I can manage somehow an amount of Rs. 1 lac for 80C investment.So 15% of this goes to Life Insurance(which I don't consider as investment) of self and rest I invest in ELSS.Since 2005 I'm investing in this manner and in present circumstances I can not do extra as savings/investments.Although,I'm seeking a better investment plans to achieve forthcoming goals such as education of two children (8 & 4 yrs),corpus building for retirement and I need own house.Assuming that I don't have any other support/money.At present I'm at 40 earning Rs.45000/month.
Its surprising to know that the columnist is highly ignorant of the financial planning industry. CFP is the relevant course for financial planning and not CFA. Contrary to whats written here, a CFP program recognised by the international body is very much available in India and is also recognised by the respective financial regulatory authorities. Suggest the author does some reading before deciding to write articles and mislead readers.
The first point is itself wrong. CFA is not a degree for financial planners but for Financial Analysts the kind who do equity research for Asset Management Firms. For financial planing there is an equivalent qualification called the CFP( Certified Financial Planner). This dude should get his own facts right before going onto advise others!!!!
RE:The point about qualifications is wrong!!
by jyoti mhatre on Jun 13, 2007 11:15 PM Permalink
... and this dude is a financial domain trainer. Imagine the kind of jerks he would be churning out!!!!
