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Hey Fishes
Can anyone share Mutual Fund schemes in their Portfolio?
I am a newbie and planning to start investing via SIP's in MF ( Around 4-5 SIP's of 10k each)
Thanks in advance.
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Kind of a really complex problem. Without knowing how much time you have to invest before retiring and what your expense habits are it’s a really tough question to answer. I think it’s safe to say the minimum should be whatever your company is matching.
You generally always, always should aspire to contributing up the company match because it’s free money. However like the prior post said, this may not always be possible depending on your personal circumstances. For example if you have credit card debt, that’s a situation where it may be best to take those dollars and spend it knocking down that debt. Assuming you don’t have high interest rate debt though, I’d always try to take the match (and if you can) max out the 401K contribution every year. If you can’t max out the contribution, at least seek to match your employer’s contribution.