Facebook TwitterLinkedInYoutubewhatsapp Start Planning for your Financial goals
Schedule Your Free Consultation
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Holistic investment planners, financial planning Chennai, Private wealth management Chennai

Holistic investment planners, financial planning Chennai, Private wealth management Chennai

Financial Planning chennai India, Private wealth management chennai India, Investment Advisory India, Systematic Investment Plan, Mutual Fund SIP, Mutual Fund ELSS, Tax Saving scheme

  • Home
  • About Us
    • Who we are & What we do
    • Services
      • Financial Road Map
      • Retirement Roadmap
      • Asset Allocation Plan
      • Webinar
      • Money Management
      • Wealth Management
    • In the Media
    • Testimonials
    • What Makes Us Different
    • How we can help you
    • Specialties
    • Honors and Awards
    • Vision & Mission
  • Resources
    • Blog
    • Articles
    • Podcast
  • Ideal Client
  • Contact Us
5 financial planning tips to achieve your goals

5 financial planning tips that makes achieving your financial goals easy

by Holistic Leave a Comment | Filed Under: Financial Planning

Listen to this article


Introduction:

Mr. Kumar, aged 47, a marketing professional, is an ambitious investor. He wanted to save funds for the rainy day and lead a comfortable living. He had read and seen people invest in stocks , mutual funds, and many other investment vehicles.

Most of them made big money, though an even larger number had eroded their capital too. While he knew that investments would help in making returns, what he also wanted to know was the nuances of investing in them and how he could earn and invest smarter.

How to plan your investment portfolio?

There are no shortcuts to success, and for your investment to earn cents and make sense, some of the guidelines that can be followed. Read ahead.

1. Link investment to financial goals for optimal returns

  • Identify your financial goals : Based on the individual, financial goals have to be tailor made. Financial goals give you direction and helps transform financial desires to reality. Financial goals need to be specific, measurable and achievable.
  • Classify these financial goals based in timelines: Set a time frame against each of the financial goal. Financial goals can be broadly classified into the three:
    • * Immediate or short term goals : Achievable in under 12 months
      * Medium term goals : Achievable in 1yr to 5 years
      * Long term goals: Takes more than 5years to accomplish.
  • Earmark the corpus each financial goal would require: Quantify each financial goal, based on the time frame. For instance- if you are investing on a car or your child’s’ education, earmark the corpus that you are likely to expend.
  • Check the timeframe of the financial goals during annual review: When you are doing your annual review check if any financial goal is nearing the target time. As it nears the target time, the long term financial goal may become a medium term financial goal and a medium term financial goal may become a short term financial goal. Accordingly you may need to adjust your investment portfolio.
  • 2. Allocate assets based on risk profile:

  • Assess the risk tolerance: Age and risk appetite, are the major tenets in designing a portfolio.
  • Allocate between debt and equity: As debt carries lesser risk than equity, a portfolio that has a combination of both these elements would be ideal.
  • Equity investments: Investments in equities can be spread across mid cap and large cap funds. Spreading equity funds based on the market capitalization helps in mitigating losses.
  • Debt investments: Similar to equity, debt can also be bifurcated into short term, income bond, and dynamic bonds. Each of these debt funds have different risk class, and hence can be individually tailored to suit specific needs.
  • Mutual funds: Mutual funds are considered a safer option than investing in direct equity. Various plans like SIP, STP have made mutual funds a popular investment vehicle in India.
  • 3. Review the investment portfolio regularly:

    The financial market changes constantly, and therefore it is important to keep abreast with the market.

  • It is necessary to set aside time to review the portfolio on a routine basis. This ensures that the investments are in line with the financial goals. It’s essential to assess your strategy,individual holdings and asset allocation, in light of your financial plans for the future.
  • The intervals of review could be every quarter or half yearly, based on individual or portfolio requirements.
  • Giving room to lethargy during review can be disastrous since you lose track of the investments and makes comparative study for decision making difficult.
  • Too constant review of the performance of the assets might not be very wise as it might induce you to rebalance more often than needed.
  • Post review, in case any inconsistencies are noticed, flex your plans and asset allocation accordingly.
  • 4. Seek professional financial advice:

    The financial market is vast and huge, and to gain expertise, considerable amount of research and experience is required.

  • Since market professionals carry the tag of expertise, they help in setting realistic goals, manage debt and also budget efficiently.
  • Resorting to professional advice in times of need helps explore full financial potential.
  • Sound financial advice can help understand the nitty-gritty of the different investment products and select the right one based on requirement specifics.
  • 5. Investments are not collectibles:

    An investor is a person who allocates money with the expectation of financial returns from them in order to achieve the financial goal. I have seen investor’s portfolio with 46 different mutual fund schemes.

    You need to be an investor (selecting few good schemes to invest) and should not be an investment collector. Just like a stamp collector the investment collector collects different investment schemes in his portfolio. This habit will dilute the returns and make the tracking and monitoring the portfolio difficult.

    With changing times, the investment market has a lot to offer to the informed investors. Over the decades, the choice and variety in financial instruments have increased by leap and bounds.

    Investment planning requires discipline, planning and awareness. With the right strategies in place you’d soon realize that investments can make money work for you.

    If you have any comments or questions, write them in the comment box below.

    Or are you interested in creating a Comprehensive Financial Plan for your financial goals?

    Skip the queue by registering for your 30 Minute FREE Financial Plan Consultation. Click the ‘‘BOOK YOUR SLOT NOW!’’ button below. 

    Reader Interactions

    Previous article: How to get exemption from paying Capital Gain Tax?
    Next article: What Insurance Companies do not tell you about your Vehicle’s Insurance?

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Primary Sidebar

    Client Login

    Recent Posts

    • Mastering Islamic Finance: The Ultimate Guide to Sharia Investment
    • Smart Financial Planning Tips for Beginners – A Complete Guide
    • SIP Investment Mistakes! How to Overcome Them?
    • What is Flexi Cap Mutual Fund:
      Explained
    • Explained: What is ELSS Mutual Fund?
    Jey S
    Jey S
    24. September, 2021.
    I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
    aksaswadkar
    aksaswadkar
    24. September, 2021.
    I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
    Lionel Faber
    Lionel Faber
    16. September, 2021.
    I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
    Sridhar
    Sridhar
    8. September, 2021.
    Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
    Nitesh Agrawal
    Nitesh Agrawal
    6. September, 2021.
    I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
    Swetha Vasanth
    Swetha Vasanth
    6. September, 2021.
    This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
    Joseph Mathias
    Joseph Mathias
    6. September, 2021.
    I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
    Srinvas Kannan
    Srinvas Kannan
    30. July, 2021.
    I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
    Shivaram Andiappan Selvaraj
    Shivaram Andiappan Selvaraj
    3. July, 2021.
    I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
    Nellai B
    Nellai B
    26. June, 2021.
    I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
    Google rating score: 4.4 of 5,
    based on 61 reviews

    Footer

    • Articles
    • Gallery
    • Ideal Client
    • Jobs(Full Time)
    • Podcast
    • Services
    • Testimonials

    Connect With Us

    Holisticinvestment.in
    10/15, Second Cross Street,
    Seethammal Extn.,
    Teynampet,
    Chennai – 600 018,
    INDIA.

    Copyright © 2022. Holisticinvestment.in | All rights reserved.    Cared with ❤ by T-Square Cloud

    ×