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Kanchan

Kanchan Rai  |403 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Feb 20, 2024

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Asked by Anonymous - Feb 20, 2024Hindi
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Relationship

Kanchan mam, I feel underappreciated at work. I have been working in this IT research company for 4 years now. No promotion, no increment or bonus. My manager doesn't have the time or feel the need to train me or share feedback. I feel like I am underutilised here and I am always questioning my abilities. How can I get over this phase? What do you suggest I do?

Ans: It's understandable to feel frustrated and undervalued in your current work situation. Schedule a meeting with your manager to discuss your concerns. Express your desire for more challenging work, feedback on your performance, and opportunities for growth within the company. Be specific about what you're looking for and how you believe it will benefit both you and the company.If your manager is unable to provide regular feedback, consider seeking it from other colleagues or mentors within the company. Their perspective can help you gain a better understanding of your strengths and areas for improvement Define your career goals and discuss them with your manager. This can help align your work with your long-term objectives and demonstrate your commitment to professional development.Look for opportunities to take on new responsibilities or projects that interest you. This can demonstrate your value to the company and showcase your skills and capabilities.Consider taking courses or certifications to enhance your skills and stay current in your field. This can make you more valuable to your employer and increase your confidence in your abilities.If you feel that your current job is not meeting your needs, consider exploring other opportunities within or outside the company that align better with your career goals and values.
Remember to approach these steps with a positive attitude and a willingness to take action. By proactively addressing your concerns, you can take control of your career and work towards a more fulfilling professional life.

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Hi Mayank,I was going through this article Struggling with your career? and it prompted me to write this email.I am Kalpesh Desai, aged 45, working with an MNC as project manager in Mumbai.I feel I have reached a kind of dead-end and am unable to crack that due to office politics, coupled with my inability to say ‘Yes boss’ everywhere and my poor marketing skills as far as my own work is concerned.I am bad at speaking lies and I am process oriented. This just adds to my woes.I feel I end up being used without getting recognised.Changing jobs seems to be easy option but does not guarantee a better situation in future jobs. Kindly share insights on how to come out of this.Warm regards,Kalpesh Desai
Ans:

Dear Kalpesh,

Many of us face this situation in this stage of our careers.

It’s something I have faced as well.

I can share what I have learnt from my experience; I hope it will help you.

1. Reinvent yourself. Upgrade your competencies; take up some courses in your field from a reputed institute.

2. Set clear goals and expectations with your manager. You don't have to be a 'yes man', but you must be aligned with the goals of your manager and the organisation at large.

3. Have a career discussion with your manager. Clearly express what you are looking for in your career and what help you need from the management.

4. Move out of your core area of functioning. For example, you could move from project management to analytics, strategy or even sales.

5. Ensure that you have a good financial plan to secure the future of your family.

..Read more

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Money
Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Money
Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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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