Hey Indians - How are you best growing your 💰?
Its been almost a year since I got into the corporate world and I think I am lagging far behind people of my age when it comes to financial literacy. A good chunk of my savings is in my salary account fetching returns as low as possible, and around 7% invested in one time SIP. Please shed some light around your best buckets and %split in comment box. TC - 10lpa Yoe- 1
Is this just for Indians in India? Cos there a lot of us outside…
Indians anywhere and everywhere 😂
Outside Indians can simply invest in FANG and get awesome returns unlike people in India.
Put most of it in mutual funds, stocks and real estate assuming you have no responsibilities from parents side. Btw how come you work at Microsoft and still TC is 10 lpa?
Your assumption is right. Yes, that's what I got as a college hire in Microsoft services😭 Another sad story.
🍆👋🏽💦
MF + Stocks (nse bse nasdaq) + Bank FDs + Corporate FDs + Bonds + Savings a/c+ Crypto. The main thing is to decide what ratio is okay with you. What is your risk appetite? Learn that, then divide & conquer. Diversify. No real estate though. Pretty much all of the metris have more supply than demand for the upcoming years. So, if you want real estate; don't consider it as an asset for now; just a luxury item for self. Probably read rich dad poor dad to get some more insights. He was big on real estate investments back then; but clearly helps clarify the difference
Hey.. thanks!
Crypto
The obvious answer is nasdaq, but I don’t know if you can.
I am planning to invest in a money tree as I am too stupid to invest anywhere else 😆
Real estate
Do you think its ROI is more than that generated from Mutual funds, at this point of time?
Real estate always grows with time. Mutual funds are meh