I have 25 lakhs in my account
I have been working professionally working from the last 3 years as a software engineer and I have 25 in my savings account, I have never invested my money before but it feels like a serious mistake on my end. I am looking for advice how should i split this money and invest in various streams i am ready to Invest 95% of it
What's your current ctc?
30, 25 base
Oh yeah and i am doing wfh for 3 years
In same situation
- I put 20 lakhs into debt mf and started an stp to a index fund every week of 10000.
- Started SIPs in large cap, mid cap and small cap funds
- did a monthly sip to goldbees via small case
How much do you make every month bro?
Bang on.
Btw, why Goldbees via Smallcase and not directly? @JealousMix70
Buy individual life, accident and health insurance. If you are rich, life/accident insurance is not required but health insurance is still recommended. Keep some funds for any emergency purposes. Invest Remaining in mutual funds based on your time line and goals.
I have both term and health thanks
I recently enrolled in 1% club try it out it will help you with personal finances
There is enough free knowledge available on youtube. You need not make these finfluencers rich.