Net Worth Percentage Breakdown
Hey anonymous fam, I'm sharing my net worth breakdown and would love to see yours. Feel free to add numbers also if you want to!
Age: 28
Here's the breakdown:
- Mutual Funds - 29%
- Peer Lending - 20%
- Bonds - 15%
- PF - 12%
- Chit Fund - 12%
- Stocks - 6%
- NPS - 4%
- SGB - 2%
- ESOP - <1%
Which peer lending apps do you use? What's your take on using them? Did you loose your money anytime on it?
And what was the return
it's all offline, to close relatives. Minimal returns but no loss so far. I don't trust online apps for this.
Get out of peer lending and chit funds. Declutter your portfolio from unregulated structures.
Peer lending is just with really close family that's not an issue. Chit funds - I'm forced to do by my dad, again with close family. Will be closing that in a year, then will move the entire amount to mutual funds!
What's chit fund?
It's a savings scheme that runs offline, where you've a N members giving X amount per month & one person will get the whole amount that month, another person the next, so on until N months
A common savings scheme for households in South India. Google it. Also, don't go for it if you've no idea - there are a lot of scamsters out there
What's total?
