Please give me advise on How should I Invest ?

POSTED BY vhghorecha ON May 2, 2014 10:17 am COMMENTS (8)

Hello,

I am Vimal Ghorecha 28 years old (06.09.1985). My monthly take home salary is 30K also I can earn 20K extra from other sources.

My Current Investment

1) PPF : 50000

2) MF : 10000

3) FD : 20000

4) HDFC Term Plan of 500000 SI.

5) Mediclaim of 300000 SI.

Kindly advise me how should I setup my investment in different area like Life Insurance, Mutual Fund, Bonds, PPF etc.

How much I should invest and in which %.

Thanks & Regards

8 replies on this article “Please give me advise on How should I Invest ?”

  1. ashalanshu says:

    Dear Vimal, now you are coming to right track. Please fixed a target corpus first for your each goal. Say Retirement, Kids’ education, Kids’ marriage, House purchase, car purchase, vacation. Identify, which goal is short term and which goal is long term. Based upon the time frame, decide the instrument for each goal and then only start investing.

    Thanks

    Ashal

  2. vhghorecha says:

    Hi Ashal

    Not getting you what are you exactly asking?

    Please advise me Goals means I need to decide how much invest or any thing else?

    Like Retirement, Child Future???

    Thanks

    Vimal

  3. ashalanshu says:

    Dear Vimal, if I want to say it more simplified manner, w’d you decide your journey before boarding a train or first you ‘ll board a train and then decide where to leave the train?

    Thanks

    Ashal

  4. ashalanshu says:

    Dear Vimal, please read my above query again. W;d you first decide your goals and link your investments to goals or w’d you decide investment first and then ‘ll link your goals to investment?

    Thanks

    Ashal

  5. vhghorecha says:

    Dear Ashal,

    Yes I willing to invest 30000 but I forget to mention that I also has Loan which take 15000 every month from my salary. So final investment amount would be 15000 per month.

    Thanks

    VImal

  6. ashalanshu says:

    Dear Vimal, OK. So w’d you decide first your investment amount than calculate your goals or other way around?

    Thanks

    Ashal

  7. vhghorecha says:

    I have visited FAQ link but I not find suitable answer as per my need.

    Thanks Ashal

    Vimal

  8. ashalanshu says:

    Dear Vimal, how about reading this first –

    jagoinvestor. com/forum/finacial-planning-faqs

    Thanks

    Ashal

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