Financial Planning, Asset Allocation and Investment Decision Framework. Bharat Phatak. Emergency Needs. What if water runs out while taking a shower?. Medium Term Needs. What if Municipal Water Supply is not there for 3 days?. Long Term Needs. What will be the requirement 20 years from now?.
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What if water runs out while taking a shower?
What if Municipal Water Supply is not there for 3 days?
What will be the requirement 20 years from now?
Income low, Wealth low, Family Responsibilities High
Use TERM INSURANCE to bridge the gap, Prudent Borrowing
Income rising, Wealth low, Family Responsibilities High
Continue Insurance, Start Long Term Investments, Prudent Loans
Income High, Wealth High, Family Responsibilities low
Insurance less important, Wealth Building centre stage,
Use of Trusts to ring fence wealth from Liabilities
Income low, Wealth High, Family Responsibilities low
Withdraw for own expenses, Estate Planning important
DIVERSIFIED FOR WEALTH PRESERVATION
CONCENTRATED FOR WEALTH CREATION