Ramarao from Hyderabad

[Ramarao Panuganti]

Hi All, I think I updated my introduction in prior section. Anyways, let me re-introduce myself again 🙂

I’m 38 years old from Hyderabad, had been working in IT/ITES industry since 13 years and as per my financial planner, I cannot retire till 60 with my current financial status….and I wanted to have some help in reducing this to max retire by 50, I am fed up working in IT industry and no job satisfaction nor salary, compared to any other profession, say idli wala/Pani puri/chai/fastfood wala, who sells and earns multiple times than I earn and has no regrets not going to college or getting a degree or a job.

I started regretting wasting my time choosing IT industry and did not know about investing and wasting time in buying non performing assets/liabilities and now I have not much of time in hand though I have risk taking attitude, my financial planner says I don’t have that risk taking capacity and asked me to close my demat account for direct stock investments.

I did almost all of his action plans, except for exiting all my mutual fund investments(I started investing in direct mutual funds since a year back, prior to that 7 years back in regular funds).

My planner asked me to exit all my existing investments and move to his suggested portfolio, esp, without rationale. I did not get proper justification for exiting, except of his commands like “Your investments are risky”, “Your goal of owning a house is not achievable”, “You have to listen and follow my plan”, and “I cannot work with you on day to day basis”, “I can only plan give you action items and may review on yearly basis” which actually defeated the purpose of hiring a fee only SEBI RIA/financial planner.

I am slow in fact very slow in making decisions, and lose opportunities in the mean time. Hoopefully money master gives me decision support in financial matters, especially with knowledge sharing and discussion platform with like minded people around with a competent mentor like Vipin.

All the best all, let’s make this program a successful journey!

[Vipin Khandelwal]

Hi Ramarao

Understand your pain “of not loving what you do”. I am sure many can identify with it.

Hopefully, as the course progresses, you will see a new direction.

On Risk – it is indeed a dangerous word for the simple reason that no one knows about it. (pun intended).

🙂

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