Interactive Session on Wealth Management

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Smart investments are so important in a world where costs keep going up! We understand that and hence we brought to you a special Interactive session on Wealth Management by team Cube, a wealth management app.

Some sample questions are:

1) What type of investments is good for saving for schools?

2) Should I start saving accounts for my baby?

3) Is it safe to invest in Crypto for my child's college fund?

4) How to grow savings for your and your child's future.

If you have any such questions, do come and attend this session:

Date: 4th June, 2018

Time: 2:00pm to 4:00pm

How to ask a question? Go to app, click on plus sign on the bottom part of the app, click on "ask a question" and post your question along with #AskCube. Do tag the expert in all your questions. Please ensure you use the hashtag to get your query answered.

If you are posting form website, then simply ask your question using #AskCube

#askcube #wealthmanagement


This will be so useful

Waiting for this session Louise @rahul

Rebecca Prakash Aishwarya Shukla Mahi Gajwani Bhavna Anadkat Sowmya Prithvi (sonu) Sania Bhushan Reeti Nd Ritu Singhal Amardeep Mann Sukhada Pujari Bhrukuti Mistry Mala Srinivas Neeta Shetty Komalbadal aradhana sharma Zainab Waheed Sonam Chawla Sonam patel Priti Singhania Neha Kapoor Gill varsha anand Sonal Swapnil Ashwini Sahare Priya Yadav Priyanka Mahesh Abhilasha Paul Aiswarya Balu Sneha Khandait Deshmukh Sirisha Bhalla tehsin khan Ruchi Chauhan Sunita Awadh Monisha Thampi Priyanka Batra Mital Solanki Radha priya Khushi Rizwani Nancy Singh Bulti Paul Putul Mukherjee Karishma Singh Vidhi Behl Reshma Nagrani Shilpa Sharma sharmistha priyadarshini Garima Singla Aartii Srivasttava Zuha Fathima Prachi Pandit Shilpi Vijay Vibhuti Kapoor; Jyoti Kalra

Hi Everyone, looking forward to hearing your questions today and learning what matters most to you when it comes to investing.

Hi all. As Louise says, we’re here until 4pm to answer your Qs about investing for you and your child/children.

Sunny Vij Syeda Lubna Bjal Patwa Maliha Rashid payal jain Sakshi Bagga Pranjali Mehta Kirandeep Kaur prarthana sharma Srilatha Nandan Shweta Gulati Madan Neha Singhal ambalika verma Dwinkle Chauhan jessy oberoi Ankita Mishra Pragati Gupta Swati khare I am pregnant Rashmi Ranjan Sonia Deshwal Nitika Chopra Pavneet Manchanda Bhagyashri Choudhary Charu Rathor Vidhi Raval Laxmi theegala Mansi Singhal Anjali Midha PEER SNOBER Hetal Chheda Komal Malani Lohiya Meghna Mehta Mamta Washist Anisha Agarwal Neha pandey

Mrs Chhoker Vidya Rathod Nilofer Shaikh Parul Johari Humera Mehtab Krutika Gor Aditi Adlakha Smitha Prabhav Anjali Midha Donna Aasiya Mirza Dwinkle Chauhan Kavita Bisht Shilpi Tewary Mohini Tanwar Balini Chekuri; priyanka sain Debolina Mukherjee Sonal Khandelwal AMRITA MALLIK Anuradha Vimal Smriti Munjal Akanchha Pandey Nidhi Rani Laxmi theegala Ekta Daniel Umm Ibrahim ramjaanali ansari Vidhi Raval Apoorva Bhandari Pavneet Manchanda Varsha Naik Prachi Sharma Nitika Chopra Kshipra marulkar Rashmi Ranjan Priyanka Singh

Abhilasha Jaiswal Geeta Verma Dhani Singh Takshveer Priya Gupta Jasveen Kaur anjali bhadoria Shadwali Singh Nidhi Rani Pavi Srinivasan Varsha Reddy

Hi Louise and Rahul Gaitonde ! Thnx much for taking out time to do this session with us! My childoo is turning 11 yrs old. I m keen on keeping some money aside for her (college or travel fund for later). Shud i open a PPF account for her or invest in an SIP? Which SIPs rock?

How do I know how much I need to set aside for my child's future? What is a good starting point?

Hi , thank you both for your time. I have a couple of questions.
1. For long term investment such as child education is property a good investment?
2. I am a bit risk averse and want to know the medium level risk options for investment. Also with long term horizon. Can look at fixed deposit (nonrisk but low returns) and mutual funds.

What is the best type of investment?? And how to choose from the various kinds of savings options available.; I mean what are the points to be considered while we plan to start ??

Hi to both my baby is five month old n we r planning to stay saprate from in law on rent qs my in laws don't give money to us I want to know how to safe money for future

Hi asha chaudhry - I love the idea of a travel fund ! I’d say saving via mutual funds is a better idea than PPF. The latter has a 15 year lock in (albeit with a partial withdrawal option in between) so it isn’t flexible, though interest and withdrawal are tax free. But if you have a reasonably long time frame (5 years or more) nothing beats equities (either via mutual funds or directly purchasing stocks, under advisory).

Priya hi. Saving for education (school or college or both) is a pretty good starting point. It makes for a good goal because you can estimate pretty accurately how much you need to save and when you’ll need it. You can then start thinking about how/what instruments to save in.

Thnx Rahul Gaitonde ! And what kind of instrument would u suggest for shorter travel goals (for us and her) to say do a trip abroad once in two years (need to do europe man!) :)

Also
What is the best way to manage a portfolio of mutual funds on your own. Diversify yes but how often should one churn?

My 13th week is running..but I have some pain in my stomach everyday .. please help me

My 13th week is running..but I have some pain in my stomach everyday .. please help me

In 7th month prengency ..right side slpg any promble occurd...inright side to me comfortable ... solution plz

Rahul Gaitonde n Louise first of all thank u for this session. This for all of us is a very imp topic. M currently in my 2nd trimester n wanna start saving side by side.
My question is that how do I start my investment for the baby n what are the options I have ??

Bharti Singh vaka yalamandareddyjyothi please ask your questions separately

Hi @Priya Sood, 1. Property gains are hard to predict. For instance the last decade or so has been great for property in Mumbai, but it's been flat the last couple of years. If your time horizon is five years+, equities - either via mutual funds or directly in stocks (under the right advisory of course) are your best bet. If it's sooner, you'd likely want something safer like a debt mutual fund.

Hi, which is the best mutual fund scheme to invest for 10 years?

Rahul Gaitonde; and Louise;
Hello sir and maam,
I want to ask that, what will be the good option for saving for my little kid for his future..

My daughter is three years old. What can be some really good saving options for her?

How good it is to to buy Tax free bonds from market and what % yield can be expected ?

Hi I want to start saving but I'm not going for job, then how can I save money pls give me some tips. I suffered lot in my childhood I wish my baby should not suffer like me. So pls give me tips. My husband is working hard for money but he is not allowing me to do job. So I decided to save money but how I don't ve bank account also

Also @Priya Sood, 2. Rule of thumb is the longer your time horizon the more risky your investments can be (as long as they are basically sounds ones :). You can find mutual funds for most risk level (including medium-risk). One simple way is to 'buy the market' via index funds, which look to mimic the returns of the Nifty or Sensex. You're right in that fixed deposits are low-return - they'll barely beat inflation.

#askcube
Hi Rahul
My baby is 4 months old..wanna ask:
1)What type of investments is good for saving for schools?
2) what kind of SIP is best suited for investment which can give you good results & for how many years? I want to start with 5000/- per month.

Hi, i am planning to invest 2.5 lacs, 50k each in 5 different mutual funds. Currently I've a SIP of 3000 in HDFC Balance Fund. Suggest me few Balance, Equity and ELSS funds to invest, I am ready to hold this for next 10 years.

Hi Rahul . Plz guide me about crypto currency. Is it a good idea to invest in it for my babies future

#AskCube Hi.. My lo will turn 1 year next month and we are shifting from India to Canada for good in another 6 months time. I have already started SIP in her name here. Wanted to understand 1. Should I continue saving in India?
2. Since, my partner will be looking for job, initially we may not be able to save. What can be done in such a situation. 3. Also, cost of education in India and Canada are different. What best can be done in such a situation?

Hi @Kavita Sahany. There's no 'best' type of investment. Two rules of thumb: (1) More return = more risk and (2) the longer your time horizon for investments, the riskier your investments can be (provided they are basically good investments). In general, start investing regularly - even if all you do is put your money in super-safe mutual funds. But start now and be regular. For that, follow this: 1. Take care of your monthly expenses. Fugure out how much you spend roughly monthly 2. Set aside 3-6 months of monthly expenses as an emergency fund 3. Figure out how much you will need for your goals for the year (vacations, insurance payments...) Set aside money for them 4. Whatever is left over - either now or a few months from now - invest worry-free. You have already taken care of your needs!

Hii Rahul and Louise. so glad to have you here.I m thinking to save something for; baby but I m not sure how and where to invest. I want it to for a long term so that whenever there's anything urgent he can use. Please help

Hi @Kritz - hope we can be of help (and congratulations!). It's great you're planning to put aside money for your baby right away. I find it's good to have a goal to save towards - it gives you something tangible to plan for. I'd recommend estimating how much you'll need for the baby's school (or college) and start saving for those. Since it's at least 4-5 years away, you can start with medium- to aggressive mutual funds. Property is too hard to estimate gains for, fixed deposits or even liquid funds are too safe for a medium-term goal.

@Neha Vij, I can't recommend specific mutual funds here, but here's a good rule of thumb: the longer the time hoizon the riskier your investments can be. 10 years is pretty long-term, so you should avoid being super-safe! Cube's mutual funds advisory partner does have specific recommendations for different risk levels.

Hi Rahul.. my husband is a research fellow (pursuing PhD) while I am into full time job. We spend almost half of what we earn every month as household expenses. So I can look at investing about 30k every month
What kind of funds should I invest in for funding my daughter's higher education. She is 7 months old now.
Thank you

Hi @Ar. Aashima Kathpalia and Neha Mani Mishra - similoar Qs, so combining my answers. The best way to start saving is to have a goal. The most straightforward goal is your child's education - that way you know both how much you'll need and when. If your goal is over five years away, you should invest in high-quality medium- to aggressive-risk mutual funds or even direct stocks as long as you have the right advice. I can't recommend specific mutual funds here - but Cube's mutual fund advisory partner can - they're a qualified SEBI-registered investment advisory service. As your goal nears, move your funds to more conservative investment types such as safer debt mutual funds, liquid funds or even fixed deposits - but that's some way off!

ekta hi, we wouldn't recommend investing in crypto currency for your childs future at this stage. It is far too volitile and the regulations are changing very rapidly too.

Hi @Neha Vij - what's your objective to invest the 2.5L ? How you should invest will depend on what you need it for.

Hi Sonam Patel, I recommend doing 2 things.
1 - set up an emergency fund so that you always have 3-6 months of living expenses available at any time.
2 - once your emergency fund are set up, start a long term investment for your child that you can contribute to regularly e.g. Equity

Hi @Vrinda - congratulations on the baby! Saving for school education is my favourite goal - it's clear and time-bound. Could you please see my answer to Kritz and Neha Vij - it's pretty much exactly what I'd recommend for you.

#askcube #wealthmanagement Hi Rahul, My son will be 1 next month and we don't have any plans for him yet.. Me n husband have savings in ppf n land.. Can you suggest some good options for all of us?? And some knowledge about mutual funds too.

Hii Rahul Gaitonde; my son is 4 month old and I want to invest in SIP for his future.. suggest some good options for SIP

Hi BP thanks for your questions. I think its important to have the discussion with your husband and agree on the saving and investment strategy you want to undertake. You sound very motivated and disciplined to get started.

#Askcube Hi Louise and Rahul I was working before pregnancy but it demanded that I take rest after I conceived all of a sudden all burden is on my partner I feel very bad unable to have saved money & help him either, I am concerned as to how am I going to manage after the baby arrives it will put a lot of pressure on both of us, family is there for help but I want to be independent in financial matters. Please advise.

Hi @Satyam Sharma. All the best to your husband for his PhD. Also, it's pretty good you save 50% of your income. I'd recommend taking a look at my answer to Kavita Sahany's question above - it's exacrly what I'd advise you. In short: save for your and your child's goals first, and invest the surplus worry-free. Given that your goal is a long term one (higher education), you can afford to take risks. In general over the last two decades equities have far outperformed other asset classes. You can invest in them either via mutual funds or directly by buying stocks (both under the right advice).

Hi Khushi. Glad you're starting on your journey to becoming financially independent. First figure out how much money can you save every month after your monthly expenses. Start putting this money aside in a safe instrument like a liquid fund. Once you have a handle on this and have done this regularly, you can figure out a better long-term plan.

Ekta Daniel great that you are so conscious about your finances. The first thing is to control your expenses. Putting away even small amounts each month really helps too. Adjusting to 1 salary is difficult but doable. A liquid fund can be a good place to start too.

I want to start investment for my kiddo suggest some best schemes and inv options

Hi @Itismita. My approach is to first set a goal. Saving for a child's education (whether school or college or higher education) is a great one. @asha chaudhry above also had plans for a travel fund for her child :) Once you've figured out how much to save by when, you have a clear sense of how much to set aside every month (assuming that part of your husband's and your retirement corpus is in PPF and land, you can direct most of the surplus to your child's goals). A good rule of thumb is that the farther away an investment is, the most aggressive you can be (of course as long as the basic investment is sound). For a long-term goal such as for higher education, you can invest in high-quality high-risk mutual funds or even direct stocks. Cube's advisory partners can provide recommendations for both.

Hi @renu and @aradhana sharma - glad you guys are looking to start saving for your kids early! Do take a look at the answer I just wrote to @Itismita. Also the one to @Kavita Sahany.

My daughter is one years old. I want to save something for my baby but how and where to invest.. please suggest me

Hi my baby is nearly 8 month old.i m physiotherapist.we run our own clinic but there is no investment till now due to rent etc

i want to invest for my baby what can i do pls suggesf

Hello @Sonal Bhutada - all the best for the move! 1. In general you'll be able to get better returns in India than in Canada (it's a function of how fast the two economies are growing, relatively). 2. It's okay if you aren't able to save for the first few months - creating wealth is a long-term play :) 3. You're in luck! Once you change your status from Indian resident to NRI, you can set up an NRO account in which to receive your Indian investment income. That can be used to fund your lo's education when she's ready to attend school (or college!)

Hi @Dr. Jasdeep kaur. Doctor, could you take a look at the answer to @Itismita ? It's the one that best fits your question.

@Priya Sood to your Q about diversification and churn - at Cube we believe strongly in making sound investments (depending upon your investment horizon) and churning as little as possible, if at all! The true power of compounding is only revealed once you have a corpus that builds up, uninterrupted over time. This article is a great read:http://www.collaborativefund.com/blog/the-freakishly-strong-base/

OK, BabyChakra community. It's a little past 4pm. @Louise and I hope we've been able to answer most of your questions satisfactorily. Much love to your little ones and all the best for your savings and investments journies. Small Cube plug: we built Cube with the idea of making our own wealth creation simple. We believe in (a) providing access to great professional investment advice via our partners (b) making it simple to invest in disciplined manner and (c) taking advantage of the power of compounding. Register to sign up on Cube at www.bankoncube.com and we will be in touch soon!

Thank you Rahul Gaitonde and Louise for your time and for all the advice you have given to our moms

#askcube
I have my child's annaprasan in September and there will be lots of guests and I want to celebrate it nicely, can u suggest me any investment for 3months

@aradhana First set a goal. Saving for a child's education (whether school or college or higher education) is a great one. Once you've figured out how much to save by when, you have a clear sense of how much to set aside every month (assuming that part of your husband's and your retirement corpus is in PPF and land, you can direct most of the surplus to your child's goals). A good rule of thumb is that the farther away an investment is, the most aggressive you can be (of course as long as the basic investment is sound). For a long-term goal such as for higher education, you can invest in high-quality high-risk mutual funds or even direct stocks. Cube's advisory partners can provide recommendations for both.

@priya dubey My approach is to first set a goal. Saving for a child's education (whether school or college or higher education) is a great one. @asha chaudhry above also had plans for a travel fund for her child :) Once you've figured out how much to save by when, you have a clear sense of how much to set aside every month (assuming that part of your husband's and your retirement corpus is in PPF and land, you can direct most of the surplus to your child's goals). A good rule of thumb is that the farther away an investment is, the most aggressive you can be (of course as long as the basic investment is sound). For a long-term goal such as for higher education, you can invest in high-quality high-risk mutual funds or even direct stocks. Cube's advisory partners can provide recommendations for both.


Suggestions offered by doctors on BabyChakra are of advisory nature i.e., for educational and informational purposes only. Content posted on, created for, or compiled by BabyChakra is not intended or designed to replace your doctor's independent judgment about any symptom, condition, or the appropriateness or risks of a procedure or treatment for a given person.
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