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 my living costs. My monthly expenses are typically around ₹15,000 to ₹20,000 for petrol, food, and some shopping.
breakdown of my monthly investments:
• Mutual Funds: ₹15,000 • Gold: ₹30,000 (physical) • Stocks: ₹10,000 • SBI Smart Platina Life Insurance: ₹31,000 • LIC: ₹3,000 • NPS: ₹5,000 • Tax-Saving FD: ₹10,000
In addition to these investments, I maintain an emergency fund of ₹5 lakhs.
At 36 years old and unmarried, I’m looking for advice on whether I’m on the right track with my investments. I would also like to know how I can further enhance my investment strategy. Additionally, I have deposited ₹10 lakhs each in my parents’ fixed deposits and have settled all family responsibilities.
Any insights would be greatly appreciated😇😇😇
Suggestion is to get married lol. Jk:)
Girl which app is it? Also aren't you scared of nazar 🥺
This is IND money..
Nazar ? No way, Actually there are people in this platform with 5x more investments than me
I have more networth at 5yoe, so nazar to nahi lagegi, chill.
Stop SBI and LIC and instead buy a term insurance from Private players, and invest remaining amount into MF, try to increase MF contribution upto 50k. Avoid physical gold, buy SGB from secondary market instead.
Sure, started 50k in mf .. but SBI is like assured return of 5.5 interest with lock in period of 15 years.. i paid 20l already, have 2 more pending which is 8L, and by 2035 i get 50L.. do you suggest to surrender? Tbh, i invested in all these just because my relatives are agnets in these😌 with no knowledge
Yea, I was in similar situation where my relative influenced my parents and had to start something similar. Finally, I surrendered and got out of it. Try to reach to their customer care and find out about the surrender value, and even if you get 5% less than your invested value, I suggest take it and put it in MF and by 2035, even with 12% MF return, you will get around 1 cr.
At 36, you only have 84 lacs. What?? Narayana Murthy isn't inspiring you much?? You should double your working hours? 70 hrs a week would be a good idea to start.
Bro, just one request:
Please take a moment to read all the comments in this post, then come back and read your own. How do you feel about it?
How mean of you! Not everyone’s life is the same, bro. Life can turn upside down for anyone at any time. Mocking others is easy, but at least try to show some empathy. If you can’t be positive, the least you can do is not mock others.
The real question is whether I’m on the right track or not. People have been so kind—they took the time to analyze my portfolio and gave me thoughtful suggestions, which were incredibly helpful. Yet, here you are, making fun of someone’s situation. Do you genuinely feel like you’ve achieved something by doing that?
I won’t pull you down, as I don’t want to disrespect those who made an effort to offer their valuable advice. Just take a look at how kind people have been—compare their comments with yours and reflect on it
@MrWane is right. please start working 70hrs atleast and stop flexing here.
Advice:- 1.) Diversify your portfolio, invest in stock/mutual funds, reduce gold investment. 2.) buy physical properties also. 3.) “36 years and unmarried” change this status.
thanks. please don’t reply with 100 lines.
You are 36 and not married, maybe focus more on enjoying life if you prefer to stay single as there's no point in just minting money or focus of making a happy family 1st as they'll remember you more than your portfolio.
Sure, all these savings are after COVID and when work from home started. I am kind of an extreme extrovert and didn’t even have a 20 lakh net worth before COVID. I see a lot of Vine posts saying things like “26 years, 5 crore net worth,” and here I am at 36 with 14 years of experience and just around 85 lakhs.
You are right; there is no point in minting money, but that does not mean we will pass away in a few years. We do have a normal life as married people, and being in this uncertain IT industry, at least I should ensure I can maintain the same lifestyle as my current one until I die. All these saving habits came from seeing the hospital expenses of friends and relatives during COVID. Yes, the investments and savings are not compromising my joy. After seeing all these youngsters, I feel like I need to cut my expenses.
Need some clarification on 2 things. Why are u investing 30k per month in gold? That too physical gold. Have u considered options like SGB or gold etfs? Also why did u choose sbi life insurance? It seems like an ULIP, so what's the return on investment for it?
I prefer physical gold for its easy liquidity and use jewel shop gold purchase plans to buy jewelry without any wastage—especially since I’m female! 😜
As for my SBI insurance, it’s not a ULIP; it’s more like a fixed deposit with a 5.5% assured return. I started this plan back in 2020 without fully understanding it. I need to pay 4 lakh each year for seven years (I’ve already paid for five, with two more to go), followed by an eight-year lock-in period. The overall policy lasts for 15 years, and I’ll receive 50 lakh at the end. I know that amount isn’t substantial, but I prefer not to risk all my money in market-related investments, especially since I can’t predict what might happen in the next ten years.
I think SGB are now discontinued, as I haven't seen it for a while.
Rich is the aim of life for many you have arth and dharma, but you are missing out on another dimension of life..kama.. moksha also you attained seems by discarding family responsibilities 😁
How do you know I’ve missed out something? 🥲🤣 Is fulfilling desires only about marriage and children? And about moksha—does seeking balance and peace in life, while fulfilling responsibilities towards my parents, not count as part of that journey? Also, my aim isn't to become rich; there’s more to life than just wealth!
If you have time there is more. You can read about pitra rin
Upskill and get a high paying job. No other investment would give you better returns. Your monthly salary is on the lower side given your experience.
Btw, if I may ask, what's your reason for choosing to remain single?
I completed four cloud certifications this year with my company’s sponsorship (2 AWS, 1 Databricks, and GCP Fundamentals). After 14 years, I earn 38 LPA with a 27% variable pay.
My EPF is 36k per month, and with all the taxes and deductions, my take-home is around 1.7 to 1.8 L.
The reason I am not looking to switch jobs is that I stay at home with no expenses. If I move to a metro area, my lavish lifestyle would mean that most of my income would go toward expenses. However, I am checking with my manager about H1B opportunities, but there is a lot of competition for that.
Reason to remain single
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Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself.
Real Id se aa financewithsharan
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