Synopsis Create a diversified portfolio before crossing the stage of peak income. Mohit is in his early forties, earns a high salary, and loves to spend on cars, clothes, holidays and lifestyle luxuries. He expects to be posted abroad soon at a lucrative regional position for three to five years, after which he sees further career growth to a senior management position. He owns a house and is wondering if he should invest in a second house to rent out and gain from the price appreciation. He does not save much, but is not worried as he is confident about his high level of earnings . Mohit's wife is keen that they enhance their savings from the current low levels, especially from the foreign posting. How should Mohit plan for this? Mohit represents the new generation of high earners who enjoy a steady increase in income and, subsequently, a high confidence to spend. As a successful professional looking to reach a senior career stage at a young age, he generates a large and consistent surplus. A this stage, it will be easy for him to focus on wealth creation, so he should grab the opportunity to create a diversified portfolio…. Read full this story
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