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Vivek

Vivek Shah  |60 Answers  |Ask -

Financial Planner - Answered on May 04, 2023

Vivek Shah is a SEBI registered investment advisor and certified financial planner from FPSB India. He has over 18 years of experience in financial planning.
Shah founded Finrise, a financial planning and wealth management firm, in 2011. He believes that equity investment is the only way to generate long term wealth.
He has an MBA in finance, a degree in chartered accountancy and is a registered life planner from Kinder Institute of Life Planning, USA.... more
Terry Question by Terry on Apr 27, 2023Hindi
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Money

sir I AM A SENIOR CITIZEN AND NEED TO SELL MOST OF THE SHARES. PLEASE GUIDE ME I HAVE AART1 DRUGS QUANITY 53 PURCHASED @ RS. 376 ADANI POWER LTD 269 @291 ASTRA MICROWAVE LTD 144 @372 BF UTILITIES LIMITED 144 @462 CAPLIN POINT LAB LTD. 49 @655 CARYSL 50 @550 CHENNAI PETROLEUM CORP LTD 207 @339 COLGATE PALMOLIVE LTD. 21 @1,707 DELPHI WORLD MONEY LTD 116 @732 DHAMPUR SUGAR MILLS LTD. 72 @250 ELGI EQUIPMENTS LTD 93 @451 EVEREST INDUSTRIES LTD 48 @RS.900 FIVE-STAR BUS FIN LTD 113 @RS. 620 GARDEN REACH SHIP&ENG LTD 106 @RS.440 GOA CARBON 42 @RS.515 GRANULES INDIA LIMITED 289 @RS357 HINDUSTAN ZINC LIMITED 416 @ RS.325 HLE GLASCOAT LIMITED 233 @RS. 531 I G PETROCHEMICALS LTD 78 @RS.760 IFB AGRO INDUSTRIES LTD 99 @RS.701 ITDC 200 @RS. 407 INDIAN OIL CORP LTD 301 @RS.74 INDIAN RAIL TOUR CORP LTD 72 @RS.894

Ans: Hello,

Being a senior citizen and if you are not able to track the stock market on regular basis, i would advise to sell the equity portfolio as you are in distribution of wealth phase rather than wealth creation phase.

If you are looking for regular income from this money than you can eithert buy a HDFC limited bonds which are offering 8% interest to senior citizen and take annual payout option.

if you are looking for moderate portfolio than invest in Balanced advantage fund and start having SWP after one year to the 6% of the current value.

It better to have word with any financial advisor to design your retirement plan properly which will help you to enjoy you wealth in these golden years of your life.

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.
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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Sir, I am holding following shares. Pls advise what to do 1) Adani Ports 20 @ 710.50 2) Adani Power 50 @ 265.30 3) Adani Wilmar 30 @ 506.35 4) Ambuja Cement 35 @ 508.45 5) Bank of India 200 @ 77 6) Bank of Maharashtra 500 @C 30.80 7) Brightcom Group 1000 @ 24.85 8) Hindalco 50 @ 479.70 9) IFCI 1000 @ 14.20 10) Indian Overseas Bank 600 @ 32.50 11) IOCL 120 @ 85.70 12) ITC 40 @ 427.05 13) J Kumar Infra 50 @ 232.90 14) Kalyan Jwellers 100 @ 121.10 15) NALCO 125 @ 82 16) PC Jwellers 1000 @ 27.65 17) Pennar Industries 500 @72.80 18) PNB 300 @ 57.40 19) Power Finance Corp 100 @ 143.7 20) RECL 120 @ 120.55 21) Reliance Power 5000 @ 13 22) RVNL 200 @ 121 23) SBI 100 @ 579.75 24) South Indian Bank 1000 @ 19.20 25) Suzlon Energy 3000 @ 11.23 26) Tata Motors 200 @ 385.70 27) Tata steel 200 @ 119.15 28) TTML 300 @ 67.35 29) TV Today Network 100 @ 298 30) UCO Bank 500 @31.75 31) Union Bank of India 250 @ 81.75 32) Vedanta 100 @ 308.95 33) Vodafone Idea 2000 @ 7.20 34) Welspun Enterprises 150 @ 161.50 35) Yes Bank 1000 @ 22.15
Ans: exit the following
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others hold for atleast 2yrs

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
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Sir, .I have worked for 5.5 years in my last company but my HR says that I will receive gratuity for 5 years. For those who have worked for 4.5 years, they give it for 5 years but in cases like mine, they reduce it. Also, they have deducted 30 days of my EL w/o giving any logical reasoning saying they do it for all. Pls guide what should I do.
Ans: I have give you a brief explanation about how gratuity is calculated.
Sure this will assist you in understanding the methodologies.

The amount of gratuity for employees whose employer is covered under the Gratuity Act can be calculated using the formula:
Gratuity = n*b*15 / 26

Where n = Tenure of service completed in the company
b = Last drawn basic salary + dearness allowance

For example, you have worked with the XYZ company for a period of 15 years. Your last drawn basic salary along with dearness allowance was Rs 30,000. Hence:

The amount of gratuity = 15 * 30,000 * 15 / 26 = Rs 2,59,615

Two points must be noted here:

As per the Gratuity Act, the amount of gratuity cannot be more than Rs 20 lakh. Any excesses would be treated as ex-gratia.

If the number of years you have worked in the last year of employment is more than six months, then it will be rounded to the nearest figure. Suppose your tenure of service is 16 years 7 months, then you receive the gratuity for 17 years. Otherwise, its for 16 years if it happens to be 16 years 4 months.
In your case 5 years 5 months hence 5 year's as you are below the half yearly for upper round up.


For employees whose employer is not covered under the Gratuity Act, the gratuity amount would be calculated as per the half-month salary on each completed year of service.
The formula is: (15 * Your last drawn salary * the working tenure) / 30.

For example, you have a basic salary of Rs 30,000. You have rendered continuous service of 7 years and the employer is not covered under the Gratuity Act.

Gratuity Amount = (15 * 30,000 * 7) / 30 = Rs 1,05,000.

In regard to your leave,please get a clarification from your HR, as to why they have deducted 30 days of earned leave.
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My son is 13, diagnosed with anxiety spectrum at age 8.His medications have reduced , takes fluvoximine 50 at night, but has social media addiction,what should i do?
Ans: Managing a child's social media addiction, especially when they have underlying mental health concerns like anxiety, can be challenging but crucial for their well-being. Start by having an open and non-judgmental conversation with your son about his social media use. Express your concerns about how excessive screen time can impact his mental health and overall well-being.Establish clear rules and boundaries around screen time and social media use. This could include limiting the amount of time he spends on social media each day or setting specific times when he's allowed to use it.
Lead by Example: Model healthy screen time habits yourself. Show your son that you prioritize face-to-face interactions, hobbies, and other activities over excessive screen time.Encourage your son to engage in offline activities that he enjoys and that promote social interaction, physical activity, and creativity. This could include sports, hobbies, art, or spending time with friends and family.Keep an eye on your son's social media use and monitor the content he's consuming. Consider using parental control apps or settings to limit access to certain apps or websites.If your son's social media addiction is significantly impacting his mental health or daily functioning, consider seeking support from a therapist or counselor who specializes in treating addiction and/or anxiety. They can provide individualized strategies and support for managing his social media use in a healthy way.
Encourage Healthy Coping Strategies: Help your son develop healthy coping strategies for managing his anxiety, such as mindfulness, deep breathing exercises, or engaging in calming activities when he feels overwhelmed.
By taking proactive steps to address your son's social media addiction and providing support for his anxiety, you can help him develop healthier habits and improve his overall well-being. Remember to approach the situation with empathy, patience, and understanding, and seek professional support if needed.
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Kanchan Rai  |168 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 24, 2024

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Hi ! I am a 38 year old divorced woman. Its almost 10 years that I got divorced, from a man with whom I was married for 2 months. Since then, I never had a long relationship with anyone. For the past 1 month, I feel I have developed feelings for my cousin (sister) who is 10 years older to me. She too is divorced, long back. (2006). I understand she too has feelings for me. What should I do. Please suggest.
Ans: Navigating feelings for a family member can be complex, especially when considering societal norms and potential family dynamics. It's understandable to feel uncertain about how to proceed in such a situation.

First and foremost, it's important to consider the potential implications and consequences of pursuing a romantic relationship with your cousin. While relationships between cousins are not legally prohibited in many places, they can sometimes face social stigma or disapproval from family members.

Before taking any further steps, it's crucial to have open and honest communication with your cousin about your feelings and concerns. Discussing your mutual feelings in a respectful and sensitive manner can help both of you understand each other's perspectives and make informed decisions about how to move forward.

Additionally, it may be beneficial to seek guidance from a therapist or counselor who can provide support and help you navigate your feelings and the potential impact on your family dynamic. They can also offer strategies for communicating effectively and managing any challenges that may arise.

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Regardless of the outcome, remember that you deserve to pursue happiness and fulfillment in your relationships, and seeking support from trusted friends, family members, or professionals can help you navigate this situation with clarity and confidence.
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Kanchan Rai  |168 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 24, 2024

Asked by Anonymous - Apr 16, 2024Hindi
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I got married three months ago, during courtship period my ex was in my office but then my marriage wasn't fixed properly ,when it got yeses from both the side I changed my office,but I couldn't tell this to my husband and also I lied about my virginity,he was also not virgin and after marriage I confessed all this ,now he is not forgiving me for my dishonesty and not letting me come home also he abuse me verbally ,slapped me..I also feel like cheated for not letting me know this side of him before marriage..How should I go ahead?
Ans: I'm truly sorry to hear about the difficulties you're facing in your new marriage. It's concerning to hear that you're experiencing verbal abuse and physical violence from your husband. No one deserves to be treated this way, and it's important to prioritize your safety and well-being.

First and foremost, if you are in immediate danger or feel unsafe, please reach out to local authorities or a trusted friend or family member for support. Your safety is paramount.

In terms of next steps, it's essential to seek support and assistance from professionals who can help you navigate this situation. Consider reaching out to a therapist or counselor who specializes in relationships and domestic violence. They can provide you with guidance, support, and resources to help you make informed decisions about your next steps.

Additionally, you may want to consider reaching out to organizations or hotlines that specialize in supporting individuals experiencing domestic violence. They can offer confidential support, safety planning, and resources to help you leave the abusive situation and rebuild your life.

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Relationships Expert, Mind Coach - Answered on Apr 24, 2024

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I am single mother of 12 year old boy and got divorced last year after 7 years of living seperate from my ex husband, I got married in 2010 through matrimonial site and had very toxic and abusive relationship, so I came to my maternal home in 2016 completely. There were many occasions when he approached me and promised to behave properly but failed to do so . He only filed for divorce by making false accusations of being characterless. I gave him divorce and in return I got very less alimony or the amount which was given in cash to them in my marriage. Now I came to know that he remarried and living his life . He is still in contact with my son and sometimes he blame me and my parents for this divorce. My first question is that is he trying to manipulate my son ( he is not bearing any education expenses of my son) And when I ask my son if I can also move on in my life, he refuses and says I don't want to share you with anyone. So I am very confused.
Ans: I'm sorry to hear about the challenges you've been facing. It sounds like you've been through a lot and are trying to navigate a difficult situation for both yourself and your son.

Regarding your ex-husband's behavior, it's possible that he may be trying to manipulate your son, especially if he is blaming you and your parents for the divorce. Children can be susceptible to manipulation, especially when they're caught in the middle of a divorce. It's important to maintain open communication with your son and reassure him that the divorce was not his fault and that both you and your ex-husband still love him.

As for your son's reluctance to see you move on, it's not uncommon for children of divorce to struggle with the idea of one or both parents moving on and forming new relationships. Your son may fear losing the close relationship he has with you or worry about how a new relationship might change his life. It's essential to validate his feelings and reassure him that your love for him will not change, regardless of any new relationships you may have.

It might also be helpful to involve a therapist or counselor who can work with both you and your son to navigate these emotions and provide support during this challenging time. Additionally, continuing to foster a strong, positive relationship with your son and maintaining open communication will be crucial as you both move forward.

Ultimately, while it's important to consider your son's feelings, it's also essential for you to take care of yourself and pursue your own happiness. Balancing your needs with those of your son can be challenging, but with time, patience, and support, you can find a way forward that works for both of you.
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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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