Where and how much are you saving/ investing per month?

For me, I don't have a monthly investing plan, but I save roughly 80-90K monthly. Only invest in MFs & PPF. Generally invest 1-3 times a year whenever market falls by a lot. Last 2 investments were during Mar2023 and Oct2023.

I get around 4.4L monthly and I have two rental properties which give me 1.1 L monthly. One is a fully furnished 3BHK in BlR and the other is an independent house outside BLR given as AirBnB. My other monthly expenses are below HL emi - 80k Household - 40k Fuel- 10k Parents- 25k Entertainment- 5-6k Food and Drinks- 6-8k Kids education- 24k Travel fund - 20k it is kept in a joint account. Food, drink, entertainment and travel I don’t eat, drink or party outside too much. Mostly eat home cooked food. I watch 1-2 movies with family and also don’t travel much these days. Shopping I also don’t shop extensively and usually buy daily wear from Amazon or decathlon brand clothes, it’s cheap and good. I do a good 3-4 festive shoppings per year for everyone in the family. Gadgets I don’t have craze for new gadgets, still using iPhone 11 Pro and previously used iPhone 6 for almost 5-6 years. Vehicle No plans to upgrade my cars, I have two of them and one is more than 10 years old and the second is 5 years old. So that’s pretty much it @majboormajdoor :)

That’s absolutely file bhai, it’s important to start small and try reducing your unnecessary expenses, like gadgets, new tech, vehicles, eating out and parties. I’m not saying you should not have these but, assess your outflow for few months and try reducing the not so important expenses.Also gradually increase your monthly savings. Apneliye kanjoos ki tarah jeena teek hai bhai 😅

@Misc_ I do 5 SIPs 1. Pagrag Parikh Flexi cap 20k 2. Axis small cap - 5k 3. Axis Bluechip -10k 4. Quant – 15k 5. Kotak Emerging Equity- 10k I am planning to shift from Axis to something else. Motilal Oswal recently launched a new Small cap fund, I am planning to swing my Axis portfolio to that. Also, ICICI Bharat 22 fund seems promising, I may invest a bit in that as well, I have 2 Smallcase subscriptions Gulaq Gear 6 and Tare Zameen Par roughly 35k pm. I also invest in good Indian companies as well, some of my top gainers are HDFC bank (24% now) it's in a good zone now as well, Tata Motors (190%), Bajaj Hind sugar (112%) Zomato (120%), ITC (123%), and so on. On Vested I usually buy US tech stocks, Shopify, Meta, NVida, Apple, MS are my top gainers. Hope this helps, Please do some personal research before investing.

@YellowTooth thanks for such detailed answer, it will be very helpful.

@CrawlingDog I have one home loan EMI going on with a roughly 26L balance. I bought a used small 3bhk (972sft) for about 34L back in 2012. I had saved some money (~5L) and also got 8L from family and siblings, even though I never asked them, the rest was a housing loan. in 2015 I sold that property for 45L settled the previous loan, and bought an apartment in a good society for 78L (with a 20L down payment and 58L loan) I booked the flat when they launched the project (so got it for the best rate) And waited for ~1.5 years for completion. Meantime I bought a small piece of land in a tier 3 city for 12L. I changed jobs in between, got promoted, and got some handsome money and joining benefits. I sold that land in 2018 for about 19L and bought a really good house for 36L in the same city, it was a newly built house and the owner moved abroad. I pledged some gold and took an agri gold loan, for 4% interest and settled that in 2022. I usually use the bonus amount either for reinvesting or foreclosing any existing loans. It's not easy but can be done if you're handling your money diligently. Hope this helps.

@YellowTooth thanks for the deta iled explanation. I am a little confused about using agro gold loan for repayment of home loan. Is this acceptable from bank's perspective

74 fixed plus 20% variable.

YOE?

+1

Thanks brother! Few recommendations. 1. Work really hard in your early days 2. Start investing from your first pay check 3. Never take loan to invest, especially in stock market 4. Ask for pay rise, periodically, for that you must prove your worth, else switch jobs 5. Up skill and keep working on your craft, ie keep learning always 6. Look for good opportunities to invest 7. Real estate is good but avoid overpriced properties 8. You are the master of your financial journey, so don’t simply believe in everything you read or watch, take things with a grain of salt, make your own choices.

Wow, that’s amazing 🤩

Can you list some of your mutual funds.

Thanks a lot @RyanTheTemp glad that you liked it! Never expected so many responses!!! xD

I was about to ask. What's your age @YellowTooth ?

@Meteor007 I am 40+ guys. xD

Impressive!

How do u manage to rebalance the amount in equity & debt ratio when investing in index funds?

It's good to see someone with whom I can relate in terms of amount. I felt a bit low after I saw everyone having savings/investments almost double or triple to my month's salary. Glad there are people like me😁

@Randomization good, which broker are you using for S&P 500? Or are you referring to MF?

@Micheal_Scott Start small and try to increase your contributions.

Never mind brother! After all we all are humans 🙌😉. IMO, Small to Mid caps can potentially give you more returns at currency market conditions.

I am partner in finance advisory firm , specifically curating investment for millennials and genz

which one?

Thanks a bunch @SuperJoJo! Please share your investment journey so far. 😊

🙌

Very good 👍, keep up the good work!

Very good, wish you good luck with your investment journey!! 🙌

@ObviousNun86 Thank you! 🙏🙏 1. My NW is around 11 Cr now and this doesn't include our combined hereditary RE worth around 7Cr, both of us put together have 1.5 hectares of land. NW wrt YoE– I personally have started investing really small (like 3-4k pm) back 13 years. I started with a take home just 20k. Back then I had a really small portfolio (I feel I still do :P) and I bought some not-so-expensive REs. Fortunately, I have got a few very good promotions (like ~130%) and I also have changed my jobs a few times with some good financial jumps (like ~70%). Whatever lumpsum I got, I kept them invested, mostly in RE (like 50%), MF, and stocks. In between my partner has a really profitable business and we kept the money also invested. 2. Returns – my entire MF/ stock portfolio shrunk during Covid but with some saved funds I kept buying in large volumes, which gave me crazy returns. Similar stories for 2013, and 2016, 2022 times as well. Right now also, I am expecting around 20% correction in the market and I have an opportunity fund to buy my shortlisted stocks. :) 3. RE as an investment in BLR now– I feel the property prices have exploded and finding a good property that gives decent (more than bank FD) returns is really hard. However, if you have time and energy to hunt for good properties, you still can make some money. You could also buy an old (less than 5 yrs) property as well, and you can save a lot of money on interiors, furniture, etc. I am not a big believer in buying overpriced REs, by overpriced, I mean apartments worth more than 2cr. In my experience, it is hard to sell big-budget properties. But if you are buying to live in the property, then these things don't matter, as it's hard to measure the emotional attachments, happiness, family time, etc with money. So that's all, hope this helps you in some way in your financial journey.

Thank you so much for taking the time out to answer it in such a detailed manner. This is definitely very helpful and kudos to you on your journey man…🙏 I’m a bit heavy on the equity side and wanted to see if this bull run will continue or should I temper my expectations(have been getting around 20% returns for nearly 5 years now). As they say making the first crore is the most difficult. Trying to get there in the next 5-6 years and then diversify into RE. Will definitely keep the points mentioned in mind.

@dreamrunner Quant Small cap - Direct