Indians traditionally consider parents as emergency fund and children as retirement corpus. For the changing times, DSIJ takes you through the financial planning process that will help you build your own corpus to create emergency and retirement fund.
It is a statistic that has been held consistently for a long period now, but it was exposed recently by a survey done by a fund house. Take 100 Indians—of these 68 expect their children to support them at some point in their retirement, whereas 58 think they will not be able to live comfortably in their golden age, and worse, 64 are worried about the rising cost of healthcare. Such worries do not come out of their lower earnings, but their inability to anticipate future financial needs. Only 33 percent of working Indians are putting money aside for retirement and are saving only 71% of the required amount.
Managing finances can be stressful. This holds true even for finance professionals who are supposed to be adept with finance and understand its importance. The issue of personal finance becomes more challenging as individuals become responsible for their long term financial well-being. Therefore, financial planning becomes important, not just for people who have never thought about their finances, but also for everyone, and whatever the situation.
Financial planning should not worry you as it does not take much to get financially organized. You owe it to yourself to choose a financial lifestyle that helps you secure your future financially. Getting the advice of an expert with the right sign-posting may be the starting point that will relieve much of the weight off your shoulders. It has been observed that individuals who work with financial planners feel better prepared to achieve their financial goals. So what is financial planning all about?
What is financial planning?
Denne historien er fra April 29, 2019-utgaven av Dalal Street Investment Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra April 29, 2019-utgaven av Dalal Street Investment Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
