Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every purchase you make, you can't buy something else. Varied sources of income is wise and especially living within your means. Think about taxes and how you get your income. I made $92k combined net last year and paid no Federal taxes.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
@@brendazvandasara Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
@@stellaadams593 Sure, the Investment advisor that guides me is "CLAUDIA TRINIDAD RIVAS" and she's renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
@@brendazvandasara There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...
@@gowonjake Claudia really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Doesn't matter how much you research on such things yourselves... ET money channel will always provide with something extra every single time.. Have been hooked to such videos
Hello Mr. Nath , no way would I want you to retire early . I believe you are the best and the greatest Financial Guru . Need your valuable knowledge for our benefit. Regards from Mumbai
You always chooses the most appropriate and contemporary topics. The way you explain the details is also brilliant. Keep up the good work, your channel deserves huge number of subscribers.
After making 1 crore before 35 years of age I realized . Its a curse to be born in India's system, u earn money , pay 31.2% direct taxes which goes to reservation, minority appeasement, I need to buy own health insurance which has terms n conditions because govt doesn't care. Plan for children's education, plan for retirement. All burden on you and when one virus comes govt can't even provide you one oxygen cylinder. All developed countries takes care of their tax payers and in India it's opposite. I am not criticising a country but a system built here.
Couldn't agree more. In india ita kinda assume that our taxes are for the upliftment of the poor. However, our taxes should be used to provide us basic facilities. The system twerked the definition of the taxes with in the democratic frame.
All the tax payer money is going in welfare programme.People should procreate no of children which they can feed.As of now government providing ration from last year which cost excheqeur 5 lakhs crores which is taken from taxpayer.No focus on infrastructure only on welfare programme either bjp or congress in power.
You should be fortunate and blessed to make 1C before 35 and just think how many people are able to make this money in this short term? Many takes 50s,60s to get this corpus. I partially agree with your views. Main thing to notice is you can plan your entire life till last with this amount considering cost of living in India..whereas this amount will never be sufficient if you live in foreign countries and MOREOVER YOU CAN NEVER MAKE /SAVE THIS MONEY THERE IN short term. There is plus and minus in every system. TAke only PLUS. We only need to adopt ourselves Peacefully with available money. Just consider how your parents and grandparents would have managed and brought up you with this system and still you call as a Curse!! Time to see the better perspective :)
Love this channel for a reason. For people like us who don't have a financial background, examples are very much important. ETMoney channel brings us complicated information through examples and wonderful excel sheets so that we get an idea on where we stand. I have shared this video with many of my friends :) Thanks and keep it up team.
Please make a video on what to do with the retirement corpus since that is very important after building a corpus as well. More specifically it will be great if u can tell how to use SWPs after retirement. Great content as usual❤️. You deserve more subscribers for a financially independent india.👍
I retired at the age of 62 and never regretted it one second, the perfect moment not too early not too late ( 2 years before Covid ). And I have $300k saved for the rainy day
It’s so sad that so many people dont save or invest for retirement. It’s definitely possible for most but they just don’t do it. I guess it’s up to us to to keep teaching.
My investment and financial advisor Carine Steward helped me with retiring.... my first bitcoin investment with Carine gave me profits over $20,000 and ever since then she hasn’t failed to deliver and I can even say she’s the most sincere person I’ve known.
@@fawaz2996 Carine Steward is holding a very high prestige and reputation in personal financial management. I’m happy you mentioned her. My brother recommended her to me after investing 3grand and she really helped us in times of pandemic crisis. I’m close to my retirement and this has been and as well remain a good survival for me.
Very informative and practical. Thanks. Pl make a video for those people who saved enough, but didn't invested in instruments that give tangible monthly returns (instead they invested a LOT in real estate). This means, they saved money, but that money, and that asset class is appreciating, but they don't get returns. Asset rich and income poor :-) I see a lot of my friends did this.
@@BarkaDog faltu baat mat karo, Equity Investment ka knowledge abhi abhi hi aya hai Janta ko aur public is aware now for Investment. Old Generations sirf Debt instruments mai Investment karti thi aur us waqt usme mai hi itna zyada intrest Rate hota tha k badi Amount ban jaati thi in few years..but Now Debt pe intrest Rates decrease pe decrease karti jaa rahi hai aur Inflation pe bhi koi control nahi hai..
Sir, CZcams presentation is excellent. Can you clarify how Rs.10000/-,pm in a span of 10 years from 25 years to 35 years at monthly compounding, how the maturity value works out to 5.8 crores
Sure. Pls click on www.etmoney.com/tools-and-calculators/sip-calculator and change the values to 10,000 rupees per month and 25 years in time period. Keep the profile as aggressive. This would give you a corpus of 1.9 crores which is the corpus at the age of 50 years i.e. 25 (starting age) + 25 years of investing. Now take this 1.9 crores and compound it by 12% for another 10 years. So on Google, 1.9*(1.12)^10. This comes to 5.9 crores. Hope this helps
Thanks for the video. But it would have been helpful if you gave an example and input the values on video in excel calculator and calculate. Gives us more comfort when we try out the excel ourselves.
Good Boss But from my study NPS is very bad for portfolio if u r good in managing MF,stock etc. Instead of NPS u can contribute to Good stock which will give enormous compounding in 30 yrs than NPS
Hi. Thanks for the explanation. Small doubt - The annual expense at the age 61 is calculated as (expense at age 60)*12*inflation_factor with inflation factor being calculated as 1. It should have been (expense at age 60) *12*1.07% (assuming inflation at 7%). Please clarify.
Useful Calculator. Thanks for this. Two questions (1) Should we not look at bringing in the money accumulated in "Projections" sheet into the Monthly investment info in "Retirement readiness" tab? (2) EPF here is only Employee contribution to PF or we should input both employer+employee?
Many profession starts earning at the age of 40 like medicine ,etc Infact most educated professionals start earning at the age of 35-40....medicine ,architects, acedemicians in professional domains ,scientists , etc... Also most young age startups fail ....till the time startps becomes successful , the founders age is usually above 35
We should focus on producing quality work at our workplace and upskilling ourselves. This will add more value, meaning and satisfaction. Money will follow. . Humans cannot just retire and sit idle. We should stop worrying about retiring early...
Sir, again very nicely explained...you have made retirement planning a very simple exercise...excellent content and fantabulous calculator...Just one query here is the pre-retirement returns are 11% whereas the return for MF is considered as 10%..
Very informative.. just one point noted on the retirement calculator. I believe the amount under post retirement monthly expenses is actually the post retirement ANNUAL expenses..
You work for 40 years to have $1M in your retirement account. Meanwhile somebody put $10k in a meme coin 4 months ago and now they're a Multimillionaire
If you are still waiting for someone to tell you that investment is the wisest way of making money, you ain't serious about making money, am I right guys?
The knowledge of cryptocurrency and how it works does not get to everyone....knowledge builds ur confidence and helps you act. " People perish for lack of knowledge"
Great content as usual.. Desperately need a video on Mutual fund Exit Strategy.. May be Part 2 of the same video.. aligning to retirement planning. Usually people like me forget to track their investments. And then realise that they are in swamps. I am currently stuck with Nippon Tax Saver a worst performing ELSS fund.. 😭
How long you invested in the above mentioned fund? I believe Equity Mutual Funds mostly cover themselves up within the period of 7 years max. by 8th year, you can expect 8-9% of CAGR from the date of investment. This is a simple averaging strategy, works almost everytime.
@@karanespanol011 I want to have a decent home, a suitable car and enough corpus that makes atleast 1 lacs per month (everage on long term basis) till the time I turn 40.
@@roshanchhetri8847 Any plans that what you would do after early retirement because after retirement life is very boring unless you have some serious medical condition or planning to do something else
@@god9761 I'm fit and healthy by God's grace. I have been away from my family for quite long time (as I stay abroad for job). So the plan is to live with them. I have 4 yo son, who will be 9-10 when I turn 40. Build a home in the mountains and live a simple life, close to nature :) Sounds interesting ?
Wru now? Settling in India??how did u decide on this considering Indian economy not changing much if u take away inflation from growth in the last 10 years..
Very practical channel 👍. One small question on FIRE( financial independence retire early), wat is the overall amount required for full independence , if current expense is 80k rs.is there any calculation?
I have started an SIP in SBI Retirement Benefit Fund Aggressive Growth Plan for building a good corpus for retirement....My investment time horizon is 19/20 years...How is this Fund ?? Could you please give your valuable insight into it ??
I completely agree and respect to whatever you said, but compounding word/name truly not applicable to Mutual Funds because there is no guarantee on returns year on year. Here we should just assume only that numbers (12% return) will help us on the long run.
Good Evening Sankar, I came across this video must say was u have explained in the simplest of the way, would like to take the services of ET Money for the same...can someone from your team get in touch....Vikas
Good morning Vikas Arya. Presently, we don't have a physical (F2F or tele) financial planning service. We offer some excellent tools on our app to help DIY investors track, manage and grow their monies well.
Stock market (equity) does not give compounding of money, not sure if the calculations of A and B are practical in nature? Also, I believe only FDs offered by the bank can be used to take advantage of compounding, but since their return % is less around 6-7%, the difference at the end for A and B would be less than shown here? Thank you
Best retirement options are ELSS funds, PPF and EPF. Just don't think of withdrawing the money for atleast 20 years. Rest Equity Mutual funds and Direct Stock investment is good for short-medium term investment. 75-25 proportion for age under 30 65-35 for age 30-40 60-40 for 40-60 30-70 for 60+ age.
Well explained sir however I am just confused about how investing for 15 year create more then 25 years as I thought compounding should be the same for both situations.
The early bird's money stayed invested for 60-25=35 years and the later one for only 25 years.. And that's where the difference arises.. Time is money.. More money..
Hi @ET Money, In your Excel Calculator, the column name is "Post Retirement Monthly Expenses", whereas the calculation comes for Yearly expenses, I guess the column name needs to change to "Post Retirement Yearly Expenses"
Hi, good observation. I was about to point to this. Also, The annual expense in this column at the age 61 is calculated as (expense at age 60)*12*inflation_factor with inflation factor being calculated as 1. It should have been (expense at age 60) *12*1.07% (assuming inflation at 7%). Please clarify.
You have not considered Rental income in your retirement planning, people have mix of FD, Equity and rental income plan while thinking retirement will you help elaborate in how to consider rental income while doing retirement planning?
What's the minimum I should invest in ELSS for tax breaks? Some say you should invest 1.5L... others say deduct the EPF taken from your paycheck from the 1.5L and then invest the rest. What's ETMONEY answer here? Please help 🙏
Hello Shankar/ ET Money Team, Congratulations on creating such beautiful content. Also, thanks a lot for the retirement calculator. It is awesome. But, I think you have a glitch. On Colum N, you used IF(($D$10-$D$9)>$B23,(G23*12*(1+G$16)),0) where 1+G$16 this thing gave it a flavor of CAGR as if the entire money will be invested at one go. Should we not use FV to take periodicity into account? Thanks, Avi
Excellent well researched video. Thanks! There seems to be formula error in populating post-Retirement Corpus in Column K in my case. Post retirement corpus does not come up from Projections sheet.
@ETMONEY I did not expect the mistake you guys made while preparing this xls sheet. It would be nice if you correct it and reupload. What is the error? - For any year you have added all the the contribution and then multiplied by interest rate to calculate interest, which is complete wrong. Is not it like RD/SIP? EPF and PPF interest gets calculated on montly balance
You mentioned that out of the corpus we need to only spend 4% so that it remains till 33 years but where to keep that corpus, can you guide me on that.
Hi, there seems to be an error in calculation in "Post Retirement Monthly Expenses" in sheet 1. I am seeing an inflation grow from 1LK today to 43LK in 23 years. I think you are multiplying it with "12", which makes it a yearly expense not monthly.
Buddy, is the NPS tier 2 worth adding to my MF portifolio, like an expense ratio less system like index. There aren't much financial advisors whom you could trust, so... Cheers
It allows 50,000 extra tax free money. So, it is always good. Only issue with NPS is the lock-in period. You can't withdraw the money till the time of retirement. Even at retirement, you can withdraw 60% lumpsum and rest you need to invest at a Pension fund. There are some financial advisors to whom you may trust, but they will be expensive :P Beter to learn to manage your money by your own. If needed, ask some of your friends who too do it, still make the decision after your own consideration.
As always, excellent information. Will it be possible to create some videos /series for NRI investors? Unfortunately very few information is available on CZcams.
In the example calculation, it seems the rate of expected returns on this is assumed to be really high at somewhere between 14-15% CAGR. Which is an aggressive assumption.
should you link our mutual fund to retirement goal ? and if the retirement goal is more than 25-30 years which category of fund should we choose to achieve our goal?
Because over longer periods they can't be reliable. Yesterday I checked SBI Flexi cap over the last decade, index fund beats it. But still you can take risk and have a good multi cap fund in your portfolio.
Yes u can link Equity as well as debt MF or any other debt product for ur retirement goal n invest according 2 d asset allocation u r comfortable with...
Can anyone explain to me how the power of compounding works in direct Equity or Equity Mutual Funds? My understanding is, there is a stock value or NAV whose value might grow based on company performance and/or situation? It can be fast or slow it depends. But how compounding is calculated for equity or MF case? PS: I know the general formula of the compound interest.
Its 4 month now. I have started my NPS. I don't get how interest and Amount is calculated. Because after every installment. They total amount runs around the principal only. With Inc or Dec rate of interest
I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.
Tip; I’m a new investor as well and I use a broker Joanna Maliva Lee, she’s been guiding me with my investment since I began Late March and I’ve been able to accrue a profit of $526,000 with a principal of $85,000
@@christopherkraft5553 I think i may have actually come across Joanna somewhere talking about the stock market and she spoke so brilliantly, please how do i get to reach her?
@@christopherkraft5553 hey thanks for sharing, I just looked her up found her website and left a message, hope she replies soon. I really want to make some profit of this.
Hello sir..I am planning for good and ideal investment plan for my kids.. starting early so that we can have accumulate enough corpus for both of my kids.. can you please make video for same.. with low risk protecting my captial
For you to have a passive income base in trading I advise you need the true guidance and management of your investment by an expert trader. Speak with Madam Brittney Adams directly she would help you with all you need to know to start making your weekly passive income. She is available on WhatsApp always on standby to attend to you.
Dear friends Please recommend me What are compounding based financial instruments available in india? Your recommendations will be helpful to me Thanks
@@DrSD-dk6qt I would advise you Invest in the most secure platform with Madam Brittney Adams. She comes highly recommended and those that have reached out have great testimonies even myself. She is available on WhatsApp always on standby to attend to you.
Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every purchase you make, you can't buy something else. Varied sources of income is wise and especially living within your means. Think about taxes and how you get your income. I made $92k combined net last year and paid no Federal taxes.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
@@brendazvandasara Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
@@stellaadams593 Sure, the Investment advisor that guides me is "CLAUDIA TRINIDAD RIVAS" and she's renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
@@brendazvandasara There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...
@@gowonjake Claudia really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Very underrated channel. This is ocean of knowledge 👍
There is no doubt in it👍
Agree
Doesn't matter how much you research on such things yourselves... ET money channel will always provide with something extra every single time.. Have been hooked to such videos
I made it a mission to watch all your videos when ever I get time during the weekends. Thank you for the awesome Info you happily share
Hello Mr. Nath , no way would I want you to retire early . I believe you are the best and the greatest Financial Guru . Need your valuable knowledge for our benefit.
Regards from Mumbai
Thank you for your kind appreciation.
You always chooses the most appropriate and contemporary topics. The way you explain the details is also brilliant. Keep up the good work, your channel deserves huge number of subscribers.
Thank you
A wonderful session on retirement planning.
Thanks for your kind appreciation. Glad you found it useful
There seems to be a typo error in 3:05, in the example. The Total no. Of years quote has an error
After making 1 crore before 35 years of age I realized . Its a curse to be born in India's system, u earn money , pay 31.2% direct taxes which goes to reservation, minority appeasement, I need to buy own health insurance which has terms n conditions because govt doesn't care. Plan for children's education, plan for retirement. All burden on you and when one virus comes govt can't even provide you one oxygen cylinder. All developed countries takes care of their tax payers and in India it's opposite. I am not criticising a country but a system built here.
Couldn't agree more. In india ita kinda assume that our taxes are for the upliftment of the poor. However, our taxes should be used to provide us basic facilities.
The system twerked the definition of the taxes with in the democratic frame.
All the tax payer money is going in welfare programme.People should procreate no of children which they can feed.As of now government providing ration from last year which cost excheqeur 5 lakhs crores which is taken from taxpayer.No focus on infrastructure only on welfare programme either bjp or congress in power.
You should be fortunate and blessed to make 1C before 35 and just think how many people are able to make this money in this short term? Many takes 50s,60s to get this corpus. I partially agree with your views. Main thing to notice is you can plan your entire life till last with this amount considering cost of living in India..whereas this amount will never be sufficient if you live in foreign countries and MOREOVER YOU CAN NEVER MAKE /SAVE THIS MONEY THERE IN short term. There is plus and minus in every system. TAke only PLUS. We only need to adopt ourselves Peacefully with available money.
Just consider how your parents and grandparents would have managed and brought up you with this system and still you call as a Curse!! Time to see the better perspective :)
@@MINATOYELLOWFLSH2005 à
AA
Hi.Appreciate the effort.Can you also brief more on expense calculation for retirement as expenses at retirement will not be same as now
Love this channel for a reason. For people like us who don't have a financial background, examples are very much important. ETMoney channel brings us complicated information through examples and wonderful excel sheets so that we get an idea on where we stand. I have shared this video with many of my friends :) Thanks and keep it up team.
Please make a video on what to do with the retirement corpus since that is very important after building a corpus as well. More specifically it will be great if u can tell how to use SWPs after retirement. Great content as usual❤️. You deserve more subscribers for a financially independent india.👍
I’m 60 and I’m planning on retiring but I haven’t saved up much for this yet
I’m scared of retiring now, I feel I might regret it later
I retired at the age of 62 and never regretted it one second, the perfect moment not too early not too late ( 2 years before Covid ). And I have $300k saved for the rainy day
It’s so sad that so many people dont save or invest for retirement. It’s definitely possible for most but they just don’t do it. I guess it’s up to us to to keep teaching.
My investment and financial advisor Carine Steward helped me with retiring.... my first bitcoin investment with Carine gave me profits over $20,000 and ever since then she hasn’t failed to deliver and I can even say she’s the most sincere person I’ve known.
@@fawaz2996 Carine Steward is holding a very high prestige and reputation in personal financial management. I’m happy you mentioned her. My brother recommended her to me after investing 3grand and she really helped us in times of pandemic crisis. I’m close to my retirement and this has been and as well remain a good survival for me.
I think there is a mistake in the calculator. The column " Post retirement Monthly expenses " is actually "post retirement annual expences"
Very informative and practical. Thanks.
Pl make a video for those people who saved enough, but didn't invested in instruments that give tangible monthly returns (instead they invested a LOT in real estate). This means, they saved money, but that money, and that asset class is appreciating, but they don't get returns. Asset rich and income poor :-) I see a lot of my friends did this.
Very well explained session. Appreciate it.
You are welcome! Thanks for the appreciation
In today's era, you can't retire.
You have to work till you die.
# Truth
Not possible we all know that it’s becuz we don’t plan for our money to work for us when we can’t work.
Most youngsters nowadays don't know how to save and invest and then complain about work.
@@BarkaDog faltu baat mat karo, Equity Investment ka knowledge abhi abhi hi aya hai Janta ko aur public is aware now for Investment.
Old Generations sirf Debt instruments mai Investment karti thi aur us waqt usme mai hi itna zyada intrest Rate hota tha k badi Amount ban jaati thi in few years..but Now Debt pe intrest Rates decrease pe decrease karti jaa rahi hai aur Inflation pe bhi koi control nahi hai..
Your point is good but in financial world retirement is financially free before your sixty. So you don't work at least for your survival
Today second video on this channel.. and simply WOW 👌👌👌
Thank you so much 😀 .. watch more esp. the Socratic Way of Investing video
Sir,
CZcams presentation is excellent. Can you clarify how Rs.10000/-,pm in a span of 10 years from 25 years to 35 years at monthly compounding, how the maturity value works out to 5.8 crores
Sure. Pls click on www.etmoney.com/tools-and-calculators/sip-calculator and change the values to 10,000 rupees per month and 25 years in time period. Keep the profile as aggressive. This would give you a corpus of 1.9 crores which is the corpus at the age of 50 years i.e. 25 (starting age) + 25 years of investing.
Now take this 1.9 crores and compound it by 12% for another 10 years. So on Google, 1.9*(1.12)^10. This comes to 5.9 crores. Hope this helps
Can you pls explain what do you mean by Pre-Retirement Returns & Post-Retirement Returns ?
Thanks for the video. But it would have been helpful if you gave an example and input the values on video in excel calculator and calculate. Gives us more comfort when we try out the excel ourselves.
My HDFC Fund On NPS Will Take Care My Retirement. Fingers Crossed 🤞
Then you are living in dream
NPS is really dangerousb and useless scheme.U will lock for lyftym and u don't have control on your equity and debt,similar like ULIP.
@@rahulsawant2376 Exactly it is only good for tax saving
You couldn’t be more wrong 😑
Good Boss
But from my study NPS is very bad for portfolio if u r good in managing MF,stock etc.
Instead of NPS u can contribute to Good stock which will give enormous compounding in 30 yrs than NPS
Hi. Thanks for the explanation.
Small doubt - The annual expense at the age 61 is calculated as (expense at age 60)*12*inflation_factor with inflation factor being calculated as 1. It should have been (expense at age 60) *12*1.07% (assuming inflation at 7%).
Please clarify.
I learned the value of investment from etmoney lectures.
awsome way in which this video is structured
Thanks
Useful Calculator. Thanks for this. Two questions (1) Should we not look at bringing in the money accumulated in "Projections" sheet into the Monthly investment info in "Retirement readiness" tab? (2) EPF here is only Employee contribution to PF or we should input both employer+employee?
How to choose long-term equity funds for 10-15 years investment, without rebalancing the funds in portfolio?
Many profession starts earning at the age of 40 like medicine ,etc
Infact most educated professionals start earning at the age of 35-40....medicine ,architects, acedemicians in professional domains ,scientists , etc...
Also most young age startups fail ....till the time startps becomes successful , the founders age is usually above 35
We should focus on producing quality work at our workplace and upskilling ourselves. This will add more value, meaning and satisfaction. Money will follow. . Humans cannot just retire and sit idle. We should stop worrying about retiring early...
Skill upgradation is the key here I.e., 2 update oneself with the changing dynamics of d job market...
Sir, again very nicely explained...you have made retirement planning a very simple exercise...excellent content and fantabulous calculator...Just one query here is the pre-retirement returns are 11% whereas the return for MF is considered as 10%..
Thank you
MF return should be 10% or 11%?
Nath sir, tou are just ossum💐💐💐
Excellent video sir...
Very informative.. just one point noted on the retirement calculator. I believe the amount under post retirement monthly expenses is actually the post retirement ANNUAL expenses..
Nicely done video..Thanks a ton
Glad you liked it. Thanks for the appreciation
You work for 40 years to have $1M in your retirement account.
Meanwhile somebody put $10k in a meme coin 4 months ago and now they're a Multimillionaire
Bitcoin is the beginning of something great, a currency without a government, something neccessary and imperative
If you are still waiting for someone to tell you that investment is the wisest way of making money, you ain't serious about making money, am I right guys?
@@jefferywilliam5453 you're absolutely right
@@jefferywilliam5453 you're right
The knowledge of cryptocurrency and how it works does not get to everyone....knowledge builds ur confidence and helps you act. " People perish for lack of knowledge"
Great content as usual.. Desperately need a video on Mutual fund Exit Strategy..
May be Part 2 of the same video.. aligning to retirement planning. Usually people like me forget to track their investments. And then realise that they are in swamps.
I am currently stuck with Nippon Tax Saver a worst performing ELSS fund.. 😭
keep SIP running. Averaging will minimize the gap and give an edge to returns in long term
How long you invested in the above mentioned fund? I believe Equity Mutual Funds mostly cover themselves up within the period of 7 years max. by 8th year, you can expect 8-9% of CAGR from the date of investment. This is a simple averaging strategy, works almost everytime.
@@amanjain9110 exited from it.. it was real and quite painful..
I'm planing to retire at 40 and I'm pretty much on track. I'm 35 now.
Awesome! How much corpus are you expecting at 40? And how do you plan to get regular income put of it after 40?
@@karanespanol011 I want to have a decent home, a suitable car and enough corpus that makes atleast 1 lacs per month (everage on long term basis) till the time I turn 40.
@@roshanchhetri8847 Any plans that what you would do after early retirement because after retirement life is very boring unless you have some serious medical condition or planning to do something else
@@god9761 I'm fit and healthy by God's grace. I have been away from my family for quite long time (as I stay abroad for job). So the plan is to live with them. I have 4 yo son, who will be 9-10 when I turn 40. Build a home in the mountains and live a simple life, close to nature :) Sounds interesting ?
Wru now? Settling in India??how did u decide on this considering Indian economy not changing much if u take away inflation from growth in the last 10 years..
Very practical channel 👍. One small question on FIRE( financial independence retire early), wat is the overall amount required for full independence , if current expense is 80k rs.is there any calculation?
Thank you so much dear😊
Most welcome
I have started an SIP in SBI Retirement Benefit Fund Aggressive Growth Plan for building a good corpus for retirement....My investment time horizon is 19/20 years...How is this Fund ?? Could you please give your valuable insight into it ??
Excellent presentation and insightful. The another advantage is that it gives a tool (excel file) to plan. Thanks..
I completely agree and respect to whatever you said, but compounding word/name truly not applicable to Mutual Funds because there is no guarantee on returns year on year. Here we should just assume only that numbers (12% return) will help us on the long run.
Great presentation!
Glad you liked it!
Thank you for the detailed info
Good Evening Sankar, I came across this video must say was u have explained in the simplest of the way, would like to take the services of ET Money for the same...can someone from your team get in touch....Vikas
Good morning Vikas Arya. Presently, we don't have a physical (F2F or tele) financial planning service. We offer some excellent tools on our app to help DIY investors track, manage and grow their monies well.
@@ETMONEY Thanks for ur response…!!
excellent explanation ..
Thanks
I didnt understand how in the second example, A earns 4.8 cr from 15 yrs of investment vs B who invests for 25 years and gets only 1.8 cr.
Stock market (equity) does not give compounding of money, not sure if the calculations of A and B are practical in nature?
Also, I believe only FDs offered by the bank can be used to take advantage of compounding, but since their return % is less around 6-7%, the difference at the end for A and B would be less than shown here?
Thank you
Just started
pls make a video on how to invest One crore from property shares for an ancestor in the best MF index stocks debit funds
Does the retirement calculator consider taxes adjusted returns?
you did not consider the current corpus in the first sheet
Namaste
We can consider National Pension Scheme
Best retirement options are ELSS funds, PPF and EPF.
Just don't think of withdrawing the money for atleast 20 years.
Rest Equity Mutual funds and Direct Stock investment is good for short-medium term investment.
75-25 proportion for age under 30
65-35 for age 30-40
60-40 for 40-60
30-70 for 60+ age.
Well explained sir however I am just confused about how investing for 15 year create more then 25 years as I thought compounding should be the same for both situations.
Because he didn't take out money after 15 years. It remained there in market till 60.
The early bird's money stayed invested for 60-25=35 years and the later one for only 25 years.. And that's where the difference arises.. Time is money.. More money..
Wonderful video
Thanks
Thank you. 🙏
Very nice sir.
Thanks
Thank you,I think the presentation is very useful and plan my retirement in a planned way.
It's a treat listening you. Thanks for detailed information.
Hi @ET Money,
In your Excel Calculator, the column name is "Post Retirement Monthly Expenses", whereas the calculation comes for Yearly expenses, I guess the column name needs to change to "Post Retirement Yearly Expenses"
Hi, good observation. I was about to point to this. Also, The annual expense in this column at the age 61 is calculated as (expense at age 60)*12*inflation_factor with inflation factor being calculated as 1. It should have been (expense at age 60) *12*1.07% (assuming inflation at 7%).
Please clarify.
You have not considered Rental income in your retirement planning, people have mix of FD, Equity and rental income plan while thinking retirement will you help elaborate in how to consider rental income while doing retirement planning?
Wow video of This Guy
Superb
Thanks 🤗
One of the best videos on retirement planning. Thanks.
What's the minimum I should invest in ELSS for tax breaks? Some say you should invest 1.5L... others say deduct the EPF taken from your paycheck from the 1.5L and then invest the rest. What's ETMONEY answer here? Please help 🙏
Hello Shankar/ ET Money Team, Congratulations on creating such beautiful content. Also, thanks a lot for the retirement calculator. It is awesome. But, I think you have a glitch. On Colum N, you used IF(($D$10-$D$9)>$B23,(G23*12*(1+G$16)),0) where 1+G$16 this thing gave it a flavor of CAGR as if the entire money will be invested at one go. Should we not use FV to take periodicity into account? Thanks, Avi
Sir I have 10 lakhs I am 52yrs where to invest to get swp and how much I can get monthly my capital must also grow reasonably please tell me sir
Sir is hindi version also available
Excellent well researched video. Thanks! There seems to be formula error in populating post-Retirement Corpus in Column K in my case. Post retirement corpus does not come up from Projections sheet.
@ETMONEY I did not expect the mistake you guys made while preparing this xls sheet. It would be nice if you correct it and reupload. What is the error? - For any year you have added all the the contribution and then multiplied by interest rate to calculate interest, which is complete wrong. Is not it like RD/SIP? EPF and PPF interest gets calculated on montly balance
You mentioned that out of the corpus we need to only spend 4% so that it remains till 33 years but where to keep that corpus, can you guide me on that.
Sir we can give you 12% pa
Balanced fund and fixed deposit
Hi, there seems to be an error in calculation in "Post Retirement Monthly Expenses" in sheet 1. I am seeing an inflation grow from 1LK today to 43LK in 23 years. I think you are multiplying it with "12", which makes it a yearly expense not monthly.
i think this needs rectification. Hope ET money clarifies this part of "Post Retirement Monthly Expenses"
very motivational video sir
Buddy, is the NPS tier 2 worth adding to my MF portifolio, like an expense ratio less system like index.
There aren't much financial advisors whom you could trust, so...
Cheers
It allows 50,000 extra tax free money. So, it is always good. Only issue with NPS is the lock-in period. You can't withdraw the money till the time of retirement. Even at retirement, you can withdraw 60% lumpsum and rest you need to invest at a Pension fund.
There are some financial advisors to whom you may trust, but they will be expensive :P
Beter to learn to manage your money by your own. If needed, ask some of your friends who too do it, still make the decision after your own consideration.
@@amanjain9110 you're diamond mate
@@theawkwardcurrypot9556 yes but the tax deduction of 50k is only available for tier 1 account and not tier 2
@@sakshiwadhwani8565 thank you sakshi
Appreciate ur and ur teams efforts 😊
The years of investing is mentioned incorrectly for both, A should be 35 years and B should be 25 years
As always, excellent information.
Will it be possible to create some videos /series for NRI investors? Unfortunately very few information is available on CZcams.
very informative.
What is your fee.
Big thank you... Et money 👍👍
Great information. Thanks ETmoney
Sir..... Thank you for your valuable information.
In the example calculation, it seems the rate of expected returns on this is assumed to be really high at somewhere between 14-15% CAGR. Which is an aggressive assumption.
the video did say 12% at 3:19 .. you should change ur name to "Listen More"
@@vinayprasad34 in that case get a calculator and check yourself the estimated corpus is incorrect
Really underrated channel... you are really going in detail...
Super
This video was a big eye opener
should you link our mutual fund to retirement goal ? and if the retirement goal is more than 25-30 years which category of fund should we choose to achieve our goal?
Index fund, or NPS.
@@rohanshinde4327 why not an active mutual fund?
Because over longer periods they can't be reliable.
Yesterday I checked SBI Flexi cap over the last decade, index fund beats it.
But still you can take risk and have a good multi cap fund in your portfolio.
Yes u can link Equity as well as debt MF or any other debt product for ur retirement goal n invest according 2 d asset allocation u r comfortable with...
Sir Can you please help me. I'm confused between NPS vs Mutual funds Sip for Retirement corpus
For assist ance Dm ÷ 1 8 1 8 5 3 3 9 6 4 2.
There is a mistake in Years of investing, for A it would be 35 years while for B 25 Years if you can correct or put it into the description.
Can anyone explain to me how the power of compounding works in direct Equity or Equity Mutual Funds?
My understanding is, there is a stock value or NAV whose value might grow based on company performance and/or situation? It can be fast or slow it depends. But how compounding is calculated for equity or MF case?
PS: I know the general formula of the compound interest.
Your understanding is correct.
There's no compounding, only value appreciation.
Its 4 month now. I have started my NPS. I don't get how interest and Amount is calculated. Because after every installment. They total amount runs around the principal only. With Inc or Dec rate of interest
I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.
Just seek professional help from a mentor or a financial adviser.
Tip; I’m a new investor as well and I use a broker Joanna Maliva Lee, she’s been guiding me with my investment since I began Late March and I’ve been able to accrue a profit of $526,000 with a principal of $85,000
@@christopherkraft5553 I think i may have actually come across Joanna somewhere talking about the stock market and she spoke so brilliantly, please how do i get to reach her?
@@lilliankelly5630 Google search her name ‘Joanna Maliva Lee’ she is quite known for her works.
@@christopherkraft5553 hey thanks for sharing, I just looked her up found her website and left a message, hope she replies soon. I really want to make some profit of this.
Is there any swp option in etmoney app
No
Hello sir..I am planning for good and ideal investment plan for my kids.. starting early so that we can have accumulate enough corpus for both of my kids.. can you please make video for same.. with low risk protecting my captial
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+ 1 8 1 8 5 3 3 9 6 4 2
Can you please make a video on where to invest lump sum money say 1 lac which is received as a bonus
Is it good to invest in NFO of aditya birla sunlife multi cap fund ?
Do i like chocolates sister?
Dear friends
Please recommend me
What are compounding based financial instruments available in india?
Your recommendations will be helpful to me
Thanks
FD, RD, NSC, KVP, PPF etc
@Coin Bureau thank you for your reply. Sorry ur phone number is unusual for me.
@@gaurav4131 thanks for ur reply
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Sir don't you think 85 years is too long to expect?? Considering the current situation...
Anyways, nice piece of information
@@mohammadaamirshaikh9272
First you try to understand my comments
Keep it high, u might need emergency funds. Hope not.
Thanks for valuable knowledge 👍👍