Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
I am 38 working, in a college, and my wife (33) is a school teacher. We have a six-month-old daughter. I live in Madurai and my parents live in our ancestral village. I have sold all my savings to close my business loan. My wife’s salary may increase by ₹10,000 in her new school job. Do let me know how to invest for future goals.
Prakash
Commodity trading is not everybody’s cup of tea
Be careful in future while doing spices business. Although you have lost all your savings, you can still meet all your goals. To reach your targets, you need to invest monthly a sum of ₹ 32,900. Your wife’s earnings from the new school will be helpful.
Based on your current expenses, you need ₹1.64 crore at 58, at the time of retirement. The investment should earn 1 per cent over and above the inflation to support you till you turn 85. Your EPF accumulation will be ₹58.2 lakh if you continue to receive 8.5 per cent interest for your contribution. You will face a shortfall of ₹1.04 crore. To meet the target you need to invest monthly a sum of ₹12,200. Earmark the existing SIP investment as emergency fund.
As your daughter grows, expense may increase, it can be met from your future earnings.
The writer is an investment advisor and founder, myassetsconsolidation.com Send your queries to blinefp@gmail.com
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
Sensex and Nifty 50 saw selling interest on Friday and slumped; selling pressure could continue
Investors with a long-term horizon can consider this offer
Most AMCs have been sending out cryptic e-mails. We tell you how to read between the lines
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
Forget the tuna. The island nation will keep you full and happy with coconut, koftas and jasmine
This year, on Facebook, I saw that someone had posted a list of EASY RESOLUTIONS. I didn’t copy them down but ...
With strokes of quirky humour, Partha Pratim Deb uses pulp, terracotta, glass and discarded cloth to create ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor