Your cover story for the first monthly edition was on an appropriate theme (Ready to Retire, September 2009). However, while you addressed the issue of how one should start saving early for retirement, you did not dwell on how one can retire early. These days, the mindset of young professionals is changing drastically. They want to lead a semi-retired life in their late forties or fifties by pursuing a hobby instead of a regular job. Also, given the high burnout rates, early retirement is a likelihood that we must all be prepared for.
SANDEEP KOHLI, Ludhiana
Your outlook is correct. Early retirement is catching up, especially among the upwardly mobile population. In one of our earlier cover stories, Retire Rich, 30 October 2008, we had formulated financial strategies for some people who had planned to retire by the age of 50.
I am a subscriber of MONEY TODAY. When you announced that the magazine was becoming a monthly, I was wary. However, the September issue has allayed my doubts. The cover story on retirement was well-researched. I particularly liked the piece on common mistakes in mutual fund investing (How Not to Invest, September 2009). It was very instructive and accurately pegged the mentality of the greedy urban investor. I hope to read more such stories in the future.
SANDEEP KUMAR, Amritsar
This refers to your latest cover story on retirement planning. For most investors, it is one of the most critical goals along with children’s education. There is no dearth of products that cater to the objective of building a retirement nest egg. The New Pension Scheme has only added to the choices. Your articles can prove handy for choosing the right product to meet this goal. As you rightly emphasised, if investors start saving early, they have more options.
BAL GOVIND, Noida
In the story listing the evaluation tools for buying stocks (How to Find the Right Stock Price, September 2009), you mentioned that different ratios are applicable to different industries. Could you explain why a ratio is suited to a particular business?
AMRAPALI KANNAN, Hyderabad
The growth of different businesses depends on various factors. For instance, net interest margins and bad debts play a vital role in a bank’s prosperity. Therefore, the price-to-book value (P/BV) is the ratio to watch as it captures the loan book/assets of the bank. On the other hand, order books are important for construction companies, so the order book-to-sales ratio is the most appropriate for these.
Could you please give the placement details of the institutes listed in the career story (Rewards of the Retail Boom, September 2009)?
LOUELLA FERNANDES, Kolkata
These details are easily available on the institutes’ Websites. While almost all of these claim to place all the students, one needs to be cautious about the quality of jobs offered.
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