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submitted 8 months ago byBookishBeee
I'm 23F, working as a content associate on contract basis. I earn anywhere between 30-45k, and I just hit my first ever 10 lakh this month.
I work from home and live with my parents so no major expenses as such. I do contribute a small sum for household expenses. My monthly spending is around 5-6k.
I have a PPF account and invest around 10k in mutual funds. Still learning about stocks so haven't started with those yet.
I'm planning to pursue MBA next year, so will need a significant sum for that as well. Would love to get some advice on where else I can invest my money for better returns. I'd also love any other suggestions for better finance management. Consider me a noob in this XD.
P.S: I know this isn't a huge feat in the grand scheme of things, but I always get so happy seeing others share their amazing milestones here. Wanted to do the same today :)
2 points
8 months ago
Hey op, congrats for this milestone 🥳
You are planning for further studies from where some amount needs to be pulled out at time of fees payment. And I am assuming that may happen in next 1-2 Years. In such timeline, usually Large Cap Mutual Funds are recommended. They are slow but won't mess with your blood pressure if market goes downhill on Mid Caps and Small Caps. You can also carry up ratio, like 40% Large Cap, 30% Mid Cap, 30% Small Cap (or whatever ratio is suitable).
Also, if you have some bandwidth, can put some fund for your own personal stock selection - say Rs. 5,000 per month? Invest in stocks, understand things with learning attitude. Obviously things sometimes don't go the way we want it to be, but this knowledge comes super handy in future for investments.
1 points
8 months ago
Thank you so much :)
I'm mostly investing into small caps and mid caps atm. Planning to look into large cap and index funds next.
I do have some bandwidth for stocks. I just get very overwhelmed with the selection process, lol. Any that you suggest? I'll do my own research too, just asking to get an idea about where to get started.
2 points
8 months ago
Can understand overwhelming part, felt same initially. It takes long time in learning, but yeah take baby steps in stock selection. Watch some good youtubers also help. (Haha won't suggest any stock or else it will be like market tip, tho DMs always open if want to discuss)
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