What investment strategy must you follow to retire in 15 years?

What investment strategy must you follow to retire in 15 years?

I am a 46-year-old independent tax consultant and have almost 25 lakh as investments in the following funds:  Axis Long Term Equity, Nippon Gold, Nippon Multicap, Nippon Growth, Nippon Banking, Nippon Pharma, Nippon Taxsaver, Birla Sunlife Frontline Equity, Birla Sunlife Midcap, Sundaram Large and Mid Cap, Sundaram Mid, HDFC Top 100, UTI Midcap, UTI Dividend Yield, IDFC Flexi Cap. Fund, SBI Consumption Opportunities, ICICI Long Term Equity Fund, ICICI Value and Discovery Fund and ICICI Technology Fund.    I have also started a systematic investment plan (SIP) in the following funds since January 2022: Motilal Oswal Nasdaq 100 FoF, PGIM India Midcap Opportunities, Canara Robeco Bluechip Equity, Mirae Asset Emerging Bluechip , Parag Parikh Flexi Cap Fund and Kotak Small  Cap Fund. I have also made a one-time investment in the following funds in January this year: PGIM India Flexi Cap Fund- 100,000, Axis Small Cap- 100,000, Axis Bluechip Fund – 100,000, Axis Midcap Fund – 100,000, Motilal Oswal Nasdaq 100 FoF – 75,000.00.  I also have about 650,000 in shares, besides 500,000 in PPF and NSC. I have a Star health insurance policy and its annual premium is 25,000 for 30 lakh coverage.   Please let me know if my investment strategy helps me to retire after 15 years.   -Name withheld on request   The portfolio is excessively diversified in our view and it may be a good idea to consolidate your overall holdings. Thus, as and when your schemes become long term and free of exit load, you may wish to retain 5-6 schemes in your overall retirement portfolio.  You could consider retaining the ICICI Value Discovery Fund, Parag Parikh Flexicap Fund, MOSL NASDAQ 100 Fund, Mirae Emerging Bluechip Fund and Axis Small cap fund in your portfolio. While you do have other good schemes as well, managing a portfolio with too many schemes is rather cumbersome and therefore avoidable in our view. It is a good idea to do SIPs in the same schemes that you are using for lumpsum investments, and you may considering adding a scheme with UTI Nifty Index Fund – Direct Growth to your portfolio to get market returns at a low cost.  Vishal Dhawan is a certified financial planner and founder of Plan Ahead Wealth Advisors, a Sebi registered investment advisory firm.

Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.


.

Here’s how you can make your flying experience easier this summer

Here’s how you can make your flying experience easier this summer

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.There are few industries like travel that have roared back with as much consumer demand after the pandemic-related lockdowns.Airlines predicted it would take years for consumers to fly again at pre-pandemic levels. But as vaccination efforts persisted and restrictions were lifted, Americans began to travel again. However, the airline industry has not been able to keep up with the public’s appetite for flying, resulting in major flight delays and cancellations throughout the U.S..So before you head to the airport for your next flight, keep in mind the following tips to give yourself the best chance of smooth travel.Subscribe to the Select Newsletter!Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here.Airports and airlines are equally strugglingThe travel experience right now, as cleverly put by The Atlantic, is suffering from ‘nothing works syndrome.’ And much of this has to do with one core issue: a lack of staffing. But with one large issue comes several smaller problems like weather, air traffic control issues and a reduced amount of available aircraft, all which contribute to an overall system meltdown.Here’s an idea of what travel demand and delays look like right now:On June 26, TSA reported it counted nearly 2.5 million people through its checkpoints. It was the highest number since Feb. 11, 2020 — which was right before Covid-19 shut down the world.Between 2013-2019, the total number of flight cancellations never exceeded 70,000 in an entire year. There have already been over 76,000 so far in 2022, according to the Bureau of Transportation Statistics, and we’re not even halfway through the year.Unfortunately, if you need to fly, there isn’t much you can do to avoid the larger issues. But there are several things you can do to make your experience an easier one.How to keep your travels smooth amid staffing shortages1. Avoid layovers when booking, and book directIf you can avoid layovers, it may benefit you for a simple reason: the fewer flights you take, the chance for issues to arise becomes smaller.Additionally, it may be tempting to book your next flight with a third-party travel service (i.e. Expedia or Priceline) to save a few dollars as airfare prices have skyrocketed. However, if you run into delays or cancellations, the airline may not be able to assist you directly if you booked through a third-party — you’ll first have to deal with the travel booking service’s customer service line to remedy your issues.2. Show up early, and avoid checking your bagIt’s the most cliché suggestion out there, but arriving early can help you avoid the panic of missing your flight and disrupting your travels. Long lines to check a bag or to get through security could cause you to accidentally miss your flight. And as airlines are packing their planes, missing your flight could leave you with few options to rebook as seat inventory remains low.Also, you may consider packing a bit less and bringing your bag onboard with you. One of the areas airlines are struggling to hire and keep staffed is bag handlers. So not only is your bag at risk of being lost or damaged, but it could also be a while until you receive your bag at your final destination. And if you’re strapped for time, the time it takes to check your luggage could lead you to miss your flight.And Sandra McLemore, president of Travel Marketing & Media, strongly recommends using online check-in. “Just one minute after check-in closes, your seat will go to someone on a waitlist. And you won’t get a credit, let alone a refund,” she tells Select.3. Enroll in an expedited security programExpedited security perks have arguably never been more valuable. Programs like TSA PreCheck, Global Entry and CLEAR can save flyers a significant amount of time. And the best part is that many travel credit cards offer perks to cover the application costs.I currently have Global Entry (which includes membership to TSA PreCheck), and paid with my IHG® Rewards Premier Credit Card, which gives me a $100 statement credit to cover the Global Entry or TSA precheck application cost. Over the last five years I’ve flown close to 100 flights, and expeditated security has saved me anywhere from a few minutes to sometimes over an hour each trip. And since Global Entry includes TSA PreCheck, I get expedited security clearance anywhere in the U.S. and can clear customs quickly when returning to the U.S. after a trip abroad.There are several cards that include credits for expedited security programs, including the Bank of America® Premium Rewards credit card and the Chase Sapphire Reserve®. But if you’re not interested in a rewards card, you can simply pay online to enroll in one of the programs.Bank of America® Premium Rewards® credit card

  • RewardsEarn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases.
  • Welcome bonusReceive 50,000 bonus points — a $500 value — after you make at least $3,000 in purchases in the first 90 days of account opening.
  • Annual fee
  • Intro APR
  • Regular APR15.99% to 22.99% variable APR on purchases and balance transfers
  • Balance transfer feeEither $10 or 3% of the amount of each transaction, whichever is greater
  • Foreign transaction fee
  • Credit needed

Information about the Bank of America® Premium Rewards® credit card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.Chase Sapphire Reserve®

  • RewardsEarn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025
  • Welcome bonusEarn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
  • Annual fee
  • Intro APR
  • Regular APR17.74% to 24.74% variable
  • Balance transfer fee
  • Foreign transaction fee
  • Credit needed

4. Use lounges rather than regular airport food optionsAnother area that has dramatically suffered is airport dining. Whether it’s a lack of staffing, supply chain issues or outrageous pricing, airport dining has become more difficult since the onset of the pandemic.For example, when I flew through the Detroit airport a few months ago, the Starbucks franchise was completely closed as they didn’t have workers. And when I flew through San Diego, its Starbucks location was charging an extra 2% fee for “employee retention.” For the restaurants that may be available, you could find yourself waiting some time to be served.To save both money and time, you may consider visiting an airport lounge. They typically have free food and drinks available, and you can receive access simply by having one of many different travel credit cards.For example, I’m an authorized user on the Capital One Venture X Rewards Credit Card, which gives me access to Priority Pass lounges around the world. The Platinum Card® from American Express and The Business Platinum Card® from American Express also provide widespread airport lounge access, including Priority Pass membership and access to Delta SkyClubs and Amex Centurion lounges. Terms apply.However, keep in mind that lounges have become busier as a plethora of credit cards have started to award lounge access.The Platinum Card® from American ExpressOn the American Express secure site

  • RewardsEarn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year, 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel, 1X points on all other eligible purchases
  • Welcome bonusEarn 100,000 Membership Rewards® points after spending $6,000 within 6 months of card membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
  • Annual fee
  • Intro APR
  • Regular APR
  • Balance transfer fee
  • Foreign transaction fee
  • Credit Needed

5. Be prepared for the worst-case scenarioYou can take as many precautions as you’d like, but sometimes the cards won’t fall in your favor.But when things go awry, the first thing to do is not panic. It’s happening to many other travelers, and there are solutions available. But to protect yourself against this, you may consider doing the following:

  • Give yourself extra time. For example, you may consider flying to your destination earlier than you need so if there’s a delay, you have some wiggle room.
  • Begin looking for alternative solutions immediately. As soon as you hear of a delay or potential cancellation, it’s wise to find solutions like a hotel room or even another flight. Because it will be you and everyone else on your flight trying to find solutions all at once as well.
  • Book travel with a credit card that has travel insurance. If you experience a delay or even a cancellation, some of the costs, unfortunately, will fall on you as the traveler. That can include things like food or a hotel (depending on the airline and circumstances of the delay and/or cancellation). However, credit card travel insurance will help cover the costs you may incur during a delay or cancellation — just make sure you pay for your travel with your travel credit card so the insurance goes into effect. When my flight was canceled last Christmas in San Diego, the coverage from my Chase Sapphire Preferred® Card kicked in and covered the incidental costs.

Bottom lineTraveling is supposed to be a fun and enjoyable experience, but for the foreseeable future, it’s more likely going to be a headache to get from ‘A to B’. So if you’re traveling anytime in the near future, implementing these tips and tricks can ease the pains of post-pandemic travel.Catch up on Select’s in-depth coverage of personal finance, tech and tools, wellness and more, and follow us on Facebook, Instagram and Twitter to stay up to date.For rates and fees of the Platinum Card® from American Express, click here.Information about the Capital One Venture X Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party. .

Deal of the Day: You can now get the premium Sam’s Club membership — which offers free shipping and additional discounts on prescription drugs — for $50 a year

Deal of the Day: You can now get the premium Sam’s Club membership — which offers free shipping and additional discounts on prescription drugs — for $50 a year

If you don’t plan to shop at Sam’s Club often — or even online since the free shipping is a big perk — this may not be the deal for you.

Getty Images

If you buy a lot of household items in bulk or are looking for cheaper gas, a Sam’s Club membership may be something you’re considering. So we’re highlighting this deal: Sam’s Club has partnered with StackSocial to offer its Sam’s Club Plus membership — which is the warehouse club’s premium membership offering (see below for details) for $50 (it is usually $100). This premium version of Sam’s Club membership is cheaper than Costco’s standard offering (its basic membership is $60 a year), but it’s not the right option for everyone. The pros of a Sam’s Club Plus membership: Generally, the savings at warehouse clubs can be worth it particularly for those who buy in bulk, fill up their car with gas there, or make large individual purchases like electronics or tires or electronics, a U.S. News analysis reveals. With a regular membership — which you can get right now for $15 via StackSocial — you can access those discounts plus, add one member of their household for free and shop online at SamsClub.com. With a Sam’s Club Plus membership, you get all of that but also the added benefits of free shipping and curbside pickup, over 600 generics at the pharmacy for $4 and 20% a pair of eyeglasses and free shipping on contact lenses. You can also earn back 2% cash back per year on qualifying purchases.  Is a Sam’s Club Plus membership worth it? Our take? Maybe not without the deal. But considering that you can get a few added benefits for shelling out around the same price of a standard membership? We vote yes. That said, if you don’t plan to shop at Sam’s Club often — or even online since the free shipping is a big perk — this may not be the deal for you. “To make back your $100 membership fee, you’ll have to spend at least $5,000 throughout the year,” says Wirecutter. But again, you’re paying half of that, so that’s something to keep in mind.  SlickDeals highlights this key perk of a Sam’s Club Plus for early birds as well: “You can shop up to three hours before other shoppers. Plus members get access to the store starting at 7:00 a.m. Monday through Saturday. It’s a great option for early risers or those who like to shop before work,” the reviewer notes. How this deal works: Once you order your Sam’s Club Plus membership from StackSocial through this link, you will receive a redemption code via email that allows you to access your Sam’s Club Plus membership. There is sometimes a short delay in receiving the code, as StackSocial verifies that the order is legitimate. If you have any issues or questions, you can immediately reach out to StackSocial customer support via this link. LEARN MORE: Sam’s Club has partnered with StackSocial to get you the maximum benefits of a Sam’s Club Plus membership for $50 About this column: Since you’re here, let me introduce myself: I’m Maddy Perkins, deputy commerce editor for MarketWatch Picks. I’m a big online shopper who loves to hunt down savings — particularly when it comes to cool kitchen gadgets, electronics, fashion and beauty products. I’ll be here a few times a week to share the best deals I can find online with you. Have anything you’d like me to hunt down? Write me at [email protected]. Cheers!

.

Score 5 Free Nights With Bonus

Score 5 Free Nights With Bonus

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.Chase launched a new welcome bonus for the Marriott Bonvoy Boundless® Credit Card on Thursday, allowing new cardholders to earn five free nights after meeting the minimum-spend requirements, in this case, spending $5,000 within the first three months of card membership.In addition to the bonus — which is pretty lucrative considering each free night is valued at up to 50,000 Marriott Bonvoy points — the card comes with solid benefits to enhance your hotel stay.Below, Select outlines the new limited-time welcome bonus and everything else you need to know about the Marriott Bonvoy Boundless® Credit Card.Subscribe to the Select Newsletter!Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here.The Marriott Bonvoy Boundless Credit Card’s limited-time welcome bonusAs part of a new welcome bonus offer, the Marriott Bonvoy Boundless Credit Card is currently offering new cardholders five free nights — that’s instead of the usual three — with each night being eligible for a redemption of up to 50,000 Marriott Bonvoy points, after you spend $5,000 within the first three months of opening your account.That means this bonus can be worth up to a whopping 250,000 Marriott points if maximized correctly. If you value Marriott Bonvoy points at 0.8 cents per point (a standard valuation by many award travel bloggers) that’s potentially $2,000 in value towards Marriott hotel stays. You can book many mid-range hotels, and even some luxury Marriott properties, with the 50,000-point certificates.For spending on the card, cardholders can also earn:

  • Up to 17X points per dollar at participating Marriott Bonvoy properties — that’s 6X points per dollar at more than 7,900 branded hotels and resorts, up to 10X points per dollar just for being a member of Marriott Bonvoy and 1X point per dollar just for having Silver Elite Status, another cardholder perk
  • 3X points per dollar for the first $6,000 you spend at grocery stores, gas stations and on dining each year
  • 2X points per dollar for all other purchases

In addition to those spending categories, the card also delivers solid value with the following benefits:

  • The ability to earn one Elite Night Credit toward elite status for every $5,000 you spend with the card, and 15 Elite Night Credits toward the next level of elite status per year
  • Complimentary Silver Elite Status through Marriott Bonvoy and the opportunity to earn Gold Elite Status after spending $35,000 each year
  • One Free Night Award each year after your account anniversary, which you can use to redeem a one-night stay of up to 35,000 Marriott Bonvoy points
  • Complimentary premium Wi-Fi when you stay at Marriott Bonvoy properties
  • Baggage delay insurance, lost luggage reimbursement, trip delay reimbursement and purchase protection when you pay for travel and other large purchases with the card
  • Complimentary access to 24/7 Visa Signature® Concierge Service
  • No foreign transaction fees for using the card abroad

While the card carries a modest $95 annual fee, the value of the welcome bonus and the ongoing perks and benefits easily justifies the cost.Marriott Bonvoy Boundless® Credit Card

  • RewardsEarn 3X Bonvoy points per $1 on the first $6,000 spent in combined purchases each year on grocery stores, gas stations, and dining; 1 Elite Night Credit towards Elite Status for every $5,000 spent; up to 17X total points for every $1 spent at hotels participating in Marriott Bonvoy®, and 2X points for every $1 spent on all other purchases
  • Welcome bonusEarn 5 Free Nights (each night valued up to 50,000 points) after qualifying purchases
  • Annual fee
  • Intro APR
  • Regular APR16.74% to 23.74% variable on purchases and balance transfers
  • Balance transfer feeEither $5 or 5% of the amount of each transfer, whichever is greater
  • Foreign transaction fee
  • Credit needed

Eligibility for the new welcome bonusFor those who enjoy earning multiple welcome bonuses from credit cards, it’s important to remember the eligibility rules put in place by credit card issuers to ensure consumers aren’t reapplying for cards simply to earn their respective bonuses.If you fall into any of these categories, you won’t be able to earn the new welcome bonus:Other available Marriott Bonvoy credit card bonusesIf you already have the Marriott Bonvoy Boundless Credit Card, or are currently in the market for a hotel rewards credit card with different benefits, there are a number of additional Marriott Bonvoy credit cards to consider. Here’s a look at their welcome bonus offerings:Marriott Bonvoy Bold® Credit Card new bonus availableThe Bonvoy Bold Credit Card is also offering a raised welcome bonus as well.The Marriott Bonvoy Bold® Credit Card is a solid pick for consumers seeking a travel rewards credit card with no annual fee. The new welcome bonus offers 60,000 Marriott Bonvoy points after spending at least $2,000 within the first three months of opening your account.If you value Marriott Bonvoy points at 0.8 cents per point, that’s $480 in value with no annual fee — making it a great deal for travelers who don’t want to cough up any cash.Marriott Bonvoy Bold® Credit Card

  • RewardsEarn up to 14X total points for every $1 spent at over 7,000 participating Marriott Bonvoy® hotels, 2X points on other travel purchases (from airfare to taxis and trains) and 1X point on all other purchases
  • Welcome bonusEarn 60,000 Bonus Points after you spend $2,000 on purchases in the first 3 months from account opening
  • Annual fee
  • Intro APR
  • Regular APR16.74% to 23.74% variable on purchases and balance transfers
  • Balance transfer feeEither $5 or 5% of the amount of each transfer, whichever is greater
  • Foreign transaction fee
  • Credit needed

Marriott Bonvoy Brilliant™ American Express® CardThe Marriott Bonvoy Brilliant™ American Express® Card is a great hotel credit card for travelers who regularly stay at Marriott properties. Once approved for the card, you can earn 75,000 Marriott Bonvoy points after you spend at least $3,000 within your first three months of card membership.Marriott Bonvoy Brilliant™ American Express® CardOn the American Express secure site

  • Rewards6X Marriott Bonvoy points for each dollar spent on eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3X points at U.S. restaurants and on flights booked directly with airlines, 2X points on all other eligible purchases
  • Welcome bonus75,000 Marriott Bonvoy bonus points after you use your new card to make $3,000 in purchases on the card within the first 3 months.
  • Annual Fee
  • Intro APR
  • Regular APR
  • Balance transfer fee
  • Foreign transaction fee
  • Credit needed

Marriott Bonvoy Business™ American Express® CardThe Marriott Bonvoy Business™ American Express® Card is a great pick for business owners who want to earn rewards for free hotel nights. The current welcome bonus mirrors the Brilliant card’s, offering 75,000 Marriott Bonvoy points after you spend at least $3,000 within the first three months of account opening.Marriott Bonvoy Business™ American Express® CardOn the American Express secure site

  • Rewards6X Marriott Bonvoy points for each dollar spent on eligible purchases at hotels participating in the Marriott Bonvoy™ program, 4X points for each dollar of eligible purchases at U.S. restaurants, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping, 2X points on all other eligible purchases
  • Welcome bonusEarn 75,000 bonus Marriott Bonvoy points after you use your new card to make $3,000 in eligible purchases within the first 3 months of card membership.
  • Annual fee
  • Intro APR
  • Regular APR16.49% – 25.49% variable on purchases
  • Balance transfer fee
  • Foreign transaction fee
  • Credit needed

Bottom lineThe Marriott Bonvoy Boundless® Credit Card is an amazing offer from Chase since it gives cardholders a relatively easy opportunity to earn five free nights — instead of the usual three (or less) — for their next vacation. That said, it’s important to remember that the free nights can only be redeemed for rooms that are 50,000 Marriott Bonvoy points per night or less, so if you have a particular Marriott property in mind, make sure the free stay you want to book is within that points-redemption threshold.As always, before applying for a new credit card, be sure to check your credit score as the credit cards mentioned in this article require at least a good credit score in order for you to be approved.Catch up on Select’s in-depth coverage of personal finance, tech and tools, wellness and more, and follow us on Facebook, Instagram and Twitter to stay up to date.For rates and fees of the Marriott Bonvoy Brilliant American Express® Card , click here.For rates and fees of the Marriott Bonvoy Business™ American Express® Card , click here.Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party. .

Mint 20 list of best mutual funds

Mint 20 list of best mutual funds


We have hand-picked 20 mutual funds for your portfolio that have jumped through hoops of good returns, low risk, good portfolio hygiene and our own qualitative research. We have restricted the choice universe to 10 categories out of the total 37 and given you at least two options to pick from each.

 

MintView Full ImageMint

Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

.