Is this a dumb idea?
What u think about my Master plan? I'm 26 yrs old saved 9 Lac, no much responsibility. Planning to put that 7 lack in post office senior citizen scheme, which pays 8.2% intrest. Get that amount quarterly and invest in nifty bees for next 4 yr? Is this dumb or worth it?
Unless you are Benjamin Button, is 60+ but looks 26 - there is a fundamental logical flaw in your plan.
Jordon Lee
Stealth
a year ago
Ill be using my parents account sorry fir not mentioning
It's as good a plan as any. Invest debt yield in a Index ETF.
What do you want to achieve out if it?
There are better ways to deploy it, but nothing wrong with your plan.
See more comments
Jordon Lee
Stealth
a year ago
Wait for the midcaps to fall(2 months Max), get a bag then
Jordon Lee
Stealth
a year ago
It is a dumb idea for two reasons:
1. With savings like these, better to keep finances clean and in your name. So SCSS is out of question
2. If you are 26 & earning, better to build an equity corpus.
