Customize your financial plan with asset allocation schedules
We are happy to announce major updates to the freefincal robo advisor tool. Users can now use custom asset allocation schedules while planning for retirement and other financial goals. The other financial goal sheet has been modified to include a break-up of current investments.The robo tool is a one-time purchase (details below), and all future updates are free. Therefore, existing users of the robo advisor tool (Excel and Google sheet editions) will be sent links to download the latest version.One of the main USPs of the robo tool is the automated asset allocation recommendation feature. This is based on our extensive research and is meant to reduce the sequence of returns risk in investing (a set of poor return years from equity).Thus, portfolio de-risking is taken into account from day one of the financial plan creation and the appropriate investment amount for the goal is then calculated. See, for example, a screenshot below.Asset allocation schedule with the variation in the expected portfolio return as suggested by the freefincal robo advisory toolMany users, especially financial advisors who make financial plans using the tool, have asked us for custom asset allocation schedules. For a 15-year goal (as an example), the user should be able to decide how much equity should be in the portfolio in each investment year. We have now included this feature for retirement and other financial goals.The automated asset allocation schedule is the default mode. Customising this is now an option. We do not recommend changing the asset allocation schedule unless it is required.We recognise that a custom schedule will be useful in many cases, especially for older investors with fixed-income heavy portfolios. For example, investors can now create a plan with an increasing equity allocation schedule. Hold it constant for some years and then decrease it, as shown below.A financial plan created with a custom asset allocation schedule made with the freefincal robo advisor toolWe recommend that only financial advisors and experienced DIY investors use this option. For most users, the automated schedule the robo tool provides will satisfy their requirements.This is a screenshot of the custom asset allocation schedule in the freefincal robo advisor tool for retirement. Similar schedules are also available for other financial goals.Screenshot of the custom asset allocation schedule in the freefincal robo advisor toolUpdate 2: Users can now enter details of their current investments in the other financial goals sheet. This was earlier available only for retirement. Thanks to SEBI RIA Basavaraj Tonagatti for suggesting this.Screenshot of current investment details for other financial goals in the freefincal robo advisor toolWe believe these updates place more power in the hands of the user to create detailed financial plans for themselves and their clients.Features of the Robo advisor toolThe tool would help anyone aged 18 to 80 plan for their retirement, six other non-recurring financial goals, and four other recurring financial goals with a detailed cash flow summary.Retirement planning capabilities (illustrations are linked below)Can handle up to three post-retirement income streamsAutomated asset allocation schedule to reduce sequence of returns risk (poor returns that can derail our plans)Detailed bucket strategy calculationOptions to include various levels of pension after retirement (income flooring)Option to DIY bucket strategy and use an annuity ladder.Fully customisable. No hidden formulae.All the details are explained here: Robo Advisory Software Tool: Build a complete financial plan!This is a video guide.More than 2500 investors and financial advisors are using the tool. The tool was recently featured in the Economic Times: Meet Pattabiraman, the man who helps many plan a better retirement through his calculators.All inputs are fully customisable.It can be used for commercial/professional use as well. Many advisors use this to create financial plans for their clients.Users will get all future updates.Presentation: The tool is available in two formatsAs an Excel file with macros. It will work on Mac Excel and Windows Excel.Or on Google Sheets with scripts.All inputs are fully customisable. It can be used for commercial purposes as well. More than 2500 investors and financial advisors are using the tool. Users will get all future updates as well.One-time purchase; lifetime access. Price includes future updates to the sheet.Get the robo tool by paying Rs. 5625 (Google Sheets edition; Instant Download. No refunds allowed). Use the discount code: robo25Use this link to get the tool to get the Robo Advisory Template Excel Sheets Edition at a 20% discount for Rs. 4500 only (the regular price is Rs. 5625). Use the discount code: robo25 (this will work on Mac and Windows Excel)Outside India? Then use this Paypal link to pay USD 80 (Kindly write to freefincal [AT] Gmail [DOT] com after you pay).Retirement planning Illustrations made with the robo tool: Do share this article with your friends using the buttons below. 🔥Enjoy massive discounts on our courses, robo-advisory tool and exclusive investor circle! 🔥& join our community of 7000+ users! Use our Robo-advisory Tool for a start-to-finish financial plan! ⇐ More than 2,500 investors and advisors use this! Track your mutual funds and stock investments with this Google Sheet! We also publish monthly equity mutual funds, debt and hybrid mutual funds, index funds and ETF screeners and momentum, low-volatility stock screeners.Follow Freefincal on Google NewsSubscribe to the freefincal Youtube Channel.Follow freefincal on WhatsApp Podcast: Let’s Get RICH With PATTU! Every single Indian CAN grow their wealth! Listen to the Let’s Get Rich with Pattu Podcast You can watch podcast episodes on the OfSpin Media Friends YouTube Channel.Let’s Get RICH With PATTU podcast on YouTube. 🔥Now Watch Let’s Get Rich With Pattu தமிழில் (in Tamil)! 🔥Do you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincalHave a question? Subscribe to our newsletter using the form below.Hit ‘reply’ to any email from us! We do not offer personalized investment advice. We can write a detailed article without mentioning your name if you have a generic question.Join 32,000+ readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email! (Link takes you to our email sign-up form)About The Author Dr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over ten years of experience publishing news analysis, research and financial product development. Connect with him via Twitter(X), Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation promoting unbiased, commission-free investment advice. Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! ⇐ More than 3,000 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter the market condition is!! Watch the first lecture for free! One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence. Our new course! Increase your income by getting people to pay for your skills! ⇐ More than 700 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos! Our new book for kids: “Chinchu Gets a Superpower!” is now available!Both the boy and girl-version covers of “Chinchu Gets a superpower”. Most investor problems can be traced to a lack of informed decision-making. We made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, what would it be if we had to groom one ability in our children that is key not only to money management and investing but to any aspect of life? My answer: Sound Decision Making. So, in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parents plan for it, as well as teaching him several key ideas of decision-making and money management, is the narrative. What readers say!Feedback from a young reader after reading Chinchu gets a Superpower!Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. – Arun. Buy the book: Chinchu gets a superpower for your child! How to profit from content writing: Our new ebook is for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only! Do you want to check if the market is overvalued or undervalued? Use our market valuation tool (it will work with any index!), or get the Tactical Buy/Sell timing tool! We publish monthly mutual fund screeners and momentum, low-volatility stock screeners. About freefincal & its content policy. Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact information: letters at freefincal dot com (sponsored posts or paid collaborations will not be entertained) Connect with us on social media Our publicationsYou Can Be Rich Too with Goal-Based Investing Published by CNBC TV18, this book is meant to help you ask the right questions and seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want This book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.Your Ultimate Guide to Travel This is an in-depth dive into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, and how travelling slowly is better financially and psychologically, with links to the web pages and hand-holding at every step. Get the pdf for Rs 300 (instant download)
