POSTED BY January 6, 2011 4:23 pm COMMENTS (7)ON
Jagoinvestor has changed my thinking about future planning. I’m 29 years old right now. I am looking forward for your valuable suggestions to create a better portfolio.
Myself and wife are working and our monthly savings is around 60K after household expenses and Rent. We are planning to work for another 20years and the below is my current portfolio:
Kotak Preferred Term Plan for 25 years @ 50L cover + 15L critical illness rider: 12712 p.a.
(Planning for another 50L term plan for myself and 50L+CIR term plan for wife in near future)
LIC Market Plus-I Growth: 30K
Our current monthly expenses are around 25K and we are planning to invest 20K per month for another 20 years for our retirement (with 10% increment in savings every year).
After reading Manish’s several blogs and comments I’ve decided to set a portfolio that looks like this:
Is my asset allocation promising for hassle-free retirement life? Will I be able to generate CAGR of 13-15%. What are the other recommended savings instruments? Please share your valuable suggestions.