One of the flat owners in my building whom I meet most of the time while he is on strolling with his very very domesticated Labrador has retired as the GM for HP (read Hindustan Petroleum). Its very interesting to see how active retired personnel spend their days. He is starting afresh in a new domain, financial investments. Already certified to be a an Insurance Agent, he is looking forward for to be a financial consultant soon after he is certified in taxation too. His spirit and eagerness to learn is encouraging. Many of awarizens are looking for ways to procure that ultimate financial security not just for the present and near future but for the future of the near future too.
Our talks started with the Labrador and graduated to society matters and then quickly to taxation and the offer to consultancy. My offer to be tutored on investments was well-received with a typical consultant philosophical remark, ‘Each individual has a unique position in terms of risk appetite, priorities, age, which determinate the unique investment profile required.’ I nodded with confirmation. Further he pointed out a very important statement on priority, ‘Investing on Knowledge (skill gathering) is the most IMP of all priorities in financial investments. Only knowledge will make sure you keep your job or job offers come chasing you. And income source is the foundation which drives your other financial investments.’.
Happy to have just completed digesting the NPV & IRR usage and calculations.
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