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Personal Finance
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ZoomyKoala
ZoomyKoala
ColorTokens

Order of financial products to buy

What should be the order of financial products to buy when you are just beginning your personal finance journey?

Like :

  1. PPF
  2. Gold scheme
  3. Index funds
  4. Term insurance
  5. Health insurance ... Etc.
12mo ago
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SillyPenguin
SillyPenguin
Salesforce12mo

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.

ZoomyKoala
ZoomyKoala
ColorTokens12mo

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.

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