I have 25 lakhs in my account
I have been working professionally working from the last 3 years as a software engineer and I have 25 in my savings account, I have never invested my money before but it feels like a serious mistake on my end. I am looking for advice how should i split this money and invest in various streams i am ready to Invest 95% of it
FunkySaint
Stealth
a year ago
FD??? 😅
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coderx
Student
a year ago
30, 25 base
coderx
Student
a year ago
Oh yeah and i am doing wfh for 3 years
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Buy individual life, accident and health insurance. If you are rich, life/accident insurance is not required but health insurance is still recommended. Keep some funds for any emergency purposes. Invest Remaining in mutual funds based on your time line and goals.
coderx
Student
a year ago
I have both term and health thanks
I recently enrolled in 1% club try it out it will help you with personal finances
There is enough free knowledge available on youtube. You need not make these finfluencers rich.
EarlGreyTea
Stealth
a year ago
Since you're young,
1. Buy a good term insurance with it first. Contact Ditto - those guys are awesome
2. Put aside 6 months expenses and put into a liquid debt fund which can be easily retrieved.
3. Buy a good health insurance for you and yours parents if necessary.
4. From the remaining lot,
Put 40% into good blue chip stocks
Put 20% into small cap and mid cap MFs.
Put 20% into an FD
Put 10% in your bank account.
Use the remaining 10% to understand how the stock market works - dabble with few small cap and mid caps - but, hold and sell whenever you feel to understand the business so that eventually you can make more returns.
In same situation
- I put 20 lakhs into debt mf and started an stp to a index fund every week of 10000.
- Started SIPs in large cap, mid cap and small cap funds
- did a monthly sip to goldbees via small case
FunkySaint
Stealth
a year ago
Bang on.
Btw, why Goldbees via Smallcase and not directly? @JealousMix70
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Strawhatluffy
Stealth
a year ago
If you just want to invest that money and might not need that money in like 5 years, do a combination of SWP and SIP. Rotate the amount that you get from SWP into SIP. You will build a good capital in 5 years. Based on your life goals, take that lumpsum after 5 years and start investing in alternate asset groups like real estate
So many threads already exist on the topic so idk why people still post with their exact figures. It’s not like u have a unique situation or anything. This feels like weird flex to me so I’ll pass but good luck if not.
Spend some part of it on something that you think you deserve. Experience or material things (anything that you might have missed because of the lack of money)
coderx
Student
a year ago
Definitely i will
25 lakhs is very less amount to think that much. Invest in nifty 50 stocks for long term and keep adding every month.
coderx
Student
a year ago
I am not worried about the amount but rather years of waste but anyway had to start someday
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