Your Financial Plan

I am 40, employed in the Gulf. My wife lives in India. My daughter is five and son, three. I have constructed two houses in Chennai using all my savings.

My parents and parents-in-law live in these houses. I am planning to work in the Gulf till 53 and then retire. I am okay about investing in equity. Do let me know when I can reach my goals.


Time and again, investors are advised not to put all their eggs in one basket but the advice is often not heeded. You could have avoided putting ₹2 crore in the real estate market. Given that the job market in the Gulf is not all that stable, ending up with a liability of ₹40 lakh is not desirable.

If you work for the next 13 years, you can comfortably reach all your goals.

Since some of your goals are to be met after your retirement you need to accumulate the corpus early and it should be allowed to be invested till the goals are reached.

For instance, your daughter’s marriage is scheduled for 2037. To reach the target of ₹60 lakh in 20 years you need to invest ₹7,300 for the next 13 years; it will account for ₹27.2 lakh. If you stay invested for the next seven years at 12 per cent, you can reach the target. Follow the asset allocation of 60:30:10 in equity mutual fund, debt and gold.

During your next visit, buy term policy for ₹ 2.6 crore and buy health floater policy for ₹ 5 lakh each separately for your parents, wife and in-laws parents-in-law.

The writer is a SEBI registered investment advisor and founder, Send your queries to

c:set var="prUrl" value="" />

Read further by subscribing to

The Hindu Businessline

What You'll Get

  • Web + Mobile

    Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.

  • Exclusive portfolio stories and investment advice

    Gain exclusive market insights from the Hindu Businessline's research desk.

  • Ad free experience

    Experience cleaner site with zero ads and faster load times.

  • Personalised dashboard

    Customize your preference and get a personalized recommendation of stories based on your intrest.


This article is closed for comments.
Please Email the Editor