Creating a financial Portfolio for Retirement

Creating a financial Portfolio for Retirement

A survey is conducted in couple of IT industry around financial portfolio, and we realized that there are lack of knowledge in most of the IT Employees about how to create a financial portfolio.

Well this article will help you in creating the financial portfolio for retirement. Any member has following needs:-

  1. Food
  2. Shelter
  3. Cloth
  4. Health
  5. Society

You might have planned for Food, Shelter & Cloths, but you needs to consider the health & Society, as major chunk of money will go against these 2 items. Health Insurance is mandate and needs to be started at early age, such that everything is covered and there is no exclusions. It will cost around Rs. 20,000 yearly for a member age ~ 60 years.

Considering today 1 Lac will provide you Rs. 7,350 annually, which means you needs to have ~3 Lac deposited in bank account to generate the Interest which can pay off the Medical premium.

Considering your monthly expenditure of Rs. 30,000 to fulfill the #1,#2 & #3 needs then it requires close to ~4 * 12 Lac. Little confusing, well You need to have 12 different FD’s, each FD amount is 4 Lac, such that annuity will pay you monthly expenses.

Saying above things, you need to have cash portfolio of ~51 lac to fulfill your needs as of today. Now question comes how to generate this much hard cash at the time of retirement to fulfill daily needs.

  1. Every employer invests handsome amount in EPF, don’t withdraw the money. Considering your age is 25 years, and Annual Salary of 10 Lac and retirement age of 50 years then You will be able to get you will be able to get ~1.5 Cr at the time of retirement, considering 8% growth every year. Calculated using Economics tools
  2. Buy the heath Insurance today, You can buy it from Adviser or directly from Online Portal, Prefer to buy from adviser as he can help in clearing your doubts. I have bought my health policy from ICICI Advisor, you can also get in touch with him @ 9900031871 (Nitin Gupta).
  3. Buy the Term Plan, to make sure in case something happened bad to earning member then family should be able to run the Business, 1 Cr will cost ~9000 per annum.
  4. Buy the home, this will help in reducing the monthly expenditure in long term
  5. Invest in diverse portfolio
    1. Mutual Funds using SIP (35%) … Create Account
    2. Direct Stock Market (20%)………..Create Account
    3. Bank Deposit (30%)…………………Refer here to get the Bank details
    4. Gold & Commodity (15%)………….Create Account

In case you are not able to get ~50-60 Lac of hard cash then look for annuity, where bankers will provide the monthly pension. 1 Lac will provide ~763 per month considering annuity for 20 years & inflation rate at 5% & interest rate at 7%.

Note:

All the calculates are done as of Today, but you needs to consider an inflation of ~ 5-6% every year.

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Water Softener installation

Water Softener installation

In Bangalore, Water Hardness level varies from 150 to 600. Water with hardness level less than 150 is good for regular usage, like Bathing, washing etc. In case you are using water with hardness level greater than 150 then there are some common problems those you should be aware of

  • Increase in Hair Fall
  • Stains in Bathroom / Utensils
  • Pipe clogged
  • Reduction in Cloths shininess
  • Skin related Problems
  • Wear & Tear of electrical appliances

Refer to http://www.water-rightgroup.com/blog/8-hard-water-problems/ for more details on common problems.

 

Now question comes how to get rid of above mentioned problems, Well solution is easy and little costly. You need to spend ~10,000 Bucks to have effective softener for your bathroom. Items those you need to install Softener for your home are listed down.

No. Description Buy Link Details Price
1 Vessel Buy Pentair Vessel This Vessel will be able to handle resign of ~30 Liters 3000
2 Multiport Valves Buy MPV Multiport Valves – Softener is required for Water inlet / outlet / recharge 1300
3. Resins Buy Resin Indion 225H (Strong Cation Ion Exchange Resin), 25 Liters of Resign is enough for small family 2750
4 Hardware   Hardware material, like Pipes, water controller 2000
5 Installation   Installation 1500

Installation of softener is very easy, refer to below mentioned picture for reference, in case you need please reach out at nitnew@gmail.com / 9900031871

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Add chat plugin for website and boost your business’s goodwill!

Livechatinc is an excellent marketing tool that can uplift the relationship with customers properly. Companies that have decided to add chat to website and improve the level of customer support plan must work on it seriously. Steps-

  • The first step is to look for the right live chat software that can help in connecting with customers quickly. This tool should be chosen correctly so that company can improve their goodwill.
  • The firm should set up a page in which various questions are written for the budding customers.

By following these steps, a company can increase the conversion of sale properly in less time. But before adding the chat box or the live chat to the organization, it is vital to prepare all the agents properly so that they can give an accurate solution in less time. Hired chat agents must be skilled and should know all the information regarding various products and services.
live chat app can only work accurately if agents are polite enough over the chat. They should give a most accessible channel to the customer so that they can communicate at any point in time. Time of the customer is very precious and so is of the agent that is why customers should be attended in less time. This will help the customer in getting proper resolution without taking much time.

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Livechatinc is an excellent marketing tool that can uplift the relationship with customers properly. Companies that have decided to add chat to website and improve the level of customer support plan must work on it seriously. Steps-

  • The first step is to look for the right live chat software that can help in connecting with customers quickly. This tool should be chosen correctly so that company can improve their goodwill.
  • The firm should set up a page in which various questions are written for the budding customers.

By following these steps, a company can increase the conversion of sale properly in less time. But before adding the chat box or the live chat to the organization, it is vital to prepare all the agents properly so that they can give an accurate solution in less time. Hired chat agents must be skilled and should know all the information regarding various products and services.
live chat app can only work accurately if agents are polite enough over the chat. They should give a most accessible channel to the customer so that they can communicate at any point in time. Time of the customer is very precious and so is of the agent that is why customers should be attended in less time. This will help the customer in getting proper resolution without taking much time.

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