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Personal Finance
Personal Finance
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ZoomyKoala
ZoomyKoala
15mo
by
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.
15mo ago
SillyPenguin
SillyPenguin
Salesforce
15mo

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
ColorTokens
15mo

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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