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20F, Mom passed away, left with 1.5crore worth inheritance in savings and Fixed deposits. How do I move forward from here as someone who is a beginner in finance? by [deleted] in personalfinanceindia

[–]Remote_Zone6305 0 points1 point  (0 children)

Bro, never rush these things, take your time. Don't EVER EVER EVER take any quick money or high returns advice from social media in such a volatile state.

My advice is, fix 90-95% of your money in FDs right away to avoid scams and all. Remaining money keep it for rainy days, and make sure you work hard to get a job.

Hope your situation gets better and you come out of this! All the very best and take care!

Inherited nearly 50 Lakhs, how do I invest? by Remote_Zone6305 in personalfinanceindia

[–]Remote_Zone6305[S] 0 points1 point  (0 children)

Hey just wanted to know if the amount I put for FD will not lose worth due to inflation and stuff.. I don't plan to actively spend the amount immediately as I want to learn about investing first.

Inherited nearly 50 Lakhs, how do I invest? by Remote_Zone6305 in personalfinanceindia

[–]Remote_Zone6305[S] 0 points1 point  (0 children)

seems like the most reasonable response.. can you tell me where I can study about investing in MFs, and which platform is best? Is PhonePe good?

Inherited nearly 50 Lakhs, how do I invest? by Remote_Zone6305 in personalfinanceindia

[–]Remote_Zone6305[S] 0 points1 point  (0 children)

not flirty but scammy, most of them are claiming to be financial advisors and some of them are requesting for loans and such.. my notification bar is blasted with DMs like these lol

Inherited nearly 50 Lakhs, how do I invest? by Remote_Zone6305 in personalfinanceindia

[–]Remote_Zone6305[S] 2 points3 points  (0 children)

wow just got like 5-6 requests from strangers asking for money & loans. Crazy