26M Salary - 1.1lpm YoE - 4
Current investment
Total - 27L
Monthly investments
Total - 43k
Expenses Monthly fixed - 10k Monthly variable - 5k
Goals:
I am looking for a change in job as well, but I don't think so it'll impact the savings much as currently i do WFH and there are little to no expenses.
Main questions:
1.Where can I invest the remaining salary in order to get some good returns. 2. How should I handle the expenses of car and marriage 3. Should I target more real estate investment in tier3 cities 4. Any other feedback or suggestions
Thanks for reading and helping out!
If i may offer an advice. Are you sure these are your goals? Are you really sure you want to sacrifice living your live and chasing experiences to make your 1 cr by 30? What if you make it by 35? Or by 40? Is it really important for you to achieve them in those timelines or is it important to achieve them?
I apologize, i am not sure how to help you with financial advice about investments though. Your current networth looks pretty good. I just hope you are happy
My goal is just to have financial stability. Have seen my family struggle a lot and don't want that to happen ever again.
Rest 2 are for my parents. They always wanted a car and they are waiting for me to get married.
Both of them are 60+ , so want to fulfill their needs as much as I can.
And yes I am happy, thanks for sharing the advice!
Financial stability kabhi nhi aane wali bhai...dreams se bhar aajao...
How will you marry in 10L? Share rough estimates. Gold alone will cost a lot
10-12L is doable if its not too lavish and he organizes everything by himself instead of booking a per plate banquet also considering he already has gold.
10L from my side and rest from family. And want a very simple event, hopefully will be able to do it within the range.
26M and you put all these !?
And you are still thinking ?!
Please go to Bangkok brother or somewhere else spend at least some amount on useless things (you will get real time life lessons, not judging that u don't know ....) that will be in ur memories forever
Haha I do travel every 3-4 months. Just trying to reach a space where I don't have to worry about money (been the case for us) Thanks for the suggestion though!
Car in 5L and marriage in 10 L - keep dreaming
Why so, he can buy a second hand car in 5L and also as he mentioned he has a land in tier 3 city he can also do his marriage in 10 L easily
Yes the idea is to buy a second hand small hatchback post 2020 model within 5l. Like grandI10 nios or baleno or similar
Marriage in 10L, i can understand is less but my family will be contributing too here. So, will be able to manage.
I appreciate your discipline and commitment. Not sure if you took Term insurance and Private health insurance. If not, please opt them as well. And in Savings, you have 3.5L. if it is just in savings account, move it to FD for better ROI, renewable weekly or Monthly so that you may use it when necessary. Rest are fine. If you want to achieve more, then invest more in Small or mid cap MF for better returns. Low risk low returns, High risk high returns.
Forgot to mention about investment in real estate. Invest anywhere which generates returns as well. Like a small commercial space in a town nearby. It gives some small piece of amount through rent and its value also increases.
Coming to Car ->everyone has their own taste in cars, so see what's important. Luxury/mileage/safety...
Marriage -> it depends on both families. If you can convince, plan in some farm or discuss with event organizers. Give them your budget and they will take care of the whole event.
Investment of the remaining amount -> try to invest in bluechip or small cap MF which has potential to generate more returns. If you are not confident, discuss with investment advisors
I will add here if anything might help u 🙂
I've health insurance for parents and myself Term insurance is something i am looking at and will buy this year.
Thanks for FD suggestion, will look into it. Do you have any suggestion for small or mid cap MFs. I am currently investing small amount is quants small cap and PGIM midcap
You have enough money for Car and Marriage. For 1cr by 30, you need to take risks and time the market.
Considering you are targeting in the next 4-5 years it looks like an unreasonable target.
Since you are young and can take good risks, try micro cap small cases, in a good market it gives 50-70% return, but in a bad market it falls also 40-60%. So timing is very important in microcap stocks. But can help in achieving 1cr in next 6-8 year, if timed well.
I'll check micro cap. Do you have any suggestions on where to start and read about them. I was looking at 40k investments for next 4 years and 12% returns with current investment of 10L. It'll be around 40-50L And if i add gold 10gm every year with will become about another 10L and the land and another investment might get double so another 20L (high expectations) Not very sure about calculations but I'll re-evaluate the target then, thanks for pointing this out.
Classification by Sebi.
Top 100 stocks - Large Cap Next 150 stocks - Mid Caps Next 250 Stocks - Small Cap Next 250 Stocks - Micro Cap
You can check Nifty Microcap Index for getting Idea, its mostly cash stocks.
I am using attached small case for last 3 year, it has given good return till now. But Micro Cap Index crashed 80% from 2018 high till covid bottom, so need to formulate some strategy to avoid such a big drawdown.
Damn bro is doing well. I have to learn from you. Nowadays every company is calling to ofc. Which company you are working.
It's a startup based out of bangalore in community/experiences domain. Wont be able to reveal the name, as i am the only person who is 26M there lol
Short answer: you are already one of the best versions out there at this age considering the average people at this age.
Long:
You can increase your risk appetite by increasing the small cap and by doing some investments in crypto (if you know how to play it) .I am telling this becaz you are already at a good position financially and can take a risk to some level.
Find a nice girl from your town and get married. You r parents will be happy and you will be too ( I pray you all be happy).
For me: are you doing permanent WFH or remote job? How did you find it?
All the best for everything
Thanks for your kind words uc
1.hdfc small cap fund and tata small cap fund. 2. Hope you find the nice partner. 3.thats good to hear.can i dm you regarding this if that's not the issue?
TLDR; I want help in financial planning for my marriage. I have 3 questions which are written at the end of this post.
Hi everyone,
I sat with my parents to prepare most basic itinerary for 4 functions of marriage, which also incl...
Don't marry
City - Bangalore, both Software Engineers
My salary - 48LPA Wife’s salary - 30LPA
In hand salary both - 4L per month Yearly bonus - 8L
Monthly expense - 1L Rent - 35k Car EMI - 16k Other expense - 50k
Investments - Monthly SIP - 1L S...
This is utopia. You have achieved the peak mode. Enjoy life, go on international trips every quarter. Play a lot of s...
What do you think of this split ? What would you change?
Who asked u to share bruh?
Don't know why people flaunt their income/expenses shit if they are doing well. I am more interested in people who ha...
I am a 23 grad who has managed to save close to 7 L all cash till now. Plan was to enjoy the first 6 months of job and then start with the financial hustle. Seems, I am ready. Need suggestions to allocate ~5L across equity, gold, FDs and...
