Kuch nai hai dene ko 😶‍🌫️ mar Gaya toh shayad kuch milega bas

Generalist

1. Keep a physical file or a folder in ur system with a copy of each of ur investments.

Investor

Draw up a will.  
  
 Keep a spreadsheet shared with access details.  If you're old school like me and don't want password details - write it on paper.

Sales Manager

How have you planned access for your family to your investments in case of urgent need or a mishap? How have you kept your family aware of the financial investments? Would like to know answers acro...

Welcome to Personal Finance's Private Community

How have you planned access for your family to your investments in case of urgent need or a mishap? How have you kept your family aware of the financial investments? Would like to know answers across different asset like mutual funds, bonds, crypto etc.

Family access to investments

Product Manager

Family access to investments- Grapevine

How will they know about your finances in case anything unfortunate (god forbid) happens to you ?

Do your parents/partner know about your investments/debts ?

Senior Software Engineer

Hello community, 

Need help in the decision-making of the money that I have in my bank.
Currently, I have around 13lakhs in my bank account. I dont know what to do with that money. I dont feel safe in stocks and dont know any other options where to invest money.
Help would be genuinely appreciated 🙏.  Thank you

Age - 24.

Investment help

Software Engineer

Wanted to know how people are managing their investments? I’m facing below issues while managing
 
1.  How to diversified fund? whats are % of allocations 
2.  How to rebalancing the mutual funds and stocks time to time 
3. Investment on Foreign equities 

If you are managing by own please share your plan and approach or if you are taking help of any financial advisors do share their details also. 

Any help would be much appreciated! Thanks.

Struggling with personal finances

Tech Lead

With the recent strides towards digitisation, things like insurance, funds and banking are all handled online on the phone. I am worried that in my absence my family might not be able to access all the different accounts that I use and can be helpful for them. Is there any way I can go about keeping such information secure and safe with me yet easy to access by my trusted people in an emergency/my absence? Looking for more non-subscription/online based solutions.

Best way to keep information secured yet shareable.

What does your Portofolio look like in your 20s.

Would also be helpful if you can tell about your health and term insurance.

Portofolio in your 20s

Hi folks, I have recently started investing after repeatedly being told to not hoard my money in savings, wanted to know how/how much other people invest. 
Current portfolio:
Equity: 2.5 L ( banking, fmcg, ETFs)
Mutual Funds: 1.1 L ( Navi Index fund - 10 k per month sip, SBI Liquid Fund - 10k per month)

I feel that I should invest more since i dont have any financial dependents on me right now, but dont know how much and dont want to  put my hard earned money somewhere I won’t see it ever.

Tc: 30 LPA
Exp: 2 years

Need Investment Advice

Milestone crossed 1M USD combined networth (~9.15Crore Household Net-Worth)
46 M (Software Engineer/Founder) + 37F Wife (Lawyer) + 1 Kid (3 Year Old) based out of Delhi.

So last week me and my wife finally reached this milestone, >1M USD networth. Here is our portfolio. I hope people here can recommend what I should do next.

This chart was made by our Wealth Manager.

Rough Net Worth Breakdown:

1. Provident Fund and National Pension Scheme (EPF + NPS): 1.1 Cr

EPF: 75L
NPS: 35L

2. Savings Account and Fixed Deposits: 20 L

Savings Account: 12L
Fixed Deposits: 8L

3. Mutual Funds (MFs): 3.8 Cr (Breakup Below)

Index Funds: 25%
Mid Cap: 15%
Contra: 10%
Small Cap: 20%
Flexi Cap: 30%

4. Fixed Income: 1.3Cr

FDs: 50L (Spread in segments of 5L across 10 banks)
NCD/Bonds: 80L 

5. SGB (Gold): 80L

6. Crypto: 46L

Bitcoin: 35L
Solana: 6L
XRP: 3L
other cryptos: <1L

International Investments: 1.49Cr
QQQ: 30L
NVDA: 32L
AAPL: 28L
AMZN: 33L
GOOGL: 26L 


We may get a good inheritance in the future, ~8Cr from my parents + ~15Cr from my wife's parents, but we are not planning on that. 

Our primary goals are education for our kid(+planning another 1), their marriage, 2x vacations a year(1 domestic+1 abroad), a decent lifestyle, and a good car(we have a SKODA Slavia right now, planning an SUV as we are extending our family).

Please share your financial journey and any advice, we look forward to reading your comments.

Reached 1M USD networth in India 🇮🇳

Wow. Congratulations man. 
Tell us more about what seniority, what kind of company you're at.

Also, 23 Cr inheritance? You must already have been very well off.

Corporate Strategist

Founder

I come from a poor background, but somehow I worked extremely hard and now I earn decently well (above 60 LPA cash). 

My problem is- 
I don’t mind spending on others. In fact I don’t even think twice before taking my card out and buying things for family or friends. I have also lent money to multiple people when they are in need of help (total close to about 2-3 lakhs). But it doesn’t bother me even a bit. I don’t even care about whether I’ll get it back or not. 

But, when it comes to me, I find myself struggling so much and questioning my decision to buy things even as cheap as INR 200-300. And most of the times I find myself going extra miles to save a few bucks. In fact, I also recently downgraded from a bigger to smaller apartment, because I have been doing so much maths around saving 7-8K a month. 

Maybe there is some part of me that feels that I don’t deserve any of this. 

Anyone has any idea how to fix this?

I find it so hard to spend on myself

Product Owner

Curious to know how people split their savings each month. I currently focus on a mixture of mutual funds, US stocks, fixed deposit and crypto.

How do you plan your savings?

Growth Manager

I've completed 1 year in my first job. I've tried saving and investing some money, help me decide what I can do better:

Income: 22LPA

PPF: 3 Lakh
EPF: 2 Lakh
MF: 5 Lakh
Saving Account: 4.5 Lakh

Income for new FY post increment: 29LPA

I did these savings based on some advice from my elder brother.

I'd like to spend more this year though, with some travel and going out more, maybe even purchase a scooty/bike and a PS5 😁 - would these expenses be justified?

Apart from improving my savings & investments and 
still being able to afford a few luxuries, I want to know if I should get any of these:

- Health Insurance - Only 5 Lakh cover from company for me and my parents (note - parents are getting old)
- Life Insurance - Do we really need it, I'm still 24?

1 year in first job, please help me assess and improve

I see most of the people have over 60% of their net-worth in some kind of a financial instrument. So do you plan to just take out the investment after some milestone to use it? Like how do u rotate from investment to liquid - on what condition or how often?
Like people advice to keep emergency funds worth in bank account but what about sudden big purchases, bills or so? Do u then just sell off the investment and wait for the money to hit ur bank and then proceed with the thing ?

Do you cash in ur investments often?

Hey everyone, I'm curious about retirement planning and would love to hear from others about their retirement goals. What retirement corpus are you looking at? What is your current financial status and expected retirement age? I'm particularly interested in hearing from those who have already started planning for retirement or have already retired. Any tips or advice on retirement planning would be much appreciated. Thanks in advance!

You can use the following format
Goal/current status/retirement age/current age

My goal : 10cr/2cr/40/30

10 cr  equivalent after inflation adjustment

Family access to investments

Discover More

Personal Finance on

by Coy Carmden

Stealth

Do your parents/partner know about your investments/debts ?

Personal Finance on

by Karilyn Taye

Salesforce

Investment help

Personal Finance on

by Matilda Denver

PayPal

Struggling with personal finances

Personal Finance on

by Kalan Lee

TripAdvisor

Best way to keep information secured yet shareable.

Personal Finance on

by Jordon Lee

Cred

Portofolio in your 20s

Personal Finance on

by Kendall Carmden

Zomato

Need Investment Advice

Personal Finance on

by Isaiah Denver

Stealth

Reached 1M USD networth in India 🇮🇳

Personal Finance on

by Kendall Denver

Stealth

I find it so hard to spend on myself

Personal Finance on

by Isaiah Lee

Stealth

How do you plan your savings?

Personal Finance on

by Aaron Olive

Stealth

1 year in first job, please help me assess and improve

Personal Finance on

by Jordon Carmden

Plivo

Do you cash in ur investments often?

Personal Finance on

by Jordon Vernon

Amazon

Early Retirement