Myself 39 M with wife 33F and daughter 4F.
Our combined monthly earnings are :
3L in hand from salary,
16k rent from appartment,
30K epf monthly.
Investments so far are:
50 L (10 year old appartment)in tier1 city,
50 L (5 year old apartment) in tier 1 city,
27 L in mutual funds,
28 L in savings account,
45 L in EPFO account,
8 L in PPF account,
4 L in gold bond,
4 L in NPS,
Monthly expenses are:
30 k for groceries,
20 k for car,
30 K for adhoc,
20 K for kids education,
60 k for mutual funds,
25 k for ppf,
100 k lying in savings accounts.
As you see i dont know where to invest and left some money in savings accounts which is foolish. I also tried buying a good appartment but felt i dont need it as i already have 2 appartments. Dont want to invest further in mutual funds also as i feel i am already investing into it sufficiently around 60k monthly.
I need advice on 2 things
1. Am i investing enough for my age?
2. Where should I divert my investments like should i invest in real estate like others or somewhere else?
i only see myself working for another 10 years.
Our combined monthly earnings are :
3L in hand from salary,
16k rent from appartment,
30K epf monthly.
Investments so far are:
50 L (10 year old appartment)in tier1 city,
50 L (5 year old apartment) in tier 1 city,
27 L in mutual funds,
28 L in savings account,
45 L in EPFO account,
8 L in PPF account,
4 L in gold bond,
4 L in NPS,
Monthly expenses are:
30 k for groceries,
20 k for car,
30 K for adhoc,
20 K for kids education,
60 k for mutual funds,
25 k for ppf,
100 k lying in savings accounts.
As you see i dont know where to invest and left some money in savings accounts which is foolish. I also tried buying a good appartment but felt i dont need it as i already have 2 appartments. Dont want to invest further in mutual funds also as i feel i am already investing into it sufficiently around 60k monthly.
I need advice on 2 things
1. Am i investing enough for my age?
2. Where should I divert my investments like should i invest in real estate like others or somewhere else?
i only see myself working for another 10 years.