I want to start building assets
I have always been repulsive of investing in Real Estate, the stock market is crashing, so is Rupees. Gold is already at its highest ever point.
Upcoming FY, I want to park a % of my savings into some asset building mechanism. And build a monthly habit of parking that %.
Considering 3-5 years goals, what all instruments should I research for?
Does Real Estate have any hope? Are mutual funds a secure bet? Buying gold makes sense? Are there any other options? Help your li'l brother to get into a wealth building habit.
Talking product sense with Ridhi
9 min AI interview5 questions
Hey second gen real estate agent here, firstly what are your goals? Do you own your own house? Investing in real estate has to be from a 10-15 year point of view and in my personal perspective is the best start to create generational wealth. But gold and stocks might give you higher returns in the short run. Nowadays residential real estate gives you a 4% rental yield and then there's the appreciation value of assets. Depending on the location. Let me know if you need help
I don't see myself getting into RE for 1 major reason, I don't live in the city I was born and raised in (IT Employee here). And I'm currently living in a city I don't wish to retire in.
Thus, RE has always been my last and second last appeal.
More oriented towards investing in MF/Stocks, make wealth as long as I have fixed monthly income, remain debt free. And when time comes, move back to native and at that time get a RE unit there with the money generated from investments.
I would also like to admit, I'm young and naive, so I could be wrong. Always open to contradictory suggestions
Real estate - risky and illiquid, depends on location MF - not secure, subject to market risk Gold - good to buy biscuits, not jewellery. Alternatively can buy gold index funds.
Equity market has corrected well enough, decent time to start buying stocks. 5-10% of your monthly income is good enough to start with. Just buy sensex nifty and banknifty.
Sounds good, also biased towards my pre existing notions. Want to do this.