SparklyPancake
SparklyPancake

How am I doing till now?

Hello community, I have 5 YOE Current CTC: 25 Lpa Working with MNC in bangalore, unmarried Apart from this i have 7Lkhs of Auto loan left which was of 4 years, I don’t wish to prepay that.

Do you have any suggestions if I want to quit job market in coming 10 years and do something of my own or attempt something remote coz I don’t see myself in bangalore in coming years.

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11mo ago
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SparklyNoodle
SparklyNoodle

When you have EPF then don't put much money in PPF, you are young can take more risk, increase equity exposure

SparklyPancake
SparklyPancake
PayPal11mo

Already converted my sips to tax saver and direct stocks or equity MFs. Thanks for your advice 👍🏻

BouncyDonut
BouncyDonut

Why do you want to pay interest on auto loan minimum 10% as per my latest knowledge unless it's a EV giving you some tax relief under some section

SparklyPancake
SparklyPancake
PayPal11mo

Got it on 8% but i believe paying lumpsum would take my emergency fund and some of stock holdings which am seeing approx 15% also bank already took most of interest component from loan in 1st year.. remaining principal amount is more compared to interest component, so doesn’t make sense in my view to pay it early.

SparklyPancake
SparklyPancake
PayPal11mo

Any suggestions from senior or experienced ones.. i mean who figured out in life .. would be greatly appreciated

BubblyBanana
BubblyBanana

Go take risk. Go for smallcap equity MF fully.

SparklyPancake
SparklyPancake
PayPal11mo

Thanks for your advice

SwirlyTaco
SwirlyTaco
PayTM11mo

Which app is this?

PeppyDonut
PeppyDonut
Oracle11mo

Ind money

SparklyPancake
SparklyPancake
PayPal11mo

Indmoney

DerpyUnicorn
DerpyUnicorn

If you have next 10 years to build a corpus then go for more riskier investments. Its okay to not prepay auto loan since you can get 12% from mkt. Indian stock mkt is all time high though, and a lot of the gains are priced in already, try diversify into US mkt as well.

SparklyPancake
SparklyPancake
PayPal11mo

makes sense.. thanks a lot for your advice 👍🏻

MagicalDumpling
MagicalDumpling
Myntra11mo

Which app are you using for this portfolio tracking?

SparklyPancake
SparklyPancake
PayPal11mo

Indmoney

SnoozyPanda
SnoozyPanda

Badhiya kar raha hai bhai/behen...paise bhej de whenever asset allocation is off

SparklyPancake
SparklyPancake
PayPal11mo

Thanks 🙏 “paise bhej de whenever asset allocation is off” … ??? Samjh me nahi aya 😅

FluffyNugget
FluffyNugget
Plivo11mo

I would also not like to see B’lore 🥲

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