Financial Planning

Tomorrow Never Comes Being a part of the financial industry since 2003, we have met a lot of clients who have no clarity for their financial needs and future financial plans. The biggest problems are with the upper-middle class and middle-class segment of society, wherein they always conveniently postpone financial planning up to the age of 38-40 Years. At this age, it is not financial planning but rather it becomes crisis financial planning. Financial planning is a stepwise process but where we lack is a thought on financial planning. You may or may not want to look forward to future expenses but an individual cannot deny the fact of “Retirement “. Retirement is the real aspect of working life which is certainly bound to happen. But Major of us, avoid any planning for this purpose or delay it for unnecessary reasons. We have to understand; often life won’t work out the way you planned. And if it doesn’t, you’ll put yourself and your family in a less than ideal situation....

Decision Making in Current Financial Market Scenario     Market is going through rough patches so is your mutual fund portfolio. Bleeding markets usually hamper confidence of investors and especially ‘retail investors’. Since 14 th Sep 2018 to till date, different indices have fallen by approx 11%. The severity of fall has shaken the confidence of investors. Market corrections are always seen with some problems into micro or macroeconomy. We have to understand the push of correction and future outlook after correction is over. Having said, market corrections are a way of profit-booking by all type of investors and majorly domestic or foreign financial institution. Market generates higher returns comparing to other asset class in the long term because of its uncertain nature. Markets not only get affected by domestic issues but also it gets affected by international economies issues as well. Being an investor, we have to understand and analyze both the paramete...

Money Management Do you think, you have enough money for your retirement or future goals? Do you feel you have successfully and financially achieved or can achieve for which you dreamt of? Are you confident that your life is secured or on the right path financially? If your answer is 'Yes', then this article may not be written for you as time saved is money earned, so close the tab. For those, who are with us and their answer is ‘maybe” or “No” continue reading. We will tell you, how you can make fortunes and become rich by small savings every month. The simplest way to make a fortune and become rich is money management. Money management is an art in which all individuals needs to work on. The old saying “Money saved is Money earned” is a bit outdated, now a day’s “money saved and invested properly is money earned”. As an individual, you need to analyze your annual expenses, annual luxury, and opportunities available for multiplying your savings. A righ...

Risk Profiling & Financial Planning Mr. Gurmeet and Mr. Rajesh are both working professionals. Gurmeet is a 28-year-old young individual and Mr. Rajesh is in his early 40’s. Do they have the same risk profile? The answer is NO. Let’s take another example, suppose both are of the same age with one being a salaried employee and other a businessman, again the same question “Do they have the same risk profile?” The answer will still remain the same “NO “. Why? Risk profiling before any investment is an immensely critical part. Many of us fail in assessing the risks involved with individuals and investment. A 28-year-old salaried professional will have different risk profiles compared to a 42-year-old salaried professional. Similarly, 28-year-old a businessman will have different risk profiles compared to a 28-year-old salaried professional. Their life’s financial goals are different, their risk appetite is different. In today’s world, each individual has its ...

Financial planning for Retirement fund In today’s world, everyone is running towards making his or her life more comfortable financially. Be it urban or rural population both save money for their future. In our life, we have all sorts of financial goals like children’s education, vacation planning, children’s marriage or buying a new car. But out of this which we don’t consider is the most important task of life which is retirement funding. At a particular age, individuals will stop earning fresh money but expenses will still be there. Major percentage of individuals starts saving for retirement fund after they cross the age of 45 plus. This is actually very difficult to build a decent corpus for retirement at that age as major of liabilities and goals start maturing at that time and which leads to higher expenses and generally individuals are left with no or small corpus of retirement fund. Retirement is actually a period wherein an individual will definitely wish to tra...