Financial Planning: (Anup Pandey)

Why you think financial planning is important?

Financial Discipline:

Saving v/s Investment:

Research skills:

Index funds:

Power of compounding:

Types of mutual funds:

 Fixed income funds. ...

 Equity funds. ...
 Balanced funds. ...
 Index funds. ...
 Specialty funds. ...
 Fund-of-funds. ...
 Diversify by investment style.

Types of financial planning:

Cash flow planning:

Investment Planning:

Insurance Planning: Risk mitigation tool.

Retirement Planning:

Real Estate Planning:

Tax Planning:

Process of Financial Planning:

Setting financial goals:

Write your goals and be specific, set-up plan towards your financial goals, Analysis of your
current financial situation, identify your time specific goals.

Financial planning concepts:

Cash flow analysis (current status)

Risk Profiling

Emergency fund analysis

Protection planning

Investment planning for goals

Estate planning

Tax planning

Tax planning

Monitoring, Portfolio rebalancing and review

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