Mr. Sandeep working in a private company, living in Jaipur and aged 40, having two children wants to start his own Clothing business in future. The liability of running the family is on Sandeep’s shoulder and he is the only earning member in the family. He has different financial short-term and long-term financial goals including accumulating a corpus for his later age of life for a peaceful retirement. Sandeep has been taking some high-interest debts also for funding his goal.
Sandeep has two twin sons aged 11 years. Rs. Sandeep is MBA and wants to do the job and wants to do some specialization course in marketing for improving her chances to get recruited by the MNC’s.
Sandeep has never saved enough money to fund the goals and has a deep interest in the Equity market and does most of his investment in equity but he is not a consistent investor in Equity. Due to need sometimes he needs to sell his equity in adverse times to use the money for other goals.
Sandeep is expected to receive some windfall from his employer as his performance has been outstanding for the year.
Question 1: As per You as a Financial Advisor what is most advisable to Sandeep for successful Financial Planning according to his goals?
