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Ravi

Ravi Mittal  |428 Answers  |Ask -

Dating, Relationships Expert - Answered on Feb 14, 2023

Ravi Mittal is an expert on dating and relationships.
He founded QuackQuack, an online dating platform, in 2010 with just two people. Today, it has over 20 million users in India.... more
Naveen Question by Naveen on Feb 14, 2023Hindi
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Relationship

If someone wanted to get into relationship what wr can do it for heslti relationship

Ans: Dear Naveen,

A healthy relationship is one that is loaded with mutual respect and love. Here are some tips you can follow:

• Respect your partner's boundaries.
• Open and honest communication is key; listen when they say something, don't just pretend, and share your emotions too.
• Have realistic expectations from them.
• Have fair fights and do not bring in past mistakes in present conflicts.
• Let go of control; you are equal in a relationship.
• Take care of yourself; two happy people make a happy couple.

Best Wishes!

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Kanchan

Kanchan Rai  |405 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 23, 2023

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Relationship
I am in toxcis relationship how to get uot
Ans: Dear Jyoti,

I know it's a hard to break relationship where you have invested so much, and deciding to leave the toxicity is the first step that you have already taken and should be proud of.


Cut Off Contact

It will be crucial for you to cut off contact with your ex once the relationship has ended. Keeping in contact with your ex opens the door to getting back together. Toxic people can be emotionally manipulative and may use emotional blackmail to lure you back in. When you decide to leave your partner, end any form of communication with them unless you share children and need to co-parent. If this is the case, only communicate about the children.

Unfollow Them on Social Media

Seeing your ex across social media will keep the memory of the relationship fresh, so it’s crucial that you block them on your phone and find ways to avoid running into them in person. These actions will set a clear boundary that the toxic relationship is over, and help you stop thinking about them altogether.



Know That You Deserve Better

Months or years of being verbally abused or told you will never find anyone better can wear a person down, and you might start to believe it. But this is not true. Tearing down self-esteem and self-worth is the technique toxic partners use to keep their partner trapped in the relationship. Let “I deserve better!” become your daily mantra, by replacing negative beliefs about your self-worth with positive, affirming ones. You need to move forward for your own mental and emotional well-being.

Seek Professional Help From a Therapist

Depending on the level of seriousness, leaving a toxic relationship can require help in creating a game plan. Confiding in friends and family or finding a therapist ;to speak with can be helpful as well. A good therapist can help you cope, rebuild your sense of self-worth, and address any safety issues. A therapist can be an unbiased resource to guide you and hold you accountable for creating goals and sticking to them.

Build a safety net: If you're thinking of calling it quits, make a plan for how you are going to deal with the transition. Where will you stay? What possessions will you need to bring along? Don’t do this haphazardly. This process should be well thought out.

Set a goal to be independent: If you do not have a career or a way to support yourself, it is time to begin carving this path. Go to school, get training, begin a job (even a low-level or part-time job). Your financial independence is one of the main roads to freedom.

No more secrets. Confide in a family member or friend so that they can help you with the process. If you feel threatened, inform the local authorities that you are going to need help.




Being part of a toxic relationship is extremely detrimental to your self-esteem and mental health. It may take some time before you are ready to be part of another relationship. Don’t rush this. Take time for yourself. To help yourself recover, make time for hobbies. Start working on a pet project or your own business. Take that trip you've always wanted to go on.



Take care of yourself: Getting out of a toxic relationship can be emotionally draining. Take care of yourself by practicing self-care, such as exercise, healthy eating, and getting enough rest. Seek therapy if necessary to work through any emotional trauma from the relationship.

Remember, ending a toxic relationship takes courage, but it's a necessary step towards a happier and healthier life. It's important to recognize your self-worth and prioritize your well-being

..Read more

Ravi

Ravi Mittal  |428 Answers  |Ask -

Dating, Relationships Expert - Answered on May 08, 2023

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Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 22, 2024

Money
My age 62, male, getting rental income Rs. 90k nett. Already subscribing 12.5k in PPF for the past 2 1/2 years. No other investments. My target is 5 crores in 10 years. I already have Mediclaim Rs.50 lakhs for me & wife . Please advice me what to do.
Ans: Your current financial foundation is strong and shows promise:

A rental income of Rs. 90,000 per month provides consistent and predictable cash flow. This stability can serve as the backbone for your investment strategy.

PPF contributions of Rs. 12,500 per month for 2.5 years reflect disciplined saving. However, its returns may be insufficient to achieve a high-growth target like Rs. 5 crores in 10 years.

A robust Mediclaim policy of Rs. 50 lakhs for you and your wife ensures adequate health coverage. This safeguard allows you to focus on wealth-building without worrying about medical emergencies.

Despite these positive factors, achieving Rs. 5 crores in 10 years requires a carefully crafted and growth-oriented strategy.

Defining and Prioritising Your Financial Goals
Achieving Rs. 5 crores is ambitious yet achievable with a focused approach:

Define this target as your primary financial goal over the next decade.

Break it into manageable milestones: for example, Rs. 50 lakhs every 1-2 years in cumulative investments and growth.

Prioritise high-return investments that align with your risk tolerance and financial capacity.

Optimising Existing PPF Contributions
While PPF is a secure investment, its growth potential is limited:

Returns: PPF currently offers an interest rate of approximately 7-7.5%, which barely outpaces inflation.

Contribution Review: Consider capping your PPF contributions at Rs. 1.5 lakh annually (to utilise the Section 80C benefit). This ensures that excess funds are redirected to higher-return investments.

PPF can serve as a low-risk component of your portfolio but should not dominate your investment strategy.

Building a Diversified Investment Portfolio
A diversified portfolio will provide a balance of risk and reward. Include the following components:

1. Equity Mutual Funds for Growth
Equity mutual funds are essential for achieving high returns over the long term:

Large-Cap Funds: These invest in established companies and offer stability with moderate growth. They are ideal for a portion of your portfolio to reduce risk.

Multi-Cap or Flexi-Cap Funds: These provide exposure to companies of all sizes, offering growth and diversification.

Sectoral and Thematic Funds: Avoid these unless you have a high risk tolerance and understand market dynamics.

ELSS Funds: These not only provide tax savings under Section 80C but also deliver market-linked returns.

Why Avoid Index Funds?

Index funds may offer simplicity and lower expense ratios, but they lack flexibility. They cannot adapt to market conditions or capitalise on outperforming sectors. Actively managed funds, on the other hand, have the potential to outperform the market, especially in a developing economy like India.

Start with a Systematic Investment Plan (SIP) in selected funds to build wealth steadily.

2. Debt Mutual Funds for Stability
Debt funds add stability to your portfolio and reduce overall risk:

Choose funds with low credit risk and moderate duration to ensure safety and predictable returns.

Debt funds are suitable for short- to medium-term goals or as a fallback during market corrections.

Taxation Note: Both LTCG and STCG on debt funds are taxed as per your income tax slab. This should be factored into your planning.

3. Balanced Advantage Funds
Balanced advantage funds (BAFs) dynamically allocate assets between equity and debt. They:

Provide exposure to equity while minimising downside risk.

Offer a suitable option for someone nearing retirement but seeking growth.

4. Gold Investments for Diversification
Allocate a small portion (5-10%) of your portfolio to gold:

Gold serves as a hedge against inflation and currency depreciation.

Choose gold ETFs or sovereign gold bonds for ease of liquidity and better returns.

Emergency Fund Creation
Having an emergency fund is non-negotiable:

Maintain at least 6-12 months of expenses in liquid investments like liquid mutual funds or high-interest savings accounts.

This ensures liquidity for unforeseen events without disturbing your long-term investments.

Focus on Retirement Planning
At 62, balancing growth and safety becomes critical:

Estimate your monthly retirement expenses, considering inflation over the next 10-15 years.

Your target of Rs. 5 crores should primarily serve as your retirement corpus.

Allocate assets thoughtfully:

60-70% in equity funds for growth.
30-40% in debt funds for stability.
Periodically rebalance your portfolio to maintain this allocation.

Strategic Tax Planning
Tax efficiency can significantly impact your returns:

Continue using Section 80C to its full potential, including ELSS funds and PPF.

Consider the National Pension System (NPS) for an additional Rs. 50,000 deduction under Section 80CCD(1B).

Be mindful of the new taxation rules for mutual funds:

Equity Mutual Funds: LTCG above Rs. 1.25 lakh is taxed at 12.5%; STCG at 20%.
Debt Funds: LTCG and STCG are taxed as per your income slab.
Consult a Certified Financial Planner to optimise your tax strategy.

Regular Portfolio Monitoring and Rebalancing
Investing is not a one-time activity:

Review your portfolio every six months or annually to track performance.

Rebalance your asset allocation periodically to align with your financial goals and risk appetite.

Stay committed to SIPs even during market downturns, as this ensures cost-averaging.

Additional Suggestions
Avoid Over-Reliance on PPF
While PPF is safe, it is not sufficient for wealth creation. Shift excess contributions to equity-based investments for better returns.

Avoid Direct Stocks
Direct equity investing requires time, expertise, and constant monitoring. It carries higher risk and may lead to losses without proper research. Instead, rely on equity mutual funds managed by professionals.

Avoid Mixing Insurance and Investments
Do not invest in ULIPs or endowment plans, as they offer suboptimal returns. Stick to pure insurance products for protection and mutual funds for growth.

The Role of a Certified Financial Planner
To achieve Rs. 5 crores, a well-crafted financial plan is essential. A Certified Financial Planner (CFP) can:

Analyse your current investments and recommend improvements.

Design a customised strategy tailored to your income, expenses, and goals.

Provide periodic reviews to ensure you stay on track.

Finally
Achieving Rs. 5 crores in 10 years is a realistic goal if you adopt a disciplined and diversified approach.

Optimise your PPF contributions and channel excess funds into higher-growth investments.

Build a diversified portfolio with equity and debt mutual funds.

Include a small allocation to gold and maintain an emergency fund.

Stay consistent with your SIPs and review your investments regularly.

Work with a Certified Financial Planner to create a personalised roadmap.

By following these steps, you can secure your financial future and meet your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

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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