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FloatingUnicorn
FloatingUnicorn
30mo
by
Stealth

Is this a dumb idea?

What u think about my Master plan? I'm 26 yrs old saved 9 Lac, no much responsibility. Planning to put that 7 lack in post office senior citizen scheme, which pays 8.2% intrest. Get that amount quarterly and invest in nifty bees for next 4 yr? Is this dumb or worth it?

30mo ago
SwirlyTaco
SwirlyTaco
Stealth
30mo

Unless you are Benjamin Button, is 60+ but looks 26 - there is a fundamental logical flaw in your plan.

FloatingUnicorn
FloatingUnicorn
Stealth
30mo

Ill be using my parents account sorry fir not mentioning

SwirlyTaco
SwirlyTaco
Stealth
30mo

It's as good a plan as any. Invest debt yield in a Index ETF.

What do you want to achieve out if it?

There are better ways to deploy it, but nothing wrong with your plan.

FuzzyNoodle
FuzzyNoodle
Stealth
30mo

Wait for the midcaps to fall(2 months Max), get a bag then

ZoomyMuffin
ZoomyMuffin
Stealth
30mo

It is a dumb idea for two reasons:

  1. With savings like these, better to keep finances clean and in your name. So SCSS is out of question
  2. If you are 26 & earning, better to build an equity corpus.
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