- The conventional formula to calculate retirement corpus is 20 times your annual expense. But this annual expense should include everything from your daily expenses, to medical insurance, to vacations etc everything. In a hypothetical situation, if someone has calculated around 2 lacs per month ( 1 lac per month regular expenses plus 1 lac per month others like insurance, vacation etc) then annual expense is 24 lacs per year. 20 times that is 4.8 crores.
For me the case was slightly different because I had a pensionable job, after 20 years of continuous service. Plus my dermatology practice can support me in case of need of additional buffers.
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After achieving a certain portfolio size, things like building a farmhouse do not entail too much of a dent on overall portfolio. Besides land itself usually appreciates if selected in proper location. Me and a couple of friends bought a farmhouse in 2013, which is more of an orchard. The price of that property has not gone up too much in monetary terms, but I consider it one of my biggest multibaggers. Its a place which has given me and my friends immense joy and happiness and there is no price that can be attributed to it in terms of X amount of rupees. Besides at some point of time, you have to think about fulfilling your dreams because number of years in life are limited and thinking constantly about financial milestones takes you nowhere. As I said before in a post, “After the first few crores, rest is just a number. “
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Wockhardt is a bet on the turnaround of the company’s performance and the optionality of WCK 5222 and other molecules. It’s been too well discussed on VP thread. Nothing much to add from my side.
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