A B C D OF INVESTMENT

"Be Fearful When Others are Greedy, Be Greedy When       Others Are Fearful"   - Warren Buffet       

A - Anticipate the Risk
B - Be wise
C - Choose the Best Suitable Product
D - Decide your Goal First
E - Estimate The Risk Involved
F - Fix Your Time Horizon
G - Gain Information
H - Have Patience
I  - Increase Your Life Cover
J - Just believe on your Planner
K - Keep a Track on Your Investments
L - Look on Other Opportunities too
M - Move towards better Performers
N - Not Believe on rumors
O - Objective is in mind
P - Prefer Long-Term
Q - Quick Decision not Recommended
R - Risk Free Investment Also Focused
S - Stick With Your Investment
T - Trust On Planner
U - Unique Plan should Be Adapted
V - Value Investing
X - Xtra Effort for Increasing Income
Y - You Should Teach Basics to Your Child Also
Z - Zoom on Retirement Planning

Ravi Prakash Keshari CFP
http://www.facebook.com/ravi.keshari
https://twitter.com/ravi2007
Varanasi

TERM LIFE INSURANCE.......THINK BIGGER PICTURE

This is my experience since i am started my financial advisory in 2006.
Every body remember that Era when so called ULIP's are on boom,the Agents made promise to clients that pay suppose 10,000 per year for 3 years and get your money double in 5 years or so.

One thing interesting in this is that,customers never ask about guarantee of that promise,or whether they surely going to get that amount after 5 years,they also not informed about what charges will be levied on this investment? and happy to take 5-10 times cover of premium without any big effort by agents.
I was too in the same business and had less knowledge at that time,so i too sold that type of product blindly,and people accepted it normally.
But very sadly,clients who is thinking for their money to be doubled after 5 years,ended up with hardly getting there capital back.

And after doing CFP,I had decided not to sell wrong products and my main focus on "Term Insurance" products.
I Presented few cheap and best plans to the same clients,now this time things were changed,those who had taken insurance from me without a single question,now asking a list of questions and after giving satisfactory answers,not ready to take term policy by saying :- "what is mine benefit when money will be received after my death?" I simply ask what is the meaning of the world "life insurance",this is for your loving family to support them in case any miss-happening occurs,even than they are not ready to pay little premium for bigger coverage.

So i just started thinking why this happens,i concluded that its a psychological thinking which makes us to decide what is good or bad,and people often believe what they see in front of them and fake promises which attracts him,no matter whether they are going to fulfilled or not,or what there friends or relative has taken.
But Dear Friends please understand this thing that every individual has different Life-Style,Family Condition,Debt Burdens,Responsibilities etc,so how can similar plans or cover can fruitful for all?
The Simplest and Smartest way to have an insurance is "Pure Term Policy",suitable for all,who is just started there career to an experienced person,cost little and benefits highest.
An average 25 year person can take 50 lac insurance in approx 5-6 thousand per year,which is good because he is not able to pay higher premium and he is covered with an handsome amount.
People often confused to decide how much insurance they need?.

There are several methods like Need Based,H.L.V. Module,Income Multiplier Module etc,but most easy and simple way is to multiply your annual income by 12-15 and get that amount as life insurance cover.Its Basis is that if anything wrong happen your family will be surviving at-least 12-15 years in the same standard of living in which you had done if you are available. 
suppose an individual earning 2,00,000 per year net income,than he may require to take cover of 25-30 lac rupees,for his family.
If any thing happen to him his family would be survive normally with that cover for next 12-15 years.
So it is advisable to everyone to have term plans in there pocket always,and live tension free.
Think different and Think Bigger...........

Thanks a Lot,
Ravi Prakash Keshari CFP
Varanasi.

Goal Setting For Financial Planning Process

The Most important thing in financial planning is Deciding the Dreams/Goals/Targets.

People mostly unable to decide what is their goals.A Financial Planner,interviews them and ask some specific questions based on their financial situations,so that he can decide the goals client wants to fulfill in their future.

It is a psychological concept to understand clients goals,based on his financial circumstances,family size,living standards,marriage conditions,future growth in job or business. 
Some Basic Goals of an individuals are Child Education,Buying House,Retirement Planning,Child Marriage,Foreign Travel etc.

So first target is to decide goals which clients wants to fulfill in future.Second thing to decide is priority of goals.It means which is most important or which is comes first for client perspective.
Once Goal is decided than Planner main works started to make such a suitable plan under his financial budget,so that client can achieve it in a specific time period.he has to take some assumptions like inflation levels,return on capital invested,growth in income etc.
These assumptions are taken on the overall economic conditions,life cycle,equity and debt market risk and returns,bank rates etc,so as to,it can be ethical and right.

So its an advice to all person to think about your finances as early as possible,so that you can achieve financial freedom in life and live your life as per your dreams and conditions.

Ravi Prakash Keshari CFP
Varanasi.

WHY YOU NEED FINANCIAL PLAN?

SUNSHINE INVESTMENT SOLUTION

   {A COMPLETE FINANCIAL PLANNING FIRM}    

RAVI PRAKASH KESHARI CFP,                                                                            CONTACT NO. – 0542-2390015

ADD- K 64/51, GOLADINANATH,                                                                          MOBILE- 9235620084, 8081083314

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We offer fee + commission based Financial Planning Services in Varanasi.

What Is Financial Planning -

Financial planning is an evolving plan that changes as you grow in your career path and move on in your life stages, it is a plan that needs to be reviewed as the circumstances changes for example getting married, buying a house and raising a family. As your life goals and financial status changes you will need to review your financial plans to see if you will achieve your financial goals within the given time line.

Why the Need of Financial Planning in Life -

 Planning your financial future is one of the most important things you can do in your life. Every successful aspect of your life requires planning, whether it is planning a weekend, or planning a year long, home improvement project. Personal financial planning could be the most important of all, because it can secure yours and your loved ones futures. Planning your financial future should not be taken lightly; there are many different aspects that should be examined. Your finances should be balanced, taking into account short-term goals as well as long.

The best part of personal financial planning is that your future will be more secure. You will no longer have to worry about having money for unforeseen expenses such as car accidents or emergency hospital visits. Putting a little extra money away in your budget can offer you peace of mind that you never had when living paycheck to paycheck.

Importance of Financial Planning -

As a Responsible Person you should not neglect the importance of financial planning. Sometimes people are turned off by the term “financial planning” as it is often associated with insurance or mutual fund agents trying to sell their products to you. Take a step back and you will understand why financial planning is important.

So better You Plan it today so Your Future is Secured and Well Defined.

Feel Free to Contact for Financial Planning Services.

RAVI PRAKASH KESHARI CFP

Mobile – 9235620084,8081083314

DIFFFERENT  STAGES IN LIFE WHEN WE NEED FINANCIAL PLAN =

RAVI PRAKASH KESHARI, CERTIFIED FINANCIAL PLANNER, VARANASI.

FIXED INCOME INSTRUMENTS ........A WAY TO BEING WEALTHY

DEAR FREINDS,
OFTEN WE PEOPLE THINK THAT BANK FDs,PPF,POSTAL DEPOSITS,MUTUAL FUND FMPs ARE NOT VERY ATTRACTIVE IN THE MEANS OF INTEREST.BUT IT IS NOT TRUE
WE CAN HAVE A VERY ATTRACTIVE AND RISKLESS AMOUNT BY SYSTEMEATIC INVESTMENT IN THESE INSTRUMENTS.
IF WE TAKE AN EXAMPLE -
if u invest 1000 per month in any of the above instrument and getting 10% p.a. interest
after 25 years it would become 1337890.35 rs., u invetsed only 3 lac in installmets.
SO AN INVESTOR MUST HAVE SOME PORTION OF HIS INVESTMENT IN ABOVE INSTRUMENTS

why to invest?

Hi Frineds,
We are Offering a platform for free advice on Financial Problems,Loans,EMI,Taxes,Financial Planning,Goal settings,etc.
We are Sunshine investment Soluitions,Varanasi, Which is treated as an "INVESTOR's CLINIC",and Mr. Ravi Prakash Keshari CFP as a Financial Doctor,who check ur financial symptoms and advice u on this.

ravi.keshari2007@gmail.comso feel free to join this blog in as much number as possible,becuase it is for your financial future.