How to protect ourselves against – Dragon of Direct Plan.
A couple of months back when I was in Kolkata for a business tour, I came to know that within a week period 4 top-level MFDs lost their clients AUM worth of 5Cr to 10Cr each to Direct Plans. Out of 4, 3 were CFPs. One of the clients was a close relative of one CFP-MFD.
Now one question arises about how many other cases might have happened earlier.… Read the rest
Perfact Retirement Solution
Mis-Conception on Earning Retirement Salary:
What Retired person should have in their Retirement kitty? People are divided on whether they should be Cash Reach or Asset Reach at their Retirements.
Some think that a retired person should be Cash Reach while others think a Retired person should be Asset Reach.
I think a retired person should have to have their own house to enjoy their retirement with dignity and they should also have sufficient Corpus in terms of cash as well as liquid assets for getting their “INCREMENTAL MONTHLY INCOME“.… Read the rest
Lessons for IFAs from BJP’s strategy for winning the 2019 elections.
In 2019 election BJP was knowing that in Up and Bihar there will be a major setback for them because of alliances in both the States, due to this division in opposition votes was not possible. According to report they were going to lose higher no of seats.
Now, what to do? So BJP has decided to compensate for the losses from other states where they have no presence yet like WB, Orissa and Northeastern states, as well as keep the losses of seats at a minimum level so the existing position can easily be achieved in the house.… Read the rest
Perfect Retirement Solution – 2
In my last blog we have seen that how a Retired Person might get in to the trouble While making an arrangement for regular cash flaw [income] 8 Big mistakes to be avoided in Retire Planning as well as Retirement Solution.
For details go through my last post: perfect-retirement-solution-1
Now in this blog we will discuss about Perfect Retirement Solution:
First of all we will discuss what is the Requirement to make a Perfact Retirement Solutions:
Requirement of an Ideal Retirement Solution:
- Inflation Hedging.
Perfect Retirement Planning – 3
Last week we have seen How to think about your Retirement Planning and what steps should be executed and what should be avoided.
For starting your retirement planning first of all we should know your current cash flow alongwith your lifestyle
Before discussing about how much corpus is actually needed for retirement, we need to understand what is Retirement Planning and why is it important?… Read the rest
Start Financial Planning
Wish You All
Happy and Prosperous New Year
Welcome 2018
Let us all take a new year resolution on this new year day that “We all will learn and educate others about Financial Literacy by which we will have a Happy & Prosperous living in our life”
To support
Financial Education Week (FEW) is an independent, not-for-profit national initiative, we have started this Financial Literacy Mission a little contribution from our side.… Read the rest
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