Where and how do you invest your monthly salary – quora r gasquet tennis

Any increment we get, 75% of that increment goes into our Mutual Fund portfolio and 25% goes into maintaining/upgrading existing lifestyle and expenses (luxury/leisure, etc.). This helps us increase our MF investment annually beating inflation and also helping us build good corpus for retirement.

Some of the expenses listed occur only quarterly, half yearly or annually but needs to be provisioned for monthly like Personal/Car/Health Insurance, School fees etc. Other expenses may or may not occur (like doctor’s visit and/or medicines).

Investment in Pension and Gold is to balance out Equity exposure to some extent. 72K NPS also gives me 50K additional rebate during Income Tax. Gold investment over time, including what we received during our wedding 10 years back, is over 60L now.

10,000 allocated to leisure takes care of our short and sweet weekend getaways or extended weekend trips nearby. Budget for big planned holidays above 5 days or out of country or which may require Air Travel comes out of our Mutual Fund investments.

I do not have a self owned property and/or house/land. I do not plan to buy anything for another 3–5 years. I did inherit 2 houses in Delhi. One was Ground Floor DDA apartment which I sold few months back and invested all the money in Mutual Funds. Other is a 220 Sq. Ft. 3 Storey bungalow lying closed.

I am a (or at least I was as certifications needs to be refreshed/renewed every 3/5 years) qualified Wealth manager with NCFM certification in Capital, Derivatives and Commodities Market. I am also certified by AMFI for Mutual Funds and IRDA for Insurance.

I started investing in 2005 with a only 1.8L fixed salary, comes to 15,000 per month. I also had incentives which were uncapped which went into partying, dining out and buying a car (Swift VX which I bought in 2006 cash down for 4.20L, 12 months after starting the job).

60,000 is the money you have blocked on your house. You are not saving it. You are not investing it. You are not earning out of it. Moreover, on a Housing loan of 6,000,000 (60 Lacs) at 10% interest rate over 20 year period, you’ll end up paying around 1.4 Crores (14,000,000).

Whereas, 60,000 invested for 20 years in a Mutual Fund giving 15% will give you 9.1 Crores in 20 years. Also, if you are living in the house, then it is not an asset. Besides every year it needs house tax. Every 3–5 years it will need a new coat of paint. 10 years it will need minor repairs, By the time your Loan is paid (20 years) it will require major repairs.

Having said that, I did inherit 2 residential properties from my father in 2017. One is 2 BHK DDA apartment in Delhi other is 220 Sq Mtrs. Bunglow in Noida. DDA Apartment I sold few months back and money invested in MFs and Stocks. Bunglow in Noida is locked and empty. I can tell you from my experience, house is a sink hole. There are better ways of investing money. Real Estate is not what it used to be.

We were approached by Oxfam for a donation for Girl Child Education campaign. We told them we’ll only do it if we can track the progress quarterly and if they can make sure my donations goes to the girls we want and not spread over the entire organisation. They agreed!

Giving back does not have to be in terms of money only. It can be your time and efforts. We agreed to teach 4 girls because at that tie we could only afford that. Also, my mother was a teacher and during her 4years of cancer treatment, she never missed a day of her school always saying her students need her more.

I cannot help you with your investment as I am not qualified to advice you on same. But I tell you that Investments are specific to person based on his risk profile, income profile, background, capacity, capability, goals, age, requirements, liability and above all motivations.

I have seen it happening to my dad. My dad was an aeronautical engineer with very handsome high six figure monthly salary back in 90s. His entire savings were eroded when my mom was diagnosed with cancer. While his colleagues funded US education for their kids and brought extensive properties all over Delhi/NCR, my dad could only manage one 220 Sq Mtrs plot partly funded by my grandfather.

Do I want to leave inheritance for my daughters? May be if they deserve it. Investments are being done so that I can fund their education from some of the top colleges and universities around the world. I have no desire to save/spend on their marriage. I would rather have my daughters spend my entire savings and retirement corpus on their education than on destination wedding.

Should I retire? Hell No! I love what I do. I agree I get generously compensated for it. Compensation is a gesture of thanks for my hard work, capability, skills and experience developed over the years. I work 14–16 hours a day, sometimes more. I take solid 45 vacation annually. My work makes me happy.

The answer is pretty straight, If I die today my family gets 1.85Cr in MF + 1.75 Cr from Term Insurance. That is total of 3.6Cr. Additionally, if I die due to accident then my family get another 1 Cr. taking total amount to 4.6Cr. which is not enough to educate my daughters thru post graduation.

Health plan with Apollo Munich 3 Lac medical cover only in Rs 6905/- for entire family details are mentioned in screenshot. You need to open saving account with Equitas bank, which will give 6% interest for saving account even if you maintain 1k balance & they have tie up with Apollo who provides mediclaim policy at discounted rated to equitas customers.

Edit 4: My Quorans friends ask how I manage this all? Answer is simple, just learn to distinguish between what is your need and your wish or desire. I wish to have Mercedes yes it is wish, but it is need???? Ofcourse No. So please differentiate between these two.

In regular Mutual funds when an investor who wishes to invest in a MF scheme, they has to go through brokers/intermediaries/distributors/advisors. The intermediaries charge a brokerage fee for their services. The distribution charges, trail commission are paid to the intermediaries by the asset management companies from investors’ money. This shaves a fraction off the returns investors earn.

where as in direct mutual funds, On the other hand, direct MF plans don’t involve intermediaries. Hence, the expense ratio which includes all fees, commission, and fund management charges is lower, making the return higher than that of regular MF plans.

So Investment in Mutual Fund should be direct. Don’t buy through any institutions. It will add costing in that scheme. So next time you want to buy MF for eg of ICICI you can directly buy it from ICICI Pru MF website, chose direct plan option instead of Regular.