Need investment advice!
I am 28F. Planning to invest to achieve financial freedom and buy a home in the next 10 years. Risk appetite: moderate
Suppose you have Rs 50k to save and invest. Where would you invest and how much? If you are saying mutual funds, please do mention the break up and also if you have any preferred fund.
Also what should be the ideal FIRE amount if I prefer to live in tier 1 or 2 city, living moderate lifestyle?
Thanks in advance .
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Semi off topic, why not tier 3 city or a town or a village when you retire? What amenities from tier 1/2 that are absolutely necessary for you, that wouldn't be found in lower tiers?
I'm coming from a tier 3 city. The hospitals are not at par. In case of emergency, they'll give you some initial treatment and send to better hospitals that are 1-2 hours away. By that time, it's almost a lost case. And also, people are more bothered about opening malls and apartments than better hospitals and living conditions.
Big city hospital will treat not just the existing illness but also the imagined ones. So all the money saved will go to hospitals. It's better to be in T3 towns, atleast we can pass on some of the savings to our family.
Indians have no life or activity outside of work. For most the only life is malls and eating out. Having been with crowds all life, most people find the silence of a village/ small town deafening. It's the silence most are afraid of. The whole no hospital, no facilities are just fake reasons.
But I do agree on one thing, the exposure at schools between a small town and big city is very different.
70% in NIFTY 500 Index Fund
10% Gold (can be physical/etf), not jewellery
20% Debt, PPF even VPF works.
Once you hit 25L+ Corpus, discuss with a Fee Only Financial Advisor.
FIRE amount is personal, if you want to retire at 45 and stay in SOBO then your amount will be very different from Staying in Amravati.
I was planning for Pune. Any idea if that's good for retirement? How's the hospital network and the quality of doctors? And basic city infrastructure
50K
40% Stocks mix of large cap and small cap
10% monthly sip on US stocks - Nvidia
10 % LIC
20% Gold
20 % Mutual funds VPF
Alimony is the best investment you could do.
That's interesting. Then why don't I take it from you?
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I'll say reiterate your scenario to chatgpt with a good prompt for a few times until you get the best one . Use research mode that to research and understand current market and be detailed and think it will give you good idea and post that you can explore other suggestions as well and then you can take your final decision
Girl how much you are earning? Your in hand salary? And savings? When are you planning to buy a home? What are your savings for that. How much money u will have as an emergency? when u will buy a hom How u gonna do the payment of that ? I am 28F . Same situation I am facing .should I buy a home or not as investment? Or should invest money in mf, fd, gold?
I recently switched so I'm earning 1.1L in Bangalore. I'm managing to save 50k. Right now building emergency fund for a few months as I only have 1L in account. I was investing 15k in etfs and mf, 5k in vpf earlier. But now thinking about expanding the savings.
I hold a similar amount in hand after my expenses in Ahmedabad (26M) Here is my breakdown just for your reference:
10k - SIP - Large Cap (high risk)
10k - SIP - ELSS fund (not for tax saving, but due to 3Y lock in period, drives better results)
15k - SIP - Flexi Cap
5k - NPS tier 1 account
5k - Silver ETF
5k - In-hand in case any Nifty or S&P stock goes down.
Please note: I invest <95% in Equity & ETF which are high risk. I would suggest to Take this as a reference rather advice.
Thanks. I'm planning to invest 15k per month to pf. For nps did you invest in aggressive one or balanced/debt?