Prajna Capital - An Investment Guide

Planners suggests a Financial plan for a youngster who has just started his career Any individual who has started working mostly will not have much financial dependency or commitments. But like all of he/she also will have own dreams and aspirations. There are multiple investment and saving options available to them. But the question they faces is, what would be the best instruments for them to invest in and what would be its allocations. Goals and aspirations Write down all your gloas both long tem and short term. Also the long term ambition. Analyse where you stand? Salary Cash in bank Investments Any other savings Analysis of the situation Make each of the goals and aspirations quantifiable Make them time bound Do not invest randomlyPrepare a good financial foundation RECOMMENDATIONS At this point one cannot focus on a full-fledged financial plan. But focus should be on building the core of his financial plan. The following are the measures one should take: •Define cash-flow: This...

Any investment planning must guard against the unforeseen, particularly when it pertains to your better half. Take stock of the must-do list JOHN Lennon, one of the founding members of The Beatles, once noted in his album, Double Fantasy, that life is what happens to you while you’re busy making other plans . Perhaps, Lennon wouldn’t have given a second thought to what he said. But, life certainly did. Some years later, he was shot dead by Mark David Chapman, for whom Lennon had autographed a copy of Double Fantasy earlier that same night. Lennon has left a treasure of melodies for his admirers but some of us aren’t that lucky. Any eventuality, may not only affect your family emotionally but financially as well. Specially, for your spouse, who can be in dire straits if you haven’t planned for such a situation. Here’s a low down on what to keep in mind while building a financial reserve for your better half. TILL THERE WAS YOU Financial planners hold the view that before you make any pl...