Investment Suggestion for 32 yr old

POSTED BY invest090 ON March 24, 2015 9:11 pm COMMENTS (5)

Below are my Investment which I have done so far :
ICICI Prudential Assure Wealth Super : 1667 / month Since August 2010
LIC : 1531 / month Since 2010
ICICI Tax Saver MF : 2000 /month Since December 2014
PPF : 50000 Since 2014
Aviva Term Insurance : 1 crore Since January 2014
Recurring Deposit : 15000 per month Since February 2015

About me
Age : 32
Income : 80000 per month

I know I have started investing little late & would like to make up for the lost time. So far I have concentrated to invest in tax saver plans & all low risk low return plans.

Now I would like move forward for high risk high return scheme.

Please suggest /advise how should I move ahead

5 replies on this article “Investment Suggestion for 32 yr old”

  1. Hi..
    suggestions look good….if one people like me in mid 40s and keep on investing in mutual funds/FDs/some RD etc…. after 55 may not have work and that time need to have a income for family/kids/expenses.. at that time how to manage because only lumpsump amount will be there from the hard earned savings…?

  2. rocksuz says:

    Hi, According to your portfolio described above i can suggest few points

    1. Close the recurring deposit and invest in like iwish deposit schemes for emergency funds.
    2. Take a accidental and permanent disability insurance.
    3. Take a Medical Insurance
    4. Invest Monthly in Large cap Blue chip mutual funds for high returns.

    thanks,
    Rakesh

  3. rocksuz says:

    Hi, According to your portfolio described above i can suggest few points

    1. Close the recurring deposit and invest in like iwish deposit schemes for emergency funds.
    2. Take a accidental and permanent disability insurance.
    3. Take a Medical Insurance
    4. Invest Monthly in Large cap Blue chip mutual funds for high returns.

  4. Ashish Garg says:

    Hi,

    Unfortunately what you have stated as investment is not actually investment. Suggest do not consider Life insurance as an investment instrument.

    ICICI Prudential Assure Wealth Super – This is a Life Insurance plan and hence returns would not be great. Also whats the sum insured?
    LIC : Again a Life insurance policy, whats the sum insured?
    ICICI Tax Saver MF : Tax saving MF, but you have just started and lock in period is 5 years.
    PPF : You have just started and it is a safe investment but with low returns
    Aviva Term Insurance : Taking a term insurance policy is good
    Recurring Deposit : Any specific reason and what is the tenure?

    Before getting into high rick investment, suggest go through old threads here and make a base.

    Step 1, you need to have your emergency find created
    step 2, look at various investment options and classify them as per their risk / returns and your capacity to invest in them
    Step 3, take life insurance (you already have this), take mediclaim insurance
    Step 4, see how much can you save and invest per month
    Step 5, allocate the monies to be invested in various investment options as per your understanding and risk taking capacity
    Step 6, track your investment regularly – say 6-12 months

  5. Hemanth says:

    why are u investing in RD ?

    also, do u have emergency fund in place

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