Financial planning:
Financial planning is the process for you to meet your financial goals keeping in mind your assets, liabilities, income expenses and price inflation together.
But do you really need financial planning. Not really if you have a machine at your home and you can print as much as money as you want. But that is not the case even with Mr. Mukesh Ambani or Mr. Bill Gates.
Everyone needs financial planning to answer questions like
How much do I need in ten years time to buy a house?
How much should I invest now to get that money in ten years?
What should be my return on investment?
What instruments would give me those kinds of returns.
Are the instruments suitable for me based on my risk tolerance and risk taking capacity?
How do I monitor the investments?
Many times people are not able to differentiate between risk tolerance and risk taking capacity and that is where expert financial planner comes in to picture. They help you differentiate between the above two and answer and implement all your questions above.
Financial planning includes
Investment planning
Risk Management and Insurance planning
Retirement planning
Tax planning and Estate planning
In case you wish to know more or avail this service please contact
Mr. Vivek Pandurang Datar
Flat no. 1 Mulund Chitralekha society
Deshmukh wadi Mithagar road
Mulund East Mumbai 400081
Phone 022- 21638988
Mobile 9322204430/ 9223237379
Labels: Financial Planning