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SnoozyBurrito
SnoozyBurrito
Accolite

Investment advice needed

What's the safest way of investing your money? I have tried the stock market but it's risky. Is investing in gold a better alternative?

24mo ago
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SnoozyUnicorn
SnoozyUnicorn
Student24mo

Start an SIP of 20% ur monthly income on any good large cap equity mutual fund. My suggestion would be Parag Parikh flexi cap fund, but anything else is also fine.

SnoozyBurrito
SnoozyBurrito
Accolite24mo

Thanks for suggestions!!!

FloatingUnicorn
FloatingUnicorn
Stealth24mo

Hey I just started sip 5 k in parakh praikh mutual fund. Is this a good strategy. And how are flexi cap different to others.?

ZoomyNarwhal
ZoomyNarwhal
Stealth24mo

There's a method to this madness. Start by SIPs in mutual funds. Spend time learning the fundamentals of investing in the meantime. 3-5 years later watch your corpus compound , once you are more wiser, then start picking stocks. Alternatively, get an advisor if you have the capital now

SnoozyBurrito
SnoozyBurrito
Accolite24mo

What about gold investment?

PeppyMarshmallow
PeppyMarshmallow
Stealth24mo

Use gold as a hedge against inflation and for diversification

DerpyWaffle
DerpyWaffle
Airtel24mo

If you need recommendations on mutual funds, please connect. I am AMFI registered mutual fund advisor.

Can help with fund selection, ensuring discipline and meet financial goals for long term.

SnoozyBurrito
SnoozyBurrito
Accolite24mo

Sure

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