Which is a better investment in property: Buying land or buying a residential house? This is a very broad question! Firstly investing in property "for investment purpose" should be considered diligently. Property growth as an asset class has been stagnant for the last 3 years especially in Bangalore.
Doesn't your doctor advise an annual medical check every year? Just to ensure things are fine, your heart still beats; and to rule out the onset of any dreaded disease. That is exactly what an annual goal review covers in your financial plan. Annual goal review is normally done once a year, where all the goals identified by the client and designed to accomplish by the financial planner, needs attention, and whether everything is on track for the BIG goals that are planned for.
http://www.myiris.com/financial/storyShownew.php?dir=2013/01/02/&fileR=20130102132753715 Source: IRIS (02 January 2013) Capital Asset: This is an Asset that is not easily sold in the regular course of business operations for cash. Examples include land, buildings, and machinery that cannot be quickly converted to cash.
http://www.myiris.com/financial/storyShow.php?fileR=20120615095218715&dir=2012/06/15 Source: IRIS (15-JUN-12) So, once you have met a client, created a financial plan and recommended asset classes and investment products commensurate with his/ her goals, executed the same, is that the end of the story, till his goal has been met? CERTAINLY NOT.
Would you like to distribute your financial and non financial assets to the person of your choice or just create trouble among the family members
Dilshad Billimoria Certified Financial Planner © Dilzer Consultants…
http://www.myiris.com/financial/storyShow.php?fileR=20120611130647715&dir=2012/06/11 Source:…
11 key attributes that define an effective financial advisor/ Dilshad…
Very often, we assume, retirement is too far away to bother about how we can sustain a lifestyle similar to our working years. However, not many realize that retirement as a goal is one of the most important and most difficult to conceptualize, because of its long duration to the start of goal achievement, lack of clarity on interest rates, returns, performance, sustainability and longevity of income required.
Below is the link of the article by Dilshad Billimoria on Fund…
One must realise the importance of asset allocation in portfolio management