BQPortfolio: How Should Preethi Parthasarathy Push More Money Into Her Business?
Preethi Parthasarathy is wondering how she can save to push more money into her fledgling business.
BQPortfolio speaks to citizens from across India about their financial goals and helps them access expert advice on how to achieve them.
Preethi Parthasarathy, a freelance writer and travel content creator, has a fledgling business to nurture. The pandemic-induced lockdown has put a good deal of her work on hold, but she aims to use the time to get her finances in order.
She wants to save Rs 25 lakh over the next five years to take her business to the next level. That would involve hiring more employees and possibly renting out a larger office. Her main concern is that her monthly earnings and expenses are not fixed, so choosing a systematic investment plan approach is not feasible.
On this episode of BQPortfolio, Arvind Rao, certified financial planner and founder, Arvind Rao & Associates, spoke to Parthasarathy about how to plan her investments, and which investment options to choose.
(Corrects earlier version that misspelled Preethi Parthasarathy’s first name)