Saturday, August 7, 2010

FINANCIAL PLANNING with villagers

CELEB FINANCIAL PLANNERS Global: On a recent visit to a village adjoining NOIDA, i found people there are better off than people in urban cities, in many ways and at the same time they are not upto a level where they can match the amenities and facilities which urbaners can access easily.
This is  in context to the management of their own personal finance, there has been a practice that whenver a big renowned builder comes to develop a project he buys the land from the authorities which is sold to them by the villagers, out of the settlement or compensation amount which the villagers receive, the amount being huge, there comes a rush of scavengers like insurance agents, property agents, mutusl fund agents and many bankers as well.
Now as the villagers have received a huge mount which they do not know where to put, the competition withing insurers, AMC's  start, and the one who manages to get the amount invested, in plans which usually do not give them which they could have easily received if it would have been planned by a dutiful Financial doctor( financial planner) , who understands where to get it invested with least risk and reasonably good amount of return.
An awareness need to be created about the importance of financial planning , investment planning, in each and every familiy of our societies.
AJIT PANICKER
Chief Financial Planner
Celeb Financial Planners Global
http://www.cfpglobal.com/

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