What should be the order of financial products to buy when you are just beginning your personal finance journey?
Like :
Health insurance
Term insurance
Elss funds, if your epf doesn't cover entire 80c
Then asset allocation:
Emergency funds
Index/active funds based on your risk appetite
Physical gold.
Plot / independent house (not a flat)
Foreign stocks/funds.
I would suggest don't invest in vpf,nps,ppf,sgb. I don't like the concept of govt backed policies. They are here toe at your money.
Thank you! My package is less than 8 LPA. Will I be able to afford a health/ term insurance with a good cover. My age is 24.
Hi,
Please add financial things to know about or plan for if some one is starting a career or even their financial planning journey.
Could you suggest any secure investment plans suitable for salaried employees? Additionally, I'm curious about your personal investment strategy. Where do you typically invest your salary, and what returns have you experienced? Also, wha...
According to me the following are must have in order of importance:
Please feel free to suggest other products, ...
It's been close to a year since I am earning a salary and this is what I do:
Following the 50-30-20 rule for 5 years now. Started with a salary of 6LPA fixed. Now at 25LPA. Investing ...
I do the same. Invest 50% in MF(Flexi cap and Index funds) and remaining in 80C instruments here and there. Tip - M...
