Will I be able to beat inflation in the next 10 years with financial stability taking care of wife and kid?
Age 31, 35LPA including bonus and stocks, 9+YOE MF-8.5 lakhs invested Company stocks- 20-25 lakhs invested Have a 2 bhk flat and car with no loan pending
About to be a dad in few months. Need to take care of full family in a tier 1 city like Hyderabad. Will it be possible? Don’t have a second source of income currently apart from MF and company stocks maturity.
Suggestions for better diversifying portfolio or second sources of income are appreciated.
I guess have a runway fund of 6 months atleast (12 based on your risk tolerance) if you don’t already
@valk -Can you let me know what you mean by runway fund? Do you mean to say having 6 months worth expenses in liquid money and not on investments?
I think your current income is good enough to support family, just keep expenses low and you should be fine.
Make some FDs and RDs if you can get good rate of interest. Have some gold ETF s or even coins/bullions in bank locker.
Get USA and China major index stocks - s&p, nasdaq, hangseng etc. Can explore intl individual blue chip stocks if you like but small amounts ideally.
