What should I do with my money
Every month my salary gets credited I barely spend 20% of it the rest of it is just sitting around in my bank account it's already above 5L. I keep thinking of investing it in stocks/mf but it's a lot of work 😔 What do you guys do with your salary, it would be great if you can share your investment strategy and how do you keep yourself motivated to stick to it
I appreciate your advice but pls don't give this to anyone else. If you've your money in these sh*tty p2p scams take it out asap
Can I explain?
I did very basic research and found P2P fine as it's approved and regulated by RBi.
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Brutallyhonest
Stealth
10 months ago
Hookers and Coke, go enjoy life
FindingHorses
Stealth
10 months ago
I invest in Mutual funds around 80% of my salary, rest expenses have been doing this since 2015
FindingHorses
Stealth
10 months ago
Thanks to my brother initially he advised me how to invest. I was a noob. Now i enjoy learning and doing it myself
Start with index funds they at least beat inflation, keeping money in bank is no use
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1. Sip in Mutual funds - at least 10-20% of salary
2. PPF if not invested in lump sum during start of FY
3. Invest in stocks regularly - at least 10-20% of salary
4. Autosweep FD
5. Experiment with some new investment modes like ETF, bonds etc
CalmTart11
Stealth
10 months ago
You can try smallcases.
They are somewhat the best of stocks and MFs.
Personally I find smallcases easy to understand while investing in aggressive strategies in comparison to MFs.
You just need to find 2 smallcases or MFs. One that's highly volatile or aggressive, like smallcap funds or smallcap smallcases. And 2nd can be nifty or index linked fund, something like equity and gold smallcase or all weather investing smallcase or niftybees etf.
Split your investment amount in 30-70% or whatever you can afford as per your appetite.
In which smallcase have you invested and what is the xirr you are getting? Also since when you have invested?
CalmTart11
Stealth
10 months ago
4 smallcases by windmill capital
1. Value and momentum, 45%, 2yrs
2. Canslim, 34%, 20 months
3. Quality smallcap smart beta, 30%, 19months
4. Equity and gold, 14%, 3 yrs
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Mutual Fund SIP, just choose 3 good MFs and configure an auto-deduct SIP with your Bank Account.
Already investing in ELSS but need something adventurous like investment in stocks. The issue is I barely get any time during week days for investment and research and on the weekend stock market is closed 😔
FindingHorses
Stealth
10 months ago
You don't need stock market to be open to understand companies in the end it's all about understanding the business
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I personally don’t have the time or knowledge to invest in stocks. I go for mutual funds. Did some research, attended few financial management courses to understand the basics.
Firstly, you need to keep (monthly_needs * 4) amount in your bank account. Could be *6, depending on your job security. You can invest 70% of this into an FD or somewhere you can easily redeem without hassle.
Rest of it, you can invest in MF. Start slow, like 500 or 1k per month. Do a mock try for 6 months. But before investing, please learn about different MF- large cap, mid cap, hybrid, debt MF etc. then pick the less risky ones for your trail. You’ll learn different things while investing. Once you again enough knowledge, then slowly amp it up.
It’s a PITA process, but trust me, worth it.
itachiuchiha
Stealth
10 months ago
Start with an emergency fund, put that amount in a MF scheme from where you can quickly withdraw.
Post that you can start an SIP
Won't recommend putting your emergency funds in a MF scheme. The idea of emergency funds is to have it available in case of an emergency.
Not to mention, any MF scheme carries a risk and volatility greater than you'd find in your bank account. Keep your emergency funds separate from investments!!!!!
I think instead of taking advice from random people from the internet, try to learn it on your own, it is a great thing to take charge of your financial well being. Attaching a few channels that I followed to learn
1. Yadnya Investment Academy
2. CA Rachna Ranade
3. LLA ( for tax related purposes)
DesignTinker
Stealth
10 months ago
Start a SIP with an Index and a Small/Mid cap mutual fund. See your money grow exponentially in next 3 years.
What is the best investing guide for beginners? I'm in the same boat as OP, want to start investing but just peeking a look into this investing rabbit hole makes me dizzy, it feels like there's so much to learn...
Jyada tension mat lo, bulk buy nifty mf or etf and 20% bank FD, minimal work.
When you've enough money to be eligible for PMS, just get the service form any decent company,
I'm planning to do this only.
Don't get enticed into N different satrangi investment avenues/apps, not a good use of money.
I've personally majority in equity and 1lkh FD,
sailed through covid massacre only the dumb decisions in fear realised losses for folks during that cycle, form safety pov it's better than p2p lending, invoice discounting, corporate bonds, reits, crypto, hybrid funds
Even if you pay to financial advisor they'll likely suggest, mix of fd, mf, physical gold. In 2021 paid 5000₹ to 1 such advisor just to listen what I've been doing in more jargon and fancy claims.
Whatsinthename
Stealth
10 months ago
It depends but I hope the below can help:
1. Buy medical insurance (including parents)
2. Buy term insurance
3. 5 Lakhs - Make an FD @7-8% (this can be an emergency fund , ensure you make 5 FD's of 1 Lakh each as this will give liquidity)
4. Monthly savings -
70% Mutual funds (UTI 50, Next 50 are good index funds, ELSS if you also want tax savings)
30% in SGB and fixed deposits as debt.
n00b
Stealth
10 months ago
Survive
hellloworld
Stealth
10 months ago
1st world problems of tech world 🤦♂️🤦♂️🤦♂️
Tax badhao madam ji inka
If you focus on increasing your salary rather than optimising your trades to beat the market, with the same amount of time invested, you will easily outearn somone focused on their investments rather than advancing their career.
It is way easier to outearn and outinvest the market than to beat the long term returns of any diversified MF portfolio
I am already out earning most of the people with same experience, only quant roles pay more than what I am getting not worth the extra effort i think
Just park your money in MFs and create a basic SIP with exposure to small cap, mid cap and blue chip funds. Don't worry about optimising in the profit in the first few years, take the delta is the returns you get and the returns you could have gotten as the cost of learning.
You only have 24H in a day, and cannot pay someone to have fun on your behalf, so use your time well rather than extending the number on a high score meter that you anyway don't know when you would cash in on.
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pronoob
Stealth
10 months ago
Looking for some genuine advice 🙏
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