Need financial help
I am. earning 55k per month ,I don't have any EMI except of one Term insurance premiums.of 1500per month.
Want o.invest 30k per.month can anyone suggest how can I diversify and invest .I am.ready to take mid level risk .?
Suggestion are thanks in advance
@DearCleft , Step 1
Please save 1yrs salary in Savings Account for medical emergency, layoffs, any other emergency etc.
Step 2
Term Insurance, already done
Step 3
Since you are starting out
Invest your 70% surplus fund after all expenses in a month into a Nifty 500 index fund.
Step 4
Suggest you also open a PPF account in any bank and invest balance 30% in it.
Once your assets hit 25 - 50 L, ( take a pick on number), then jump into Equitas, PMS, Crypto, Art, Watches and every other asset class you can think of.....
Open dmat account with Funds India.
And start SIP. They have advisory services and They don’t charge for advisory services but same like other investment brokers they will Charge for each SIP transaction.
12.5K every month Into PPF 15K into SIP Save rest of amount in any RD as emergency fund.
At least you required 2x monthly salary as emergency
Learn the concept of asset allocation first before you start investing , youtube is your best source to learn. Once you have a thorough understanding is when you start investing
Disagreeing without Disrespect.
Depend on YT, Insta, FB etc for financial advice and gyaan at your own peril.
Anyone shilling content with an altruist attitude, is taking you or will take you for a ride.
Need financial "advice", most of the audience will ignore this post just with the title. Coming to investment, I'd advise that please take help from a financial advisor.
