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Where should I make investments?
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<blockquote data-quote="alekhkhanna" data-source="post: 1748800" data-attributes="member: 20755"><p>Hey guys,</p><p>So the thing is even though I've been working for a bit more than a couple of years now, I was never into savings. Recently our family was hit with some unseen expenditures and I got thinking about it, but have rather poor knowledge of any investment.</p><p>My aims are to invest both short and long term. The only "investment" per se I've is a life insurance policy. Nothing else. Also shifting to a new job, so would love to plan my finances and invest smart.</p><p>Been reading JagoInvestor for some hours since today morning and AFA I understood, MFs, the Equity Diversified type are good for long term. Among the short term, I really don't know. I am thinking of getting the Sweep-in/out facility activated for my salary account (where money over a threshold value is automatically turned into FDs with higher interests). But then, what else ? How should I go about my financial planning ? </p><p>10% of my salary will go as house rent.</p><p>For the rest, I'm thinking of splitting 30 in between MFs/PPF/FDs. Is it a wise investment ? What all to look when investing in these ?</p><p>That leaves me 60%, out of which 20% is kept for emergencies. 40% for monthly expenditure.</p><p>Any help/guidance will be appreciated.</p><p></p><p><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="alekhkhanna, post: 1748800, member: 20755"] Hey guys, So the thing is even though I've been working for a bit more than a couple of years now, I was never into savings. Recently our family was hit with some unseen expenditures and I got thinking about it, but have rather poor knowledge of any investment. My aims are to invest both short and long term. The only "investment" per se I've is a life insurance policy. Nothing else. Also shifting to a new job, so would love to plan my finances and invest smart. Been reading JagoInvestor for some hours since today morning and AFA I understood, MFs, the Equity Diversified type are good for long term. Among the short term, I really don't know. I am thinking of getting the Sweep-in/out facility activated for my salary account (where money over a threshold value is automatically turned into FDs with higher interests). But then, what else ? How should I go about my financial planning ? 10% of my salary will go as house rent. For the rest, I'm thinking of splitting 30 in between MFs/PPF/FDs. Is it a wise investment ? What all to look when investing in these ? That leaves me 60%, out of which 20% is kept for emergencies. 40% for monthly expenditure. Any help/guidance will be appreciated. :) [/QUOTE]
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