People advice you should not keep too much money in your bank account, bank account interests does not beat inflation, so invest all money in some safe space that gives at least 8 percent interest rate on your money.
On the other hand I feel liquidity gives you a state of luxury and satisfaction that you have this much money at disposal right way, which also leads to unnecessary expenses..
What’s your take on this ?
Have you seen the recent news saying someone lost several lakhs of rupees due to a otp scam/upi scam ? If you ever fall for such scam, you will loose a lot of money
Good point!!
How do you distribute your savings then
There are super saver accounts. If you’ve amount > X, it automatically creates FD. The moment balance goes below X, it start liquidating FDs. Best for ego & returns.
Best for ego and returns , lol !
Bhai startup me dal de :)
On serious note, try debt fund, mfs or p2p lendinh ( 33% in each )
Will check about debt funds, mutual funds I am already putting in, don’t want to bet that heavy on MFs to put everything in, P2P lending is not my game, risky stuff !
Liquidity is like aloo in biryani, necessary but not too much. Invest wisely, let your money work harder than you. Jaisa desh, waisa bhesh.
If liquidity is like Aloo in Biryani , I am emptying my bank account right now :)
As u guys know only 5L is insured, I want to know how much you’re comfortable keeping in account? Maybe someone’s living expense could be 10L a year and they are okay with keeping that as emergency fund liquid, just an instance. But give...
Hi all , I have some 10 lacs of savings which I don't want to keep idle in the bank for obvious reasons, I need suggestions on where I can invest for the next couple of years with Medium risk involved. TIA.
Hi all,
This is in response to a survey I found on the app, where people voted mostly on reducing Tenure by prepaying their home loans.
As someone who works in lending myself, and in the light of the funding winter extending a few more...
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.
Just met a dear friend with 10+ yoe and earning 33L per anam.
He doesn't want to get promoted or salary hike as he is getting enough as per need and wants to have good WLB. He is accumulating a 3cr corpus and planning to retire in 10...
That dude has understood life, i’m 25 will do the same