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 ?
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...
At least 3 months of expenses, plus some emergency funds. Unless you have an account in some obscure small bank, don...
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.
I have 10L in my account that I want to invest lumpsum. Flexible to invest into different instruments. Ideally want some 3-4L to be liquid. What are the best options to invest?
I wish to create an emergency fund for my 6 months expenses. Let's say around 3 lacs. Should I opt for FD or some savings account with a high interest rate?
