Hello nikunj, Iam 40 years I have following MF portfolio with total investment of 5,000/- per month. Can you please suggest if i should continue them to generate good returns in long run. axis blues chip growth- 1500 ICICI value discovery direct -holding Quant Active Fund - Growth =2000, Quant Tax Plan - Direct Plan-1500 would like to have 50lkhs+ till 55yrs age

Ans: Hello Vaidyanath,

To begin with, thank you for contacting us. I am happy to hear that your daughter wishes to pursue a postgraduate MSc in Clinical Neuropsychology or Cognitive Science either in the UK or in Ireland. To answer your question first, I would like to tell you that choosing to pursue this degree can lead to a vast array of employment opportunities for your daughter, in academic as well as in practical settings. Your daughter can look into the job possibilities mentioned below:

She could consider working as a researcher. Cognitive Science graduates frequently seek employment in research, either at research institutions or in university settings. They may conduct research on memory, perception, language processing, attention, or decision-making. After having earned an MSc in Clinical Neuropsychology, your daughter could work as a Clinical Neuropsychologist in clinics, hospitals, or even practice privately, carrying out evaluations and offering treatment to those suffering from neurological diseases viz., stroke, traumatic brain injury, dementia, or developmental abnormalities. Remember that both the fields viz., Clinical Neuropsychology and Cognitive Science provide possibilities for teaching and scholarly research. On completing her Master of Science (MSc), your daughter could further pursue a Doctor of Philosophy (PhD), and get a job at universities as a professor or lecturer in neuroscience or psychology. She could also take up a job as a consultant for organizations or corporations that are eager to study human cognition and behavior, viz., technology companies, market research firms, or government bodies. In addition to the above, your daughter could also work as a counselor or therapist, based on her interests and further training, in turn, employing neuropsychology or cognitive science ideas in therapeutic settings.

Concerning your query pertaining to universities that offer these programs, I would like to let you know that Clinical Neuropsychology or Cognitive Science courses are offered at a number of reputable universities both in the UK and Ireland. In the UK, your daughter could apply to universities viz., the University of Manchester, University College London (UCL), University of Cambridge, and University of Edinburgh. On the other hand, Irish universities offering these courses include University College Dublin, and Trinity College Dublin. She could apply to these as well.

In addition to the ones mentioned above, there may be other well-known universities that offer similar programs in these fields. I would suggest that your daughter conducts a comprehensive study on each program in order to make sure it best resonates with her interests and professional objectives. In addition, when deciding, she should also take into account variables viz., the validation of the program, experience of the faculty members, and possibilities for research.

For more information, you can visit our website.

Ans: Hello MANOJ,

First and foremost, thank you for getting in touch with us. I am happy to hear that your daughter is pursuing the final year of her Bachelor of Science (BSc) in Clinical Psychology and thereafter, wishes to pursue higher studies overseas. To answer your question first, I would like to tell you that a number of variables viz., your daughter’s interests, the budget, the preferred field of psychology she intends specializing in, and her professional objectives, play a key role in deciding on a country to pursue higher studies and a career in clinical psychology. Concerning your question, I would recommend that she considers the following:

The USA is home to prestigious universities that offer outstanding clinical psychology programs. Nevertheless, costs can be high, including living expenses, tuition fees, and healthcare. Although assistantships and scholarships are available, they are highly competitive. You would be glad to know that the job prospects in the USA is enormous with opportunities in research, diverse healthcare environments, academia, as well as patient care. Next, coming to Canada, the country’s top-notch instruction and multicultural setting is well-regarded. Remember, in comparison to the USA, expenditures may be comparatively lower. However, it still calls for proper financial planning. Offering possibilities in academia, research, and practice, clinical psychology is a legally regulated profession in Canada. Universities in the UK offer exceptional programs in psychology. I would like to tell you that based on the location and the university opted for, costs may differ. Possibilities for research, teaching, and clinical practice, are offered by the country. Nevertheless, bear in mind that post-Brexit visa rules could have an impact on overseas students. Noteworthy programs in psychology are offered by universities in Australia. Remember that although expenditures can range from low to high, scholarships are available. Offering possibilities in research, clinical practice, and other mental health services, in Australia, clinical psychology is a legally regulated profession. Coming to Netherlands, the country is renowned for its advanced approaches to psychology and mental healthcare. Programs in the Netherlands are often taught in English, and tuition fees for overseas students are relatively cheaper. The employment opportunities include research, clinical practice, and policy development.

Prior to deciding on a country, I would suggest that your daughter conducts an extensive study on the visa prerequisites, demand in the labor market, licensing procedures for practicing psychologists, as well as the cultural aspects pertaining to each country. Not just that, she should also acquire counsel from professional advisors or educational counselors, as well as get in touch with experts in the field of her choosing.

For more information, you can visit our website.

Ans: Thank you for going through the blog, what help is it you seek?

Ans: Mahendra, you've had quite a journey in your relationships. Reuniting with your first spouse and considering your daughter's well-being is definitely a significant decision. Have you had the chance to reflect on what led to the previous divorces and what you envision for your future together? Open communication and understanding each other's perspectives can be key in rebuilding a strong foundation for your relationship.

Ans: Dear Sir/Madam,

I understand how frustrating and disappointment it can be. I am hoping the below steps should help you -

Stay clam and focused.
Schedule a meeting with your supervisor and have a detailed discussion and express your desire to understand the perspective and ask for feedbacks where you can work on.
Maintain your professionalism
Negotiate appropriately- if you truly believe that you deserve the increment based on your performance and hard work then present your case appropriately and with supportive evidences.
Consider the next steps basis your discussion and evaluate the options available.

Hope this helps and all the best

To Your Success
Thanks and Regards
Ashwini Dasgupta
Author of Confidence Decoded. Is it a Skill or Attitude?

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Ans: With a monthly expense goal of 50k and current corpus of 40 lakhs, you'd ideally want a corpus that can generate this income sustainably. To generate 50k monthly, assuming a 5% annual withdrawal rate, you'd need approximately 1.2 Crores. Given your SIP of 85k per month and current corpus, you'd need to continue investing for about 10-12 years to achieve this target, considering an average annual return of around 10%. Continuing your SIP and possibly increasing contributions as your income allows can expedite reaching your goal. Given your ability to work longer, extending your SIP horizon can also provide a buffer for unexpected expenses. It's always advisable to review with a financial advisor to tailor your plan.

Ans: With a corpus of 2.5 crores and monthly expenses of 75,000, your savings could potentially last another 15-30 years, given a balanced withdrawal strategy and modest returns. Think of your corpus as a reservoir; drawing water judiciously ensures it lasts longer. Consider allocating investments across assets that balance growth and income to sustain your lifestyle. Regular financial check-ups with a trusted advisor can help navigate your journey and ensure your reservoir remains replenished. Happy retired life!

Ans: With a corpus of around 3.4 Cr, you can expect a monthly income based on a conservative withdrawal rate to preserve the principal. A common strategy is to withdraw 3-4% annually, translating to approximately 28,000 to 37,000 per month. However, market fluctuations and inflation can impact this income over time. Think of your corpus as a tree that provides shade and fruit; nurturing it wisely will help sustain a comfortable and steady income stream. Regular reviews with a financial advisor will ensure your income keeps pace with your needs.