NRIs who approach us for investment options broadly fall under the following categories: one, those who are abroad on an assignment and will come back. Two, those who are settled abroad and do not plan to come back. Three, those who are abroad, have no immediate plans to come back but ‘may’ decide to come back at some point.
Several of the 50 year-plus investors I know are eager to initiate their millennial children into investing as soon as possible. In their eagerness, they help their children with the ‘first steps’. Sadly, those steps often constrain or cripple the millennial’s financial journey. It is terribly hard for me to tell the earnest parent how