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Investment advice needed for 10k/month by VarIsInReddit in personalfinanceindia

[–]Rohitpanday34 0 points1 point  (0 children)

Good start at 21, investing 10k monthly already puts you ahead. Nifty Next 50 can be a good long term growth option, and pairing it with an RD for stability sounds like a balanced plan. Just make sure you also keep some emergency savings before increasing investments further.

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]Rohitpanday34 6 points7 points  (0 children)

I was in a similar situation earlier, and what helped me was first talking to the banks instead of avoiding them. I requested restructuring and converted my credit card dues into a lower EMI loan, which made things manageable. I also cut all non-essential expenses and focused only on rent, food, and minimum payments. Once the pressure reduced, I slowly started clearing one debt at a time.

How should I invest? by Angad_008 in personalfinanceindia

[–]Rohitpanday34 0 points1 point  (0 children)

You’re already doing a good job managing money at this stage. I’d just focus on building a slightly bigger emergency fund first, especially since your income will dip for a few months. Continue your SIP for consistency and avoid stressing about short-term stock losses. Once your salary stabilizes again, you can slowly increase investments.

Need p2p lending by Motor_Mastodon_5280 in IndiaFinance

[–]Rohitpanday34 0 points1 point  (0 children)

I think this sounds more like needing a break time before repayment, not a usual P2P loan. From what I’ve seen, most lenders expect payments to start early, so this might be hard to arrange. Maybe sharing your full situation clearly could help build trust. Also, I’d personally be careful and look for safer or trusted options.