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!
If I can do it anyone can. being a women and reaching this seems an accomplishment started with 5000 rs salary no one had faith I could do this.
Wow 🎉🎉 Just curious what was the period and what do you do ?
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.
The wealth should not be inherited.
I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.
Seeing the comment section,I realise I am broke.
How do you plan or diversify your investments if you have 1 crore rupees?
Please suggest 🙏
The power of compounding really works! Started with a meagre salary of 4L/annum in 2018. But made sure to SIP 5K every month in Mutual Funds, and kept on increasing with career progression. This could’ve been more but I wasn’t able to ...
