Emergency fund should be treated as hygiene and not an investment. Only then one can resist the temptation to chase returns. In case of emergency funds- capital protection is more important than capital growth.
Planning based on duration is traditional way. Most modern financial planners in western countries are planning nowadays based on cash flow expectations. Lump sums or regular cash flow. Lump sum is equivalent to short term & large cash flows is equivalent to long term.
Emergency fund should not be considered an investment at all... It has to be parked some in liquid fund, some in FD and some in normal savings account for immediate access
My perspective on Emergency fund is to have sufficient liquid investments that could very well serve for short, medium or long term depending on when the emergency would occur. But more than anything it is important to hedge all types of emergencies with insurance so that you don’t only depend on the emergency fund when the need arises.
Sir, why do you assume retirement is 60 years? These days, corporates fire people over 50. It would ve predent planning to assume conservative forced retirement age of 45 years.
Can you make a video for how to make investments between the age of 45 to 60? Should we invest lumpsum in mutual funds for 5 years or 10 years when we are in our 40s?
Hello Sir, I am working in Qatar, I have an NRE account. If I invest through my account in mutual fund, will there br any extra tax while reselling my mutual fund? Kindly advise 🙏🏻
Hello Sir, many thanks for your help with information videos. I have a query..I am uk citizen and can I be a nominee of Fixed Deposit of my Dads or say Aunt’s FD. And will I be able to get the money moved to my NRE accounts say in case something happens to FD owner example in case of death. Thanks Dinesh
@@NRIMoneyClinic hello Sir, thanks for your reply. Pls do let me know how can i utilize your services. Is there a website or number i can get in touch with you. Thanks, Dinesh