I'm 37, and all my money's in FDs. Just realized that this isn't great against inflation. Was planning to invest in property but never did. I'm married, no kids, both in IT. Need advice for wealth creation now. Any tips would be very useful!
FD is fine I feel. Property and assets may also not beat inflation. I feel the whole wealth creation bit is flawed. If too many people become rich then inflation will make sure that isn't the case.
So simple and sanest advice is to diversify and then keep piling up in assets that work for you be it property, stocks, gold etc.
No FDs! Invest ,💯. Without timing the market just keep regular with SIPs and you'll create more wealth. If you are apprehensive of the market, consider debt funds or liquid funds...they perform the same as FDs without the lock in periods and high penalties
What do u wanna hear
I have been working in the IT industry for around 14 years, and as a result, I have built up my savings without any debts. My current monthly income is ₹1.7 lakhs. I work from home and have minimal expenses, as my parents cover most of m...
Suggestion is to get married lol. Jk:)
Stop SBI and LIC and instead buy a term insurance from Private players, and invest remaining amount into MF, try to i...
I’m ready to invest 1L per month. My investment breakup is 30% (₹30000)in stocks (mostly targeting on dividend yield) 20% (₹20000)in Gold 50% (₹50000)in MF -> 30% (₹15000)of this in large cap -> 20% (₹10000)of this in Index fund ...
The wealth should not be inherited.
I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.
Seeing the comment section,I realise I am broke.
This di*k measuring contest is really popular nowadays.
I'm 31 1 apartment for 2Cr on loan … loan will be over in 5 years 1.5cr in MF 10-15L cash I started 4 SIPs...
Let me get to that salary first. Will let you know post that. 🥲
