“After a fulfilling journey, craving for a high and fearing a fall”
The Worrier
Anurag Krishna
Situation
Anurag was the country head of a large multinational. Our association began after he invited us to a meeting with his dealers. That very evening he invited us home and handed over his investment portfolio. He was on the verge of quitting. He wanted us to take into account all his concerns, review his investments and goals for the whole family, and provide a consolidated plan of action.
Challenges
Anurag was focused on high returns, regardless. After we assessed the worst possible outcome, we allowed him to pursue his curiosity. As we had feared, it did not go well. That experience made him more amenable to our professional advice.
His big goal was a retirement home in his favourite hill station in the south of India. While that materialised within months of retirement, the development made him ultra cautious. Any small, cyclical dip in the value of an investment would worry him. We could understand the state of his mind. Now, there was no salary coming in and the retirement home had taken away a large chunk of his investments. What if …?
Financial Approach
We portioned his investments into three buckets:
1. Cash flow for regular needs
2. Less liquid funds to keep him ahead of inflation
3. Funds earmarked for growth.
Family involvement
His wife spent much of their married life looking after his parents, both of whom passed away in their 90’s. We explain the financial situation to her periodically, though she allows Anurag to take the financial decisions.
Where we are
- It has been nearly 10 years since he moved to his home in the hills. His children have already set themselves up. He has also provided for his grandchildren.
- A few years after his retirement, his assets were more than adequate to see him through for the rest of his life after he had fulfilled all his obligations. That reawakened the aggressor in him. His logic was, why not take some risk with the extra money. So, occasionally, he continues to have some aggressive fun, confident that we are keeping a watchful eye, as always.
International Money Matters Pvt. Ltd. / IMMPL / International Money Matters (SEBI Registered Investment Advisor) | SEBI RIA Registration no. – INA200010676 | Type of registration – Non individual | Validity of registration – (24th May, 2018)— Perpetual | Registered office address – 101-103, Mittal Tower, A Wing, 1st Floor, M G Road, Bengaluru-560001 | BASL membership Id- 1519 | ARN – 30846 | CIN – U36941KA2002PTC031245 | GST No. – 29AABCI3975Q1ZQ | Principal Officer & Managing Director – Lovaii Navlakhi ( Lovaii@immpl.com) | SEBI local office address – Securities and Exchange Board of India, 2nd Floor, Jeevan Mangal Building, No.4 , Residency Road, Bengaluru – 560025, Karnataka.
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL and the certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
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International Money Matters Pvt. Ltd. / IMMPL / International Money Matters (SEBI Registered Investment Advisor) | SEBI RIA Registration no. – INA200010676 | Type of registration – Non individual | Validity of registration – (24th May, 2018)— Perpetual | Registered office address – 101-103, Mittal Tower, A Wing, 1st Floor, M G Road, Bengaluru-560001 | BASL membership Id- 1519 | ARN – 30846 | CIN – U36941KA2002PTC031245 | GST No. – 29AABCI3975Q1ZQ | Principal Officer & Managing Director – Lovaii Navlakhi ( Lovaii@immpl.com) | SEBI local office address – Securities and Exchange Board of India, 2nd Floor, Jeevan Mangal Building, No.4 , Residency Road, Bengaluru – 560025, Karnataka.
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL and the certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.