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Should you Buy or Rent?
Manage episode 456728398 series 3626341
Το περιεχόμενο παρέχεται από το Monika Halan. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Monika Halan ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
In this episode, Monika discusses the protests by life insurance agents against recent policy changes favoring policyholders. Insurance agents, news reports say, are upset over reduced commissions and clawbacks due to new IRDAI rules that allow investors to keep more money when surrendering policies early. Effective from October 1, 2024, these changes aim to protect policyholders from harsh penalties while addressing mis-selling issues. Monika views these shifts positively for investors and recommends opting for term policies and direct investments over bundled insurance plans.
The episode also addresses the question of whether young people in their 20s and 30s should buy or rent a home. Monika advises that purchasing should only occur if one plans to stay long-term, as real estate is not an ideal investment due to low rental yields and variable appreciation. For those seeking flexibility in their careers, renting is often a smarter choice. She emphasizes the financial trade-offs involved in this decision, noting that buying early may limit career opportunities.
In listener queries, Nripjit Singh Chawla asks if he should redeem his equity mutual fund investments for an index fund. Monika advises against rushing this decision and suggests evaluating the current portfolio first. Dr. Abhinabha Saha, a 26-year-old doctor from Kolkata, wonders whether to take a loan for an MBA or use investments. Monika recommends a mix of both to balance costs. Lastly, Chandan Kundapur from the US seeks advice on generating monthly cash flow from mutual funds. Monika suggests utilizing a Systematic Withdrawal Plan (SWP) and consulting a financial planner for international relocation.
Chapters:
(0:33 - 5:57) Protests by Life Insurance Agents and Policy Changes
(5:58 - 9:50) The Age-Old Question: Should You Buy or Rent?
(9:54 - 11:40) Should I Switch From Equity Mutual Funds to Index Funds?
(11:41 - 13:15) Financing an MBA with Loans vs. Investments
(13:17 - 15:07) Generating Monthly Cash Flow from Investments
https://www.hindustantimes.com/opinion/irdai-signs-off-on-investor-gouging-101711633140902.html
If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com
Monika’s book on basic money management
www.monikahalan.com/lets-talk-money-english/
Monika’s book on mutual funds
www.monikahalan.com/lets-talk-mutual-funds/
Monika’s workbook on recording your financial life
www.monikahalan.com/lets-talk-legacy/
Calculators
investor.sebi.gov.in/calculators/index.html
You can find Monika on her social media @monikahalan.
Twitter @MonikaHalan
Instagram @MonikaHalan
Facebook @MonikaHalan
LinkedIn @MonikaHalan
Production House: www.inoutcreatives.com Production Assistant: Anshika Gogoi
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