Moving towards a diversified investment plan to reach desired goals.
Akheel Jain, 36, started his career with Adlabs Films Limited a couple of years back and is currently working at Samsung Electronics India Private Limited as an Area Manager in Sales, Guwahati, Assam. Brought up in a joint family, he is well aware of the fact that savings is followed and maintained as the traditional method of building wealth. He had always known that such orthodox method of savings will not be able to fulfill his desired goals.
With investments in fixed deposits and LICs, Jain acquired the understanding of the benefits of systematic investments from his cousin who used to work in a financial advisory firm in Bengaluru. “Savings should be started from a very early age,” despite believing in this policy, he regretted wasting the crucial time when it was supposed to be started. Jain shared his wish of educating his nine-year-old son, Mahit, in a well-known university and also taking retirement at the age of 60. While gathering information about his existing investments and wealth, he shared that he only owns a few fixed deposits and LICs availed by his father. He currently resides with his parents and siblings as a joint family in his own house.
Jain wanted us to show him the roadmap towards achieving his desired goal being – Mahit’s education and marriage along with the creation of his retirement corpus. He has mentioned that his annual income ranges between 25-30 lakh and can religiously follow the plan advised in building the corpus as wished for.
The direction to creating happiness
Esta historia es de la edición March 2019 de Outlook Money.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 2019 de Outlook Money.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Stay Ahead Of AI-Powered Cyber Fraud
AI has become an integral part of our lives, right from customer service at banks to insurance claims. But it has now become a powerful arsenal for the fraudsters too who are increasingly using AI to scam individuals and corporations alike to commit fraud. The key is to stay vigilant
Travelling To Europe? Pack In The Essential Covers
Smart travellers must know that insurance is a must-have. From essential health coverage to theft protection and trip interruptions, know what you need for a worry-free Europe trip
How To Spend Wisely This Year-End
We all spend during the year-end. But the trick is not to overspend or borrow, either from friends, or your own investment, to fund your indulgence. Maintaining balance is the key
Travel Now Pay Later (TNPL)
Travel now, pay later (TNPL) is a close cousin of the more popular buy now, pay later (BNPL) schemes.
12 Books Devina Mehra Loved Reading In 2024
Listing books of her choice, among the ones she reads during the year, is ace investor Devina Mehra's favourite year-end activity. She says it's a daunting task to pick around 12 books from a list of 50.
Here's How To Avail Of Ayushman Bharat Yojana
Launched in 2018, the Ayushman Bharat Yojana aimed to provide health coverage to targeted benefi ciaries from the Socio-Economic Caste Census (SECC) 2011, based on deprivation and occupational criteria.
'Focus On The Business, Assess If You Want To Be A Partner For 10-20 Years'
Professor Sanjay Bakshi, a value investor, behavioural economist and adjunct professor at Flame University, Pune, gives his unique perspective on how to choose a stock, in an interview with Nidhi Sinha, editor, Outlook Money, as part of the Wealth Wizards series. He also shares his learnings from role models Warren Buffett, Charlie Munger, Benjamin Graham and others, and how being a chartered accountant, economist, investor and teacher make him into what he is today. Edited excerpts from the interview
The New Trump Card For IT, Pharma
Donald Trump has been re-elected as the 47th President of the US after a gap of four years. Here's how it will affect the Indian markets and how it will benefit sectors such as IT, pharma, export-oriented sectors and others
European Sojourn
Tight on budget? Dump the popular European destinations for the little-known wonders that are equally attractive
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
