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POSTED BY ON September 27, 2010 2:54 pm COMMENTS (3)
Hello Sir,
I am thinking to do effective financial planning so that my long term goals like Child education, Retirement can be fulfilled. Do you know any tool or website where personal Financial planning can be tracked? Preferably I should be able to track FDs, MFs, Real estate income, Shares and savings account.
Also I would like to know that how to choose MFs, SIPs against long term financial goals?
– Ajay
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It is a wise decision to go for financial planning so that u can meet ur all goals and needs.Tools available on website can be used if u have knowledge about determination of finanacianl goals, asset allocation, asset analysis and asset selection, because success of ur portfolio depends on ur asset allocation, analysis and rebalancing . So it would be wise to hire a good finanacial planner – CFP for proper planning and asset management.
Services of CFP will turn out to be cost effective if u do the cost benefit analysis.
if you want to do financial plan effectively you should choose a effective financial planner.. if you can afford him…
Tracking can be done by putting your portfolio in MoneyControl.com or Portfolio.InvestmentKit.com
We already have many discussions on equity mutual funds like reliance regular savings fund – equity etc.
Hope it will help you.
MoneySavingsHelp