[ark_advisor]

Dear Dr. Harshad.

Thank you for your replies on the investment post.

With rising uncertainty it is very imprtant to start thinking of passive income creation at the start of the career.

Sure we can work out way to generate guaranteed income for everyone's family but the formula of the same may differ depending the age of the investor.

I look forward to meet most of you on June 12, 2016.

 

        

[ark_advisor]

Dear Dr. Harshad,

Increasing professional fees can be one way of beating inflation but you will also have to consider the growing competition in the profession.

There are other ways too of beating inflation by investing in assets which give returns higher than inflation rate without forcing you increase your professional fees to maintain your profits.

 

 

        

[ark_advisor]

Dear Dr. Harshad,

Very true, hence we suggest the investment portfolio considering the age, financial responsibilities and goals of investor.

 

        

[ark_advisor]

Hi,

I agree with Dr. Veerendra. Every self employed professional should allocate some portion of his income for financial goals like retirement, child's higher education, provision for buying house or commercial place for dispensary or even for upgrading equipments, etc.

Buy sufficient insurance (life, geneal and health) which will take care of financial needs :

Life & Health – Financial needs of family / dependents

General – For protecting your costly equipments

You don't need huge corpus to start with provided you start investing systematically at very young age….Power of Compounding and Law of Averaging Cost plays major role in building the corpus for any financial goal. To know more or for any assistance please feel free to contact.

Regards

Raj

8693800025

 

        

[ark_advisor]

Yes Sir, National Pension Scheme is good scheme for professionals and self-employed class.

You can save additionally upto 50000 per year (income deduction) over and above Rs.1.5 Lakhs u/s 80C and get pension from the age of 60 years by way of annuity.

 

 

        

[Author]

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