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CosmicPanda
CosmicPanda
Infosys

Investment tips for guy who's earning 30k permonth, age :23

Hey guys , I am an IT dihadi majdur. Have zero idea about Investment. Let me share my income:

I receive 30k in hand from which I have to save 20k for my brother's engineering. Rest of the money I transfer to my mother's account as we have a small loan ( 2 lakhs aprx ). Any tips how can I start investing, heard about SIP but don't know how to do it and where to invest. Can anyone please guide me step by step.

Also I have 2.5 years of experience in Java. Any career related guidance will really help.

19mo ago
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SquishyBanana
SquishyBanana
Freelancer19mo

Sip is best for you . You can check best performing mutual funds on et money, groww , coin etc and start investing . Earlier you start better it is .

CosmicPanda
CosmicPanda
Infosys19mo

From what amount shall I start ? And how much should I increase it monthly

PeppyDonut
PeppyDonut
Student19mo

Want to learn how to invest in spi check WARIKOO on YouTube , you will get your perfect guide for investment 🫡

QuirkyPretzel
QuirkyPretzel
Stealth19mo

From the details you have given, I would suggest you to switch first to get a better package and then you can start investing.

CosmicPanda
CosmicPanda
Infosys19mo

Ouch

FluffyWalrus
FluffyWalrus
Stealth19mo

Switch first. I used to earn the same during my internship.

CosmicPanda
CosmicPanda
Infosys19mo

Rich

CosmicPanda
CosmicPanda
Infosys19mo

What's your current CTC, if you don't mind

GroovyPickle
GroovyPickle
Stealth19mo

Early investing is overrated. Switch job to 50k to 1Lakh per month.

From that save 5Lakhs as Emergency cash. Pay off loan. 3Lakhs in Gold Then go for SIP, MF etc

CosmicPanda
CosmicPanda
Infosys19mo

Thanks a lot

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