30lpa Savings Advice
Recently married 28M, 25F, after removing tax deductions and home necessaries.. me and my saving 25 to 30 lakhs per year. Need advice on how to manage and split for long term and short term profits.
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Don't take random advise. Consult a advisor.
First define your short term and long term goals.
Decide risk free options to achieve those goals.
Go for equity/gold/realestate if you can hold atleast 10 years. [Again go for mutual funds, you don't want to spend time juggling portfolio (individual stocks) for 10+ years. ]
For short term explore FDs, corporate bonds, arbitrage funds.
Again don't take this advice, consult advisor who can check your pay, future plans , insurances, age and tell you correct recommendations
Got it. For now, mutual funds, Gold, Rd, Fd I am prioritizing. As you mention I will consult an advior. Thanks for sharing @Dekisugi
good saving amount at the age of 28/25. Start investing heavily in MF for long term. for short term, you can park in FD of SFB where return is higher along with risk.
Yeah I thought mf only. Also considering less risk factor for now.. I am thinking to go for more risk factor once I receive profit with short term ones.. It's easy to Utilize this profit to invest on high risk.
