Building The Foundation

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Building The Foundation
Kaveri Nandan - 29 October 2021
Planning for your child’s future has two aspects: the financial and the emotional. Decisions taken on one side have an impact on the other. If you can control the emotional aspects, taking care of the financial aspects may be relatively simple. Just like young investors have age on their side when it comes to long-term equity investment, parents have an early mover advantage when it comes to planning for their children’s future. The good news is that more and more parents are now realizing the importance of starting early. “Even young couples who are still planning to have children, are investing these days. They know they will have an edge as they will  invest less and for longer. They can remain invested in equity instruments for the long term,” says Melvin Joseph, managing partner, Finvin Financial Planners. We all want the best for our children but our way of doing that differs. There is no one right answer, but there are a few guidelines that can be followed to build an overall structure to plan finances. What Are Your Goals? Parents have many...
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