Hello Everyone,Question: Is personal financial planning required? Answer: Of course, yes. Question: How do we plan? Answer: Good question, I can write a book. Let us explore.
When I browse through the net or talk to any financial advisor, I always manage to get different opinions. It is same with you. Great we are on the same track.
1. Financial advisor should be independent and not product specific [Is it possible to get one-if you find one please send me the details].
2. Talk to agents to get the information you need. This should help you in your financial planning. Do not get drawn by marketing stunts (that is what I call).
Indian Banks follow RBI guidelines of min. 6% (yes that is right, 6% and not 4%).
Please comment on what you think.