Sir,
I am 51, yrs. professional
3 cr. In equity (3.5lac dividend income) 60 lac FD, 95 lac gold bars(pure investment) current home with two anothe appartment (worth 1 cr.) rent 40k total. Salary income 2.5lac/month.
Rent and dividend total 65k/month.
50 lac term plan. + 30 lac Med. Insurance.
Son education finished settle abroad. No other liability.
Want to retire with 25 cr. Will work till health allow.
How can I reach to my goal..
Vishal.
Ans: As per the provided inputs by you, we have done an analysis and have some recommendations as stated below.
Specific Recommendations
• Currently, you have investment of Rs. 95 lakhs in gold bars. An ideal portion which should be in commodities is maximum 10-15% of your over-all portfolio.
• Parking high amount in FDs is required only if it is there for upcoming short term critical requirements. Investing in a FD for long term may not be good due to low returns and high taxation.
• To achieve a good long-term corpus considering your monthly income, your focus should be on increasing the monthly investment in equity-oriented funds over the remaining horizon of 9 years considering your retirement age as 60.
General Recommendations
• For a better future financial planning, there are various factors which are required to be considered such as Risk appetite, current financial situation, upcoming requirements and goals etc.
• Regularly review your portfolio to ensure it aligns with your risk appetite, and the time horizon of your requirements.
• Asset allocation should match your requirements, risk profile and investment horizon.
Remember, the actual outcome will depend on various factors, including market performance and your personal financial decisions. It is always advisable to consult a good financial advisor to tailor a strategy specific to your circumstances.
