by ZestyNoodleProduct Designer
how to invest
i have around 80k in savings rn, how much of that should i keep liquid and how much should i invest, also where to invest?
my current salary is around 80k as well
WobblyBanana
Best way to keep liquid funds.
I wish to create an emergency fund for my 6 months expenses. Let's say around 3 lacs. Should I opt for FD or some savings account with a high interest rate?
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JumpyPretzel
Stealth3mo
FD- You can always create 6 FD of 50K each, so that you can break a few without affecting other, if you need some amount. Keep it simple.
WobblyBanana
Thanks!
GroovyWaffle
Freelancer2mo
Go for liquid fund they have facility withdraw 50k instantly with 7% rate. Even if you keep money as short as 10 days
DancingBoba
Stealth2mo
There's Money Market funds that give you 6-8% pre-tax interest with an easy liquidity option. You can consider those. Cheers!
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by DizzyJellybeanLicious
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I am thinking of 50% of lump sum invest in FD and 50% of lump sum in liquid funds.
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