INTELLECTUAL TRADING

How to retire at 45  A 32-year-old IT professional wants to retire early at the age of 45. Here is how he can plan for his retirement. Gokul, a dynamic 32-year-old project manager at a prestigious IT firm, has charted a clear course for his future: early retirement at 45. His vision extends beyond the confines of his corporate career, and wants to start his own blog.            At the heart of his plans is his family - his wife, who manages the household and their five-year-old son. As the sole breadwinner, Gokul brings home a monthly salary of Rs 1.2 lakh, which comfortably covers their monthly expenses of around Rs 80,000 and leaves enough room for life's little luxuries. But given his circumstances, can he afford to retire early? Let's find out.  His son's higher education Parents want to provide their children with the best education they can. And Gokul is no different. He wants to allocate Rs 15 lakh for his son's higher education. Howev...

You may have observed in limited over cricket that teams with strong batting line-up choose to bowl first after winning the toss. The reason is obvious; when you are batting second you know, exactly how much, you have to score to win the match. You can calculate your required run rate and decide the batting order accordingly. In other words, if you have a clear target, decision making becomes easy. In financial planning, if you have clear quantitative goals then planning process becomes simpler and much more effective. Let us understand how this works with the help of a simple example. Suppose you are saving to make the down payment for a house. Let us assume you want to make a down-payment of Rs 20 lakhs in 3 years. If you expect to get 10% p.a. return on investment, then you can calculate how much to save every month, so that you can meet your down-payment goal. All you have to do is use a simple Microsoft Excel formula, PMT. The PMT formula has 5 arguments in the order in which ...