FluffyNugget
FluffyNugget

Do you cash in ur investments often?

I see most of the people have over 60% of their net-worth in some kind of a financial instrument. So do you plan to just take out the investment after some milestone to use it? Like how do u rotate from investment to liquid - on what condition or how often? Like people advice to keep emergency funds worth in bank account but what about sudden big purchases, bills or so? Do u then just sell off the investment and wait for the money to hit ur bank and then proceed with the thing ?

15mo ago
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WobblyNoodle
WobblyNoodle
InMobi15mo

I keep a sweep in account where if balance goes over a particular threshold amount, it automatically adds into small FDs.
This gives me better returns than just keeping money in savings account. And it also reduces uncertainty which come while cashing out investment.

Apart from this I have a long term corpus (around 1.2 cr as of now) which is invested in low risk instruments like PPF, Index funds, FDs, Blue-chip stocks, GSecs which I would not touch for next 15 years.

The only investment I cash out is the ones which I invest in small/micro cap stocks or futures/crypto trading. I don't keep big amount (at max 15-20 lakhs) in these investments.

FluffyNugget
FluffyNugget
Plivo15mo

Oh boy Crore. I guess good info for my future self. Afaik sweep in account adds a lot of headache for ITR but looks like a good middle ground. Did u face any issue with it yet?

WobblyNoodle
WobblyNoodle
InMobi15mo

Haven't faced any issues in ITR. Taxation works just like FDs.

SwirlyTaco
SwirlyTaco

What you described is almost near how it works.

< 5 year time horizon to spend - move to debt

5 year time horizon to spend - keep in equity

Liquidating debt to spend is a T+1 activity.

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