and currently have a total corpus of approx 2.5 crs ( 1cr in MF/50 lacs in stocks/ another 80-90 lacs in PF/ EPF/ NPS and some other instruments.i am planning to retire in 13 years i.e at 62 . i will be able to accumulate another 5 cr approx more till then and with the current portfolio and interests of those looking at 10 cr of corpus then . will it be sufficient for my 15- 17 years of life after that looking at 3-4 lakhs montly expenses then
Ans: With a planned retirement in 13 years and an estimated total corpus of around 7.5 crores, your goal of achieving a corpus of 10 crores by retirement seems achievable. However, it's essential to conduct a detailed analysis to ensure financial sustainability for the subsequent 15-17 years.

Consider the following factors:

Inflation: Account for inflation in your expense calculations to maintain the purchasing power of your corpus over time.
Investment Returns: Assess the expected returns from your current investments and future contributions to meet your target corpus.
Expenses: Review your anticipated expenses post-retirement, including healthcare, travel, and other lifestyle needs.
Contingency Planning: Build a buffer for unforeseen expenses or emergencies to safeguard your retirement corpus.
Regular Review: Periodically review your portfolio's performance and adjust your investment strategy if needed to stay on track towards your retirement goals.
Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific financial situation and retirement aspirations. With careful planning and prudent management, you can aim for financial security and peace of mind in your retirement years.
(more)
Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Asked by Anonymous - Feb 01, 2024Hindi
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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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