Thoughts?

Hi folks, Wanted to know how much you guys have lost in Mutual Funds over your investing span? Saw loads of stories of upsides however would love to hear how risky these could be just to keep myself calm and composed incase such a correction happens.

What is your preferred approach for safe keeping your savings? How much would you allocate for emergency fund? How much would you allocate for investment (shares/mutual funds/ gold/ bonds)? How much would you allocate for dead assets (property/ land)?

Anyone here who likes the challenge of going almost broke at starting of the month? After payment of rent, bills and most bigger expenses, I hardly keep 10K with me. I have credit card for any unforseen expenses however I keep my debit line free of any incoming expense. Anyone here who does the same?

I am 30M with 2 cr in savings (across portfolio, no RE, all liquid) If I keep up with this rate I will hit 8cr (~1M USD) by 2027. I am living with my parents, married, no kids yet. Want to move out. Should I buy a house (purely consumption) now or should I wait 4-5 more years get more savings (hit my 8cr target) and buy then? If so, I would be renting out for the next 4 years and assume I would also have a kid by then. What are you thoughts? Also buying city would be Chandigarh Tricity ( keen on Panchukula) If any of the folks here have knowledge about the property rate there that would be great.

I started my career as a humble analyst in a tech company, worked my way into finance and venture capital and eventually am heading to a top tier bschool in USA, where I will be paying what it costs to go to an ISB/IIM yearly. We have the Warikoos, and countless others breaking down personal finance and urging people to save. I have mostly done the opposite - i.e., spend liberally but not be profligate. Here’s my view. We are a poor country. If you find yourself in a place with the resources to spend more than the average person you’ve grown up around, please do! Spend on what makes you happy, pushes you, drives you, and allows you to step change your life. Security can be achieved with a good insurance plan and decent emergency funds. Beyond that, please spend on experiences that make you a better person, give you access to better people and enrich your life. Eventually time is the most finite commodity we’ll have. We have 1000s of podcasts on savings, mutual funds, ETFs etc. Does anyone talk about spending effectively to enrich your experience? No. I am pointing to a larger theme of a scarcity mindset that indians have, because we have grown up in a low-middle income country. It’s where we come from, but that doesn’t mean we cannot experience abundance. Life is short, don’t listen to people making money off you watching their personal finance videos.

Hey everyone, With the current state of the economy, I'm wondering how working tech professionals are preparing for a possible recession. What are you doing to save money or make sure you're still employed? Thanks in advance!

We've witnessed so many layoffs in the past year and this continues to be an upward trend. Bangalore is a city of IT professionals and these layoffs seem to have no effect on the real estate. Is this because the numbers are negligent? I don't think that's the case, my company has been laying off people since last year. It was never public. I'm sure there are lots of such companies. What are your thoughts?!

Let’s make this thread for savings related discussion: Age: CTC: Total savings: Asset (if any): For example, Age: 28 yrs Male CTC: 35 LPA Total Savings: 45 Lakhs Asset: 2 BHK in Bangalore Share yours!

Hey folks, I'm a recent graduate, got a job at a startup and the base will be <15, >10. Shifted to Bangalore (more like returning after 6 years, lived for 4 years before that). Since I'll be starting my full time journey soon, I want to know how you guys split your take home salary into needs, wants, luxury, savings, investing etc. Currently, I'm in a rented flat in HSR (my split is 7k) and will rent out/buy some home appliances. Food would be around 10k a month (no maid, all outside). I just want to know your experiences on spending and handling money. Not that I'm bad at it, but this is the start of my journey and I would like to know how other people manage their money, so I'd know if I have to tweak some things. Do tell any strict DOs/DONTs, common mistakes.