Financial Planning is the process of taking holistic view of the financial needs of the individual and helping them with the appropriate solution to achieve their goals.
Financial plan is the roadmap, which is followed and reviewed at regular intervals to see it attain at its fulfilment.
Individual’s financial goals includes retirement planning, funding children’s education, buying a property/house, buying a car, foreign trips etc. It also includes analyzing one’s insurance needs at various stages of life, thereby going for appropriate amount of insurance. Generally I have noticed that, individual have taken insurance as investment tool, but do they really serve you has a best investment tool. This kind of double purpose vehicle, neither provides adequate insurance nor works as an investment tool.
I want you to think, insurance as a tool to transfer your risk at minimal cost to respective insurance company. This kind of thinking will help you to give greater importance to insurance and be sincere about insurance planning.
In this world of ever changing economic conditions, have you given a thought, that which financial products suits you, what are risk and return ratios, and does it comply with inflations, tax implications etc.
In India, equity and debt markets have become more volatile due to global and domestic factors, thus calling for constant monitoring of the markets. Investment options are also increasing. Financial planner has to carefully access all the products available and match the puzzle with suitable proportions to meet client’s requirement. After the investment is made, monitoring the plan and rebalancing the portfolio over different market cycles, is the most important part, is followed throughout the life of the plan.
Well, from above obvious reasons, anyone who has financial goals, needs to take a path of financial planning.
At Renuka Investments, we take utmost care to understand, prepare and monitor your financial goals. I am sure it will be a pleasure and joyful experience for you. Looking forward to meet you personally. Wishing you and your friends all the best.
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