People with 50L+ net worth, how do you manage all your investments, savings and loans?
People who "Get advise and pay for it" Whome do you consult (CA or who) and how much do you pay for each consultation/commission basis?
Have hired a financial planning and advisory services company. Two models prevalent in industry. RIAs who charged percentage of corpus to manage. Usually 1 percent is industry standard. MFDs who give earn through regular codes instead of direct for advice.
To start with, you could go for a fee only financial planner to understand if it works for you.
Do not go with CAs (incompetent) or bank RMs (huge misselling) for advice whatsoever.
+1 I’m from the financial services industry and I know your incentives are misaligned with most distributors. So it’s a tough thing.
On the other hand Indians don’t like subscription fees / pay for advice. Wondering if high net worth / high income people will be willing to pay.
Index fund lol. I am in Dezerv and jiraaf & have probably done individual (angel) investments In a few companies. Nothing beats index funds
Which index? Nifty50, or MidCaps, or Banking based, or which else
Nifty fifty. I’m also not a very aggressive guy. For the first 2 years of my career, I only bought gold from whatever little I could save.
One more thing to note is that I don’t come from a financially savvy family which has a history of making money. And even I’ve just made it thru the cut recently. Maybe my views will change with time.
I keep it simple - index fund, real estate, emergency funds. Allocate percentage as per age and other factors.
I’m a quant so the money is basically traded automatically. Also a lot of early stage startup investments as an angel and through my VC. Rest all in on buying equity from co-founders and employees in the startups that I’m building.
Mention your total investments (Stocks, MFs, FDs, Cryptos, real-estate, gold etc) and your total net worth (investment assets' current value + hard cash + bank account balance) and also your age.
PS: Don't include paper money / ESOPs ...
I don’t have much knowledge about investing, for now i have following investments
With 25k a month as investible corpus, Nifty 50 MF or ETF is your best bet. Don’t jump onto stocks unless you ha...
Hello everyone,
I'm Sandeep, the co-founder of Dezerv. We're an investment management platform helping affluent Indians invest better.
Prior to Dezerv, I was a Sr. Managing Partner & Head of IIFL-One, and in all have over 15 year...
Hey Sandeep, are you hiring SDE-1? I would like to work with you.
