Finally hit 1 cr in savings and investments today after 7 years of work. I know it's not a large amount but it's the best I could do while supporting my brother's education and managing my family (dad is no more). Goal is to increase by .5-1 cr yearly now.
Portfolio split- MFs- 65 lakh Stocks- 28 lakh FDs and savings in banks- 7.5 lakh Forex- 3 lakh
Total- approx 1 cr
What I'm working towards- increasing investments in stocks to make it almost 50:50 between shares and stocks and also adding more gold and forex to the portfolio. No real estate in the next 2 year horizon
Congratulations! You are doing well. Keep going!
Any reason for increasing stock allocation? Also, how good you are at stocks research, picking ?
Have seen higher returns on stocks vs MFs for some of the picks I did more research on.
I typically analyse sectors I feel will grow (have worked across industries globally so I have a fair idea of what will do better in the areas i have expertise in). Other than that some are no brainer monopolies like irctc etc
Congratulations!
How much do you plan to accumulate to retire and at what age? What kind of monthly income will let you retire peacefully?
Dimag kharab hogaya thread padhke.
I can retire once my investments and savings are worth 8Cr
Will retire with 10 cr with house paid off.
Mention your total investments (Stocks, MFs, FDs, Cryptos, real-estate, gold etc) and your total net worth (investment assets' current value + hard cash + bank account balance) and also your age.
PS: Don't include paper money / ESOPs ...
I have been investing for almost 2 years now and have successfully saved >₹10L. 50% is in straight up equity, 25% in MF (equity) and 15% is in gold (bonds and tablets) and the rest is Liquid Cash.
I don't know the way forward now, do I ...
