CELEB FINANCIAL PLANNERS Global: My tour to LUCKNOW made me realize that the families or individuals who are affected of the financial turmoil are not societal strata dependent, all classes of people are equally effected of the dreadful problems of debt, credit card balances, bad track record in CIBIL, unable to manage and save, consumption much more than income leading to more credit being used on cards, loans being used to pay of cards.Investment being done with only tax planning as an objective without taking into consideration which plan, what return, what term, how beneficIal, long term and short term benefit..i mean no analysis before buying any investment, its only pure tax planning without thinking, the kind of money which one saves from tax planning loses much more than that in a bad invesment or a highly charged ULIP for that matter.
Mutual Funds OR ULIP's are all long term benefit plans , they should not be sought after 3 or 5 years, investment in stocks should also have a long term horizon, any stocks matured or sold off before 7 years may not give you the kind of return which you can actually realize.
Pls consult the best FINANCIAL PLANNER( financial doctor)
By Ajit panicker, Chief Financial Planner
http://www.cfpglobal.com/
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