I'm 37, and all my money's in FDs. Just realized that this isn't great against inflation. Was planning to invest in property but never did. I'm married, no kids, both in IT. Need advice for wealth creation now. Any tips would be very useful!
FD is fine I feel. Property and assets may also not beat inflation. I feel the whole wealth creation bit is flawed. If too many people become rich then inflation will make sure that isn't the case.
So simple and sanest advice is to diversify and then keep piling up in assets that work for you be it property, stocks, gold etc.
No FDs! Invest ,💯. Without timing the market just keep regular with SIPs and you'll create more wealth. If you are apprehensive of the market, consider debt funds or liquid funds...they perform the same as FDs without the lock in periods and high penalties
What do u wanna hear
I have been working in the IT industry for around 14 years, and as a result, I have built up my savings without any debts. My current monthly income is ₹1.7 lakhs. I work from home and have minimal expenses, as my parents cover most of m...
Suggestion is to get married lol. Jk:)
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 opti...
I’m ready to invest 1L per month. My investment breakup is 30% (₹30000)in stocks (mostly targeting on dividend yield) 20% (₹20000)in Gold 50% (₹50000)in MF -> 30% (₹15000)of this in large cap -> 20% (₹10000)of this in Index fund ...
