Common money mistakes Doctors commit

1. Delaying retirement planning for immediate income rather than long-term goals.

2. Over-leveraging on loans for homes, cars, or high-ticket items.

3. Lifestyle inflation: Allowing spending to rise proportionately to income.

4. Lack of diversification: Failing to diversify investments increases risk.

5. Inadequate financial education: Not seeking professional advice or continuing education on personal finance.

6. Ignoring emergency funds: Neglecting to maintain an emergency fund for unexpected expenses.

7. Overconfidence in income stability: Assuming a high income guarantees financial security without proper planning.

Real Life retirement planning calculation

1. Choose a target retirement age and estimate life expectancy.

2. Estimate post-retirement expenses, accounting for inflation.

3. Assess current savings and investments, including any expected pension or social security benefits.

4. Calculate the required retirement corpus, adjusting for inflation and investment returns.

5. Determine the annual savings required, considering expected investment returns during the pre-retirement phase.

6. Review and adjust investment strategy, shifting to more conservative investments as retirement approaches.

7. Account for unexpected expenses by including a buffer in the retirement corpus.

Demystifying Mutual Fund Sahi Hei Campaign

• Market Risks: Returns fluctuate with market conditions, and losses are possible.
• Performance Variability: Not all funds perform well; some may underperform.
• Hidden Costs: Expense ratios and fees can reduce overall returns.
• Complexity: Understanding different funds can be challenging for beginners.
• Not Ideal for Short-Term Goals: Market volatility makes them risky for short-term needs.
• Overconfidence in SIPs: SIPs still carry market risks; they don't eliminate them.
• Misleading Simplicity: The phrase oversimplifies mutual fund investing, which isn’t suitable for everyone.
• Redemption and Tax Risks: Exit loads, restrictions, and tax implications can affect returns.

Q&A

Interactive Q&A: Engage directly with our expert panel.

Personalized Insights: Get answers to your specific questions and challenges.

Deep Dive: Clarification on key concepts and detailed explanations.

Actionable Takeaways: Leave with clear understanding and practical advice.

Direct Interaction: Opportunity to connect with industry leaders.