Expert Zone

Straight from the Specialists

Why financial planning is important

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(The views expressed in this column are the author’s own and do not represent those of either Quantum AMC or Reuters)

The unexpected sight of a familiar pair of shoes placed on the shoe rack at home evoked memories of my dad, who died a few months ago.

I remembered how, in the weeks after his death, I had to sort out his finances and realised all was not well. It was his frugal habits that allowed him to amass wealth and not optimal asset allocation.

Do you ever wonder what your family would do if you died today? I did and realised I had to be better prepared. I am not as frugal as my dad but do have some of his habits and manage to save. But was it enough?

Insurance industry players go online — reluctantly

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

From the year 2000 onwards, the Indian insurance industry saw a number of private players entering through the gates thrown open by the government. Public sector player LIC had already gained an edge by being a pioneer in the life insurance space. With an army of agents, LIC was way ahead of these latecomers and found itself settled comfortably.

Five steps to a goal-based investment plan

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Life is filled with desires and ambitions. A holiday abroad, a swanky new car or a plush home, whatever it may be, we earn money to fulfil such goals. However, very often, when it comes to saving for our goals, most of us randomly make investments without a proper plan. We buy financial products, without giving much thought if it is actually going to help us at the time when goals are to be met.

The ‘nothing can happen to me’ attitude

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Decent paying job? – Yes
Chances of a better paying job? – Maybe, Yes
Own a car? – Yes
Own a house? – Yes
Happy family? – Definitely Yes. I just love my wife and kids. I want my parents too to lead a great retired life.

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