Retirement doesn’t come easy. The key to comfortable old age is appropriate planning and preparation. However, a new study depicts contradicting results – people do not squirrel away adequate amounts, and they realise this a little too late.
When Sachin Tendulkar and Rahul Dravid met for the first time - about 30 years ago - do you think they asked each other 'what is your batting average'? I doubt it. I doubt whether any batsman in the world worried about his batting average on a day to day basis.
There are some people who call me and ask me to review their portfolios. I no longer do that - I used to do it in the past. It is a thankless work with no reward for doing a good job. However here are some characteristics: Mostly these are inherited portfolios where the kid/ younger brother knows nothing about why a share was bought or sold.
"Success is a lousy teacher. It seduces smart people into thinking they cannot lose" - Bill Gates "It ain't what you don't know that gets you in trouble. It's what you know for sure that just ain't so" - Mark Twain
I have been speaking to market intermediaries as well as investors. Frankly whether it is a Colonel in the army, a DSP of police, a practicing surgeon in Lucknow - most of them are players in the market. The IFA is a player in the market.
There are some of the following questions for which I am not able to answer. In the sense that there are just too many answers, and what suits you is something that I am not able to find out. So here are the questions. What is MY ideal asset allocation?