GoofyHamster

Feeling a little happy today

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

9mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

SnoozyNarwhal

PhonePe9mo

How do you plan to spend it?

GoofyHamster

InMobi9mo

I spend on myself primarily for travel and gaming, fitness and healthy food. Don't really need too many material. This is after all my spends

SnoozyNarwhal

PhonePe9mo

Looks like you're on the golden path. Wish you all the best 👍

BouncyDonut

Stealth9mo

Congratulations! You are doing well. Keep going!

GigglySushi

Stealth9mo

What is your fixed pay?

GoofyHamster

InMobi9mo

Current is around 1cr per annum but that's fairly recent. Prior to this it was much much lower

FluffyCupcake

Amazon9mo

Any reason for increasing stock allocation? Also, how good you are at stocks research, picking ?

GoofyHamster

InMobi9mo

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