Chief
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Is everyone ready for Ramadan 😆🥳🙌🏽
Just a lil something to smile 😊
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Any Tableau SEs able to share some insights?
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Mentor
Additional Posts in Consulting India
Pro
Does brand matters? your views?
What will be in hand salary?
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Pro
How much will you be spending for marriage?
Do I have any plan to buy gold for marriage or already taken care of by parents?
Emphasizing on marriage since this will be in ver near future so you need to keep aside those expenses.
Once sorted for for mf
Pro
Then save for emergency fund first, keep insurance intact for you and family members
Save at least 12-15L for marriage
Then go for savings/investment.
You can choose a combination of active, passive mf, if you are ok check direct stock options
Keep in FD or liquid funds as well for the near term future like 1-2 years expenses.
As your saving rate is high so you need not to worry about returns now
Why not MF ? You will get a better return and you can withdraw money at any time.
1. Go for register marriage in simple setting with only closet people ...no sho-sha...keep that money aside and use for investments [Don't buy a car unless its a necessity]
2. Make sure you have private Health Insurance for you and other close family members (This is to make sure your investments are intact when things go south health-wise) For Investments:
- Open PPF account and start investing as much as you can yearly (max 1.50 L is allowed)
- Make sure you have PF deduction in your salary
- Tax Saving: use Meal voucher & NPS as tax saving tool (if you are in 30% tax bracket)
- FD/corporate Bonds- Use Apps like Stable Money/Wint (invest in multiple banks/bonds choose A grade or above don't put more that 5 Lacs in single bank/Bond]
- MF (Go for index funds in Large Cap/ Mid Cap & Small cap - looks for past record & ER and based on it take a call. Generally Large Cap passive fund/ ETF is fine but for Mid & Small look for Active fund)
- Gold and Silver ETFs (look for past record and ER]
[L - 50%, M- 25, S- 10%, Gold - 10%, Silver - 5%] - adjust the percentage as per your risk appetite
- If you have additional amount put the money in US market ETFs [Again look for past record & less ER]
- Most importantly learn about Tax Harvesting and start using the technique to manage/plan your taxes..
Go for equity, at 25 you have time on your side. Go for mix of MF and stocks.
Rising Star
@Infosys1 - we can't do much now. Even I feel the same , we had not much resources available at that time, no proper guidance, no availability of vast internet/ social media
What we can do is stay disciplined and invested
+1
Ur in hand ?