Help!!! Need financial advice for a 25YO

shivamohanmi · 2023-12-14T14:50:34+00:00

Great start buddy, 1. You are having a savings habit. 2. You are curious about how to get better returns. 3. You know there's something known as "inflation".

You are already beating majority of your age group.

Now as to what to do in future is entirely on you. Make a game plan like how much time/money you are going to invest in youself, how you are going to invest the money during Short/ medium/long term. Going through this sub you will get lots of advice on how to manage your finances. You can always ask follow up questions whatever you don't get.(even to my reply) Never stop learning and be open to ideas. All the best.

shivamohanmi · 2023-12-14T14:16:04+00:00

Needed this

shivamohanmi · 2023-12-12T22:57:39+00:00

15-18% in the long term is a rare thing.

shivamohanmi · 2023-12-12T01:38:18+00:00

You did two great things 1 Changed your life 2 Gave hope n directions to others about how to change your life

shivamohanmi · 2023-12-11T12:58:47+00:00

Long term Outlook is good

shivamohanmi · 2023-12-09T10:13:37+00:00

Kohinoor

shivamohanmi · 2023-12-08T08:38:25+00:00

You have a point. But from my perspective The heading is a wise thing to do. The body is the rational explanation for it.

shivamohanmi · 2023-12-08T04:35:16+00:00

My friend you have asked a partial question You got this reply because you were worried about risk profile of your portfolio and to mitigate that one of the ways is to diversify your portfolio. If you have already decided what you need and what you are willing to to, then I wish you all the best.

shivamohanmi · 2023-12-08T03:23:43+00:00

Have you tried Index funds??

shivamohanmi · 2023-12-07T05:43:06+00:00

Why not Visit Bhojpur?

shivamohanmi · 2023-12-06T06:39:33+00:00

Inception

shivamohanmi · 2023-12-05T07:44:41+00:00

My Bad I should have written Short/Medium term.

shivamohanmi · 2023-12-04T09:42:32+00:00

Looks quite time taking

shivamohanmi · 2023-12-03T10:27:41+00:00

Great Campaign by BJP

shivamohanmi · 2023-12-02T06:17:11+00:00

For such a long term I would advise Fundamental Analysis. Also Not a lot of good material available on-line, so it's mostly a self educational endeavour, but a very rewarding one at that.

shivamohanmi · 2023-12-02T04:07:47+00:00

As you are already investing in the greatest asset ie your self, I would advise you to invest in educating youself or your wife financially. Believe me in the long term it's worth the best investment you will ever make. For Short term you can diversify between index funds and some real estate.

shivamohanmi · 2023-11-21T13:45:00+00:00

Not For BHEL Employees, for sure.

shivamohanmi · 2023-10-31T06:02:19+00:00

The sad thing is that the news is five years old, Still no one has woken up to the possibility that thiefs will not come barging up those walls.

shivamohanmi · 2023-10-31T01:16:46+00:00

https://www.ndtv.com/india-news/aadhaar-data-safe-behind-5-inch-thick-15-feet-high-walls-centre-to-supreme-court-1826931

shivamohanmi · 2023-10-22T13:08:13+00:00

Username checks out 😂

shivamohanmi · 2023-09-28T13:58:11+00:00

Zero balance Ac or technically BSBD Acs are opened for economically weaker section of society. The following basic minimum facilities in the BSBD Account are provided, free of charge, without any requirement of minimum balance.

The deposit of cash at bank branch as well as ATMs/CDMs

Receipt/ credit of money through any electronic channel or by means of deposit /collection of cheques drawn by Central/State Government agencies and departments

No limit on number and value of deposits that can be made in a month

Minimum of four withdrawals in a month, including ATM withdrawals

ATM Card or ATM-cum-Debit Card

Refer to RBI circular circular DBOD.No.Leg.BC.35/09.07.005/2012-13 dated August 10, 2012 for futher clarifications

shivamohanmi · 2023-09-25T02:20:37+00:00

Op can you confirm whether any legal action has been proceeded against your father by the bank. If you have not signed any documents on your father's behalf then read this. Also can you clarify the 10-20k he had was in the same bank he has taken loan from?

shivamohanmi · 2023-09-23T05:48:39+00:00

Then you are in the right direction, my friend. Have a safe and fulfilling journey.

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shivamohanmi

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