Need Investment Advice
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
majboormajdoor
Stealth
a year ago
@infoLogger @FuzzyRuin38 @JadeArgent
Read Monika Halan's books. She explains it as a textbook. Frankly, unless you splurge a lot, you ain't gonna go wrong by keeping your money anywhere for first 2-3 years of your career. Just stay away from bad investments.
Her books
Let's talk money.
Let's talk mutual funds.
BasicNeck50
Stealth
a year ago
1.5 L in ppf for 15+5 year
SIP: what ever amount you can - 50% index/large cap, 30% mid cap, 20% small cap.
50K NPS
Personal health insurance+ term insurance( if you have a dependent)
Step back, don't do anything for 15-20 years,
Do only 2 things: increase the SIP amount whenever you can and once in a while look at the midcap/small cap fund.
How does it matter to you how much others are investing? I invest in multiple instruments. Anyways, since you asked 65 lakh in stocks, 33 lakh in MF, 11 lakh in NPS, 10 Lakh in PF, 5 Lakh in SSY, 4 Lakh in PPF, 20 lakh in savings banks acc, 15 lakh in chit funds. Going to pull 10 lakh from bank acc towards stocks on Oct 1. Thinking to stop investing in MF further and invest in stocks directly but 17% XIRR track record making me incline towards MF though. NPS is through my employer every month and I invest 50k every year additional for tax saving. I channel all my side incomes towards mutual funds so it is random. SSY regularly 1.5 lakh every year. I like to invest in PPF for 1.5 lakh every year but have not decided this year whether to invest or not. I decided not to buy any more real estate; I have 4 properties among which one is a home I live. I feel managing equity is straight forward and no nonsense.
All the best for your investments. Hire a good CFP or an MFD for MF but don't look up at internet for advice. Most of these anonymous people don't know the ABC of finance.
overthinker
Student
a year ago
OMG! What do you do for a living? Company, Profile, CTC?
IT. Personal finance is my passion so I am also an insurance advisor, certified mutual fund distributor and income tax consultant. My current CTC is 32 lakh PA. Working in a service based company. It's not the CTC but it was how we invest that helps grow wealth.
overthinker
Student
a year ago
What’s your company and profile that you earn 30L after 2 years?
You can also start sip in Mirae Faang, Navi nasdaq, SBI blue-chip funds.
100rabji
Student
a year ago
Never Do SIP in a liquid fund, It equivalent to zero. I think you just did it for sake of Safety, but it will not grow
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