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Investment plan for a friend

cardio_guy

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One of my friend (also a distant relative) reached out to me asking for his investment advice. He has shared his investment details with me and asked for suggestion or feedback. Since I am not very sure, I asked him to approach any financial planner. But I thought of sharing the details without revealing personal information here. Just I was surprised to see that with proper planning and disciplined investments saving a good amount is possible.

Ages: Husband (36), Wife (31), Parents (65, 70)
  • Monthly household income: ₹3,00,000
  • Monthly household expenses: ₹80,000
  • Monthly Investments: ₹2,20,000
  • Total Investments as of now: Debt portion: ₹2 Cr in EPF, PPF, SCSS, PMVVY, Money Market Funds and FD combined.
  • Equity portion: ₹20L in Nifty 50, Nifty 100 and Nifty LargeMidCap 250 Index Funds combined.
  • No liabilities or short-term goals other than maintaining current lifestyle.
  • No plans for children and no intention to build a new house in the next 5-8 years, or even more.
  • There are no big ticket liabilities coming up in the foreseeable near future.
  • Health insurance: ₹20L for immediate family; parents in good health but only covered under corporate insurance.
  • Private Insurance outside of corporate cover needs to be sorted out.
 
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financial planner is best because ur friend has all the money with them without any liabilities, they also seggregated properly in different baskets without any goals. For better approach sebi registered financial planners but be careful they also might work for commission and can suggest less returns to us more profit to them plans, so take it pich of salt.

How come no goals for both Husband and wife at 36 and 31, they still have more time. Atleast world tour :man-shrugging: maybe
 
cardio_guy said:
One of my friend (also a distant relative) reached out to me asking for his investment advice. He has shared his investment details with me and asked for suggestion or feedback. Since I am not very sure, I asked him to approach any financial planner. But I thought of sharing the details without revealing personal information here. Just I was surprised to see that with proper planning and disciplined investments saving a good amount is possible.

Ages: Husband (36), Wife (31), Parents (65, 70)
  • Monthly household income: ₹3,00,000
  • Monthly household expenses: ₹80,000
  • Monthly Investments: ₹2,20,000
  • Total Investments as of now: Debt portion: ₹2 Cr in EPF, PPF, SCSS, PMVVY, Money Market Funds and FD combined.
  • Equity portion: ₹20L in Nifty 50, Nifty 100 and Nifty LargeMidCap 250 Index Funds combined.
  • No liabilities or short-term goals other than maintaining current lifestyle.
  • No plans for children and no intention to build a new house in the next 5-8 years, or even more.
  • There are no big ticket liabilities coming up in the foreseeable near future.
  • Health insurance: ₹20L for immediate family; parents in good health but only covered under corporate insurance.
  • Private Insurance outside of corporate cover needs to be sorted out.
Click to expand...
Essai sai bhi jada kuch plan ho sakta h kya
 
helloworld said:
financial planner is best because ur friend has all the money with them without any liabilities, they also seggregated properly in different baskets without any goals. For better approach sebi registered financial planners but be careful they also might work for commission and can suggest less returns to us more profit to them plans, so take it pich of salt.

How come no goals for both Husband and wife at 36 and 31, they still have more time. Atleast world tour :man-shrugging: maybe
Click to expand...
I think he has not disclosed the goals part to me. Or I didn't ask that. It was just an investment review. Anyway I have advised to talk to a financial planner. Asked to choose from the freefincal list of fee only planners
 
cardio_guy said:
I think he has not disclosed the goals part to me. Or I didn't ask that. It was just an investment review. Anyway I have advised to talk to a financial planner. Asked to choose from the freefincal list of fee only planners
Click to expand...

my observations (not an expert, just observations):

monthly income/expense: 17% (they have around 83% which was really really good)

Investments: around 90% on debt than equity, which usually means conservative (u know conservative means suggestions are very known places which they already doing), if they have to move equity need to know goal because they wouldn't worry about market.

IMO: Someone in 30s without any dependents, liabilities wouldn't keep that much in debt cateogory because its not inflation positive.

They're financially free which was dream for many, yet the same time they should've atleast 1 goal (as said earlier world tour maybe as an example) because there is so much life to live. Not everyone in their position, yet they have the opportunity.

Ask them about goals like early retirement, planned a beach house, world tour etc. then approach any financial planner for advice, without it they also can't suggest but to get their commision.
 
I spoke to him yesterday and he gave me some more information:

They do have some goals, but it's not very strong and concrete. Like for example, they want to buy a car after some years. They already have 2 cars in the family. Both are relatively new cars. So buying a bigger car is not very urgent. They plan it to do after 3-4 years, but model, design etc is not finalized.

They are staying with their parents, but not planning of moving to a new house anytime soon. They already have 2-3 houses in the family (including in-laws etc). So they may not buy a new land and build house or buy an apartment. They will do some renovations in one of these existing houses and move in there.

They don't have any immediate international travel plan, it may happen after 2-3 years, but that's not so important to them.

They are not planning to make any kids so that is the only thing which is confirmed for them. So all costs related to kids education, marriage, other expenses of bringing up a child is not there for them.

Overall it looks to me like they can't plan without having a concrete goal.
 
cardio_guy said:
I spoke to him yesterday and he gave me some more information:

They do have some goals, but it's not very strong and concrete. Like for example, they want to buy a car after some years. They already have 2 cars in the family. Both are relatively new cars. So buying a bigger car is not very urgent. They plan it to do after 3-4 years, but model, design etc is not finalized.

They are staying with their parents, but not planning of moving to a new house anytime soon. They already have 2-3 houses in the family (including in-laws etc). So they may not buy a new land and build house or buy an apartment. They will do some renovations in one of these existing houses and move in there.

They don't have any immediate international travel plan, it may happen after 2-3 years, but that's not so important to them.

They are not planning to make any kids so that is the only thing which is confirmed for them. So all costs related to kids education, marriage, other expenses of bringing up a child is not there for them.

Overall it looks to me like they can't plan without having a concrete goal.
Click to expand...

If they have everything, until they got new requirement let the current plan run as is. Once they got new goal or figured they want something then can think about investment advice. Till then I think its better to keep as is.
 
cardio_guy said:
One of my friend (also a distant relative) reached out to me asking for his investment advice. He has shared his investment details with me and asked for suggestion or feedback. Since I am not very sure, I asked him to approach any financial planner. But I thought of sharing the details without revealing personal information here. Just I was surprised to see that with proper planning and disciplined investments saving a good amount is possible.

Ages: Husband (36), Wife (31), Parents (65, 70)
  • Monthly household income: ₹3,00,000
  • Monthly household expenses: ₹80,000
  • Monthly Investments: ₹2,20,000
  • Total Investments as of now: Debt portion: ₹2 Cr in EPF, PPF, SCSS, PMVVY, Money Market Funds and FD combined.
  • Equity portion: ₹20L in Nifty 50, Nifty 100 and Nifty LargeMidCap 250 Index Funds combined.
  • No liabilities or short-term goals other than maintaining current lifestyle.
  • No plans for children and no intention to build a new house in the next 5-8 years, or even more.
  • There are no big ticket liabilities coming up in the foreseeable near future.
  • Health insurance: ₹20L for immediate family; parents in good health but only covered under corporate insurance.
  • Private Insurance outside of corporate cover needs to be sorted out.
Click to expand...

cardio_guy said:
I spoke to him yesterday and he gave me some more information:

They do have some goals, but it's not very strong and concrete. Like for example, they want to buy a car after some years. They already have 2 cars in the family. Both are relatively new cars. So buying a bigger car is not very urgent. They plan it to do after 3-4 years, but model, design etc is not finalized.

They are staying with their parents, but not planning of moving to a new house anytime soon. They already have 2-3 houses in the family (including in-laws etc). So they may not buy a new land and build house or buy an apartment. They will do some renovations in one of these existing houses and move in there.

They don't have any immediate international travel plan, it may happen after 2-3 years, but that's not so important to them.

They are not planning to make any kids so that is the only thing which is confirmed for them. So all costs related to kids education, marriage, other expenses of bringing up a child is not there for them.

Overall it looks to me like they can't plan without having a concrete goal.
Click to expand...
Already Callibrated 🎉
 
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cardio_guy said:
One of my friend (also a distant relative) reached out to me asking for his investment advice. He has shared his investment details with me and asked for suggestion or feedback. Since I am not very sure, I asked him to approach any financial planner. But I thought of sharing the details without revealing personal information here. Just I was surprised to see that with proper planning and disciplined investments saving a good amount is possible.

Ages: Husband (36), Wife (31), Parents (65, 70)
  • Monthly household income: ₹3,00,000
  • Monthly household expenses: ₹80,000
  • Monthly Investments: ₹2,20,000
  • Total Investments as of now: Debt portion: ₹2 Cr in EPF, PPF, SCSS, PMVVY, Money Market Funds and FD combined.
  • Equity portion: ₹20L in Nifty 50, Nifty 100 and Nifty LargeMidCap 250 Index Funds combined.
  • No liabilities or short-term goals other than maintaining current lifestyle.
  • No plans for children and no intention to build a new house in the next 5-8 years, or even more.
  • There are no big ticket liabilities coming up in the foreseeable near future.
  • Health insurance: ₹20L for immediate family; parents in good health but only covered under corporate insurance.
  • Private Insurance outside of corporate cover needs to be sorted out.
Click to expand...
If you want to contact a CFA/CFP I can provide you contact details (not sure if this is allowed here if not kindly delete.)
 
cardio_guy said:
I spoke to him yesterday and he gave me some more information:

They do have some goals, but it's not very strong and concrete. Like for example, they want to buy a car after some years. They already have 2 cars in the family. Both are relatively new cars. So buying a bigger car is not very urgent. They plan it to do after 3-4 years, but model, design etc is not finalized.

They are staying with their parents, but not planning of moving to a new house anytime soon. They already have 2-3 houses in the family (including in-laws etc). So they may not buy a new land and build house or buy an apartment. They will do some renovations in one of these existing houses and move in there.

They don't have any immediate international travel plan, it may happen after 2-3 years, but that's not so important to them.

They are not planning to make any kids so that is the only thing which is confirmed for them. So all costs related to kids education, marriage, other expenses of bringing up a child is not there for them.

Overall it looks to me like they can't plan without having a concrete goal.
Click to expand...
I want such problems in my life 🙃
 
cardio_guy said:
I spoke to him yesterday and he gave me some more information:

They do have some goals, but it's not very strong and concrete. Like for example, they want to buy a car after some years. They already have 2 cars in the family. Both are relatively new cars. So buying a bigger car is not very urgent. They plan it to do after 3-4 years, but model, design etc is not finalized.

They are staying with their parents, but not planning of moving to a new house anytime soon. They already have 2-3 houses in the family (including in-laws etc). So they may not buy a new land and build house or buy an apartment. They will do some renovations in one of these existing houses and move in there.

They don't have any immediate international travel plan, it may happen after 2-3 years, but that's not so important to them.

They are not planning to make any kids so that is the only thing which is confirmed for them. So all costs related to kids education, marriage, other expenses of bringing up a child is not there for them.

Overall it looks to me like they can't plan without having a concrete goal.
Click to expand...
Ye log sab moh maya se upar uth chuke h :hehe:

Which is quite good actually, as I generally see the opposite. Broke people trying to buy as much luxuries as possible.
 
As perfect a financial life as one can get.
All financial aspects taken care of. No major financial challenges. No immediate financial goals. Absolute financial bliss.
Touch wood. 🙂
 
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