AnonymousMystery

Investment help

Hello community,

Need help in the decision-making of the money that I have in my bank. Currently, I have around 13lakhs in my bank account. I dont know what to do with that money. I dont feel safe in stocks and dont know any other options where to invest money. Help would be genuinely appreciated 🙏. Thank you

Age - 24.

9mo ago

FindingHorses

Stealth9mo

Invest in index funds.

AnonymousMystery

Salesforce9mo

Thanks for the suggestion. Any platform that is good for it?

N00b

Møller-Maersk9mo

Most of them are good
I personally use Zerodha. Also I would recommend taking a quick look into detail about MF on yt. Channels like labour law advisor would help you.

If you are in job I would also suggest going as

Emergency Fund (FD)
Insurance (health and life)
Investments ( MF, SGB, Stonks)
Retirement fund (NPS)

BeardedDaydreamer

TCS9mo

Firstly you're 24 and have 13L in the bank? Pray tell what you do for a living.

Secondly, Get a Financial advisor. Split your investments into Emergency funds and 13L-(Emergency Funds). Get the Fin Advisor to do a through analysis and identify 4-5 actively managed MFs with high risk, and invest in them. The MFs will yeild good returns by the time you're 30. Else try smallcase.

AnonymousMystery

Salesforce9mo

Will surely do this.
About income i am an SDE

eleCtrik

SAP9mo

You accumulated all of your joining bonus or something?

MickieMouse

Deloitte9mo

Invest 10l in FD and play around 3L in MF or index funds

eleCtrik

SAP9mo

Isn't that too much in FD?

MickieMouse

Deloitte9mo

As he is not comfortable with stocks. Many might suggest Mutual fund, but again there are so many ways it can go wrong. Max to max he might get some 3-5% more returns that too if he is right. So safest is FD.

AGentleGiant

Tatvasoft9mo

Talk to a proper wealth advisor / read up on wealth management and start planning for your future goals from early age. FD (emergency fund), MF (medium risk long term wealth creation), stocks (high risk returns creation), gold (very long term generational wealth creation) and real estate (need based) are the most common investment avenues. Some people consider insurance as an investment but I don’t so not mentioning here.

AnonymousMystery

Salesforce9mo

Sure thanks

AnonymousBuddy

Others9mo

If you want some liquidity, you could invest in liquid Mutual funds with very low risk and better return than bank rate. In case you want to lock in the money for a longer term, you can for FDs.

Also, why are you afraid of stocks?

AnonymousMystery

Salesforce9mo

Thanks for the suggestion. I am afraid because the idea that the stockbroker can run away has got me a little speculative.

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How much wealth have you created yourself?

Real estate (invested value)
Liquid cash
Other Investments (invested value)

The wealth should not be inherited.

I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

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Seeing the comment section,I realise I am broke.

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