What should I do with my money
Every month my salary gets credited I barely spend 20% of it the rest of it is just sitting around in my bank account it's already above 5L. I keep thinking of investing it in stocks/mf but it's a lot of work 😔
What do you guys do with your salary, it would be great if you can share your investment strategy and how do you keep yourself motivated to stick to it
Talking product sense with Ridhi
9 min AI interview5 questions
Park in cred mint or mobikwik xtra
50% in mf and 30 % in above
I invest in Mutual funds around 80% of my salary, rest expenses have been doing this since 2015
You can try smallcases. They are somewhat the best of stocks and MFs.
Personally I find smallcases easy to understand while investing in aggressive strategies in comparison to MFs.
You just need to find 2 smallcases or MFs. One that's highly volatile or aggressive, like smallcap funds or smallcap smallcases. And 2nd can be nifty or index linked fund, something like equity and gold smallcase or all weather investing smallcase or niftybees etf.
Split your investment amount in 30-70% or whatever you can afford as per your appetite.
In which smallcase have you invested and what is the xirr you are getting? Also since when you have invested?
4 smallcases by windmill capital
- Value and momentum, 45%, 2yrs
- Canslim, 34%, 20 months
- Quality smallcap smart beta, 30%, 19months
- Equity and gold, 14%, 3 yrs
Mutual Fund SIP, just choose 3 good MFs and configure an auto-deduct SIP with your Bank Account.
Already investing in ELSS but need something adventurous like investment in stocks. The issue is I barely get any time during week days for investment and research and on the weekend stock market is closed 😔
You don't need stock market to be open to understand companies in the end it's all about understanding the business
Jyada tension mat lo, bulk buy nifty mf or etf and 20% bank FD, minimal work.
When you've enough money to be eligible for PMS, just get the service form any decent company,
I'm planning to do this only.
Don't get enticed into N different satrangi investment avenues/apps, not a good use of money.
I've personally majority in equity and 1lkh FD, sailed through covid massacre only the dumb decisions in fear realised losses for folks during that cycle, form safety pov it's better than p2p lending, invoice discounting, corporate bonds, reits, crypto, hybrid funds
Even if you pay to financial advisor they'll likely suggest, mix of fd, mf, physical gold. In 2021 paid 5000₹ to 1 such advisor just to listen what I've been doing in more jargon and fancy claims.
How much does the PMS usually give? (I know it may vary but whats the ballpark figure you expect like we expect 5-7% from FD, 10-13% from index, etc)
Average good case 18-25% have heard till 30% for the extremely good ones.
I follow the 25-25-50 rule.
25% is strictly for investments in MFs and smallcases. Do not look into this part of your salary for your monthly expenses.
25% is for WANTS. Something that's not really needed for in your daily life, but something that you just want (PS5, subscriptions, drinks etc)
Remaining 50% is for NECESSASITIES. For all your monthly expenses like food , bills etc .
Choosing stocks and all can be very difficult and needs alot of time. You can go the MF route, they're a little easier to pick, just keep investing religiously.
Thinking of investing in an nifty with a little exposure to nasdaq
Yep that's the best route. I have 6 MFs comprising of 1 Nifty Index Fund, 1 small cap, 1 Flexi Cap , 2 Theme based and 1 in Nasdaq for US stocks.
People suggest investing in only 3-4 MFs to avoid over diversification, but I'm happy with my selection as of now.
If you focus on increasing your salary rather than optimising your trades to beat the market, with the same amount of time invested, you will easily outearn somone focused on their investments rather than advancing their career. It is way easier to outearn and outinvest the market than to beat the long term returns of any diversified MF portfolio
I am already out earning most of the people with same experience, only quant roles pay more than what I am getting not worth the extra effort i think
Just park your money in MFs and create a basic SIP with exposure to small cap, mid cap and blue chip funds. Don't worry about optimising in the profit in the first few years, take the delta is the returns you get and the returns you could have gotten as the cost of learning. You only have 24H in a day, and cannot pay someone to have fun on your behalf, so use your time well rather than extending the number on a high score meter that you anyway don't know when you would cash in on.
- Sip in Mutual funds - at least 10-20% of salary
- PPF if not invested in lump sum during start of FY
- Invest in stocks regularly - at least 10-20% of salary
- Autosweep FD
- Experiment with some new investment modes like ETF, bonds etc
Start with an emergency fund, put that amount in a MF scheme from where you can quickly withdraw. Post that you can start an SIP
Won't recommend putting your emergency funds in a MF scheme. The idea of emergency funds is to have it available in case of an emergency.
Not to mention, any MF scheme carries a risk and volatility greater than you'd find in your bank account. Keep your emergency funds separate from investments!!!!!