How do you invest your salary?
It's been close to a year since I am earning a salary and this is what I do:
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Invest a little less than 30% straight into MFs. I have three ongoing SIPs- small cap, flexicap and a Large + Midcap fund. (Planning to increase the amount further into these and not start a new sip)
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Max out 80C by putting the entire limit in PPF, this is on top of what is by default deposited into EPF.
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A little (inconsistently) into direct stocks as and when I find or get to know about a decent trade opportunity.
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An LIC ULIP plan that my father made me subscribe to 🙂 (hopefully will end in a couple more years)
Tips from experienced folks will be much appreciated.😄
Yaar LIC ka batana. I'm being hoarded by someone I know for it. Reddit says it's a dog shit deal. But I'm still undecided.
Following the 50-30-20 rule for 5 years now.
Started with a salary of 6LPA fixed. Now at 25LPA.
Investing 30% for retirement. 20% for big purchases and using 50% for daily expenses, whatever is remaining from the 50% gets reinvested in the 20% segment.
30% goes to a mutual fund SIP.
20% goes to a RD. RD duration 9 to 24 months. Depending on my wants.
Rebalancing both segments every time I get a raise in my salary.
This simple approach has been really helpful in creating a 12 months emergency fund and 20+ lacs in my retirement fund.
Thanks for sharing!😄
I have term insurance of 3cr and health insurance of 5lacs. An insurance for my parents 20lacs. All this expense comes around to 14k per month, after which I do 50-30-20 split.
I do the same. Invest 50% in MF(Flexi cap and Index funds) and remaining in 80C instruments here and there. Tip - Make sure you have a 6Month Emergency Fund, Health and Term Insurance before starting your investment journey.
Real estate/Nifty bees Real estate/Nifty bees Real estate/Nifty bees Real estate/Nifty bees Real estate/Nifty bees Real estate/Nifty bees
I repeat
Real estate/Nifty bees Real estate/Nifty bees Real estate/Nifty bees Real estate/Nifty bees Real estate/Nifty bees Real estate/Nifty bees Real estate/Nifty bees
Logic : Most funds don't beat Index, India is emerging economy with highest growth rate on such a large base, Industrialisation leads to appreciation of property(land land land land....I repeat land land land) price
Do you mean land land or real estate(flat/apartment etc) is also included
Try small and mid cap funds. Never buy large cap via MFs. You can easily figure out top 30 companies to invest in out of 100. Invest directly into those via SIPs.
Why would you pay MF houses 1% to invest in HDFC Bank, LT, Bajaj Finance, etc?