Need Suggestion for my investments

POSTED BY mahee.hmp ON September 9, 2014 5:27 pm COMMENTS (4)

Hi Manish, I have gone through most of your articles. I need a suggestion from you. I’m a software engineer and I’m earning 50k and my wife is earning 15k monthly and our savings are as below

My savings

  • 5k for chit
  • 10k in MF(SIP in different firms)
  • 5k SIP for Reliance liquid fund
  • 5k for RD (in which 2k is diverted to pay LIC premium) .

My Wife Savings

  • 10k in MF (SIP in different firms)
  • 5k SIP for Reliance liquid fund

Recently we are blessed with baby girl. i would like to divert some fund for my baby’s future. further I can afford to invest 3k more per month. Please suggest me some good plan. whether to invest in RD or to invest in MF again or any other plan. It would be helpful for me if you suggest whether I’m on right track or not. And need suggestion whether what ever fund diversion that we are doing  is in right direction.

Thanks,

Maheedhar

4 replies on this article “Need Suggestion for my investments”

  1. Jignesh Parab says:

    Dear Manish,
    I desperately need youf suggestion, i am salaried person, and net take home is 43000. but ends up in zero savings.
    I own flat in Mumbai, and had take a loan from parents of 6 Lacs, which now i want to repay them, the sell price of my flat is estimated to 30 Lacs, to which i purchased in march 2011 at cost 16 Lacs, with D/Pay of 4 Lacs and rest Home Loan.

    My Idea is to sale the Flat at 30 Lacs, and do the below things:
    1) repay my the HL 12,00,000
    2) repay Family Loan 600,000
    3) invest in underconstruction property at Badlapur or Kalyan with MAX amt 18 Lac with Down pay of 8 Lacs and rest HL.
    4) invest 3 Lac in NA Plot of for future property construction.
    Will await your advice on the above.

    1. Thats seems like a good idea .. Go ahead !

  2. mahee.hmp says:

    can some one from this forum help me.

    I have gone through most of your articles. I need a suggestion from you. I’m a software engineer and I’m earning 50k and my wife is earning 15k monthly and our savings are as below

    My savings

    5k for chit
    10k in MF(SIP in different firms)
    5k SIP for Reliance liquid fund
    5k for RD (in which 2k is diverted to pay LIC premium) .

    My Wife Savings

    10k in MF (SIP in different firms)
    5k SIP for Reliance liquid fund

    Recently we are blessed with baby girl. i would like to divert some fund for my baby’s future. further I can afford to invest 3k more per month. Please suggest me some good plan. whether to invest in RD or to invest in MF again or any other plan. It would be helpful for me if you suggest whether I’m on right track or not. And need suggestion whether what ever fund diversion that we are doing is in right direction.

    Thanks,

    Maheedhar

    1. Sure . What kind of advice you need in detail ?

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