Conquered 1cr milestone today by investing in Mutual funds

[doyouknowmyfather]

@daylecranfield How much % should you invest in index fund per month? and how long? (noob here)

 

[daylecranfield]

@doyouknowmyfather Depends on your monthly expenditure. But regardless of how high your expenditure is, minimum 10–15% of your monthly income should be invested.

 

[doyouknowmyfather]

@daylecranfield I don't have any big expenditures or loans at the moment. 46k in hand monthly

 

[daylecranfield]

@doyouknowmyfather Follow whatever I say with caution, but this is what I suggest, to reduce analysis paralysis:

1. Imagine you lose your job tomorrow, what will you do? Have 6--9 months of required monthly expenses in an FD as 'emergency fund'.
2. If you're saying 46k can be all invested, then keep maybe 60% of it in index funds monthly, 15% in high performing active small cap (playing with fire but with exciting returns), and 25% in additional debt fund or FD.

Hope that helps.

 

[doyouknowmyfather]

@daylecranfield Thanks for the insights. I'll definitely take these into consideration

 

[daylecranfield]

@doyouknowmyfather My pleasure.

 

[cdw]

@jamie2 Aur hum yaha 30k per month pe atke hai thanks to shitty appraisals. Posts like these are what I need to set future goals.

 

[truthevenifyouhateit]

@cdw Same bro

 

[johnpereless]

@leras Congrats op, glad to see others who get it. The biggest and sureshot roi comes by investing in self, I always say that but everyone in my circle thinks they're the wolf of wall street.

If you don't mind, sharing your yearly progression of investment size will help motivate.

 

[leras]

@johnpereless Thanks! Below graph should answer your question.

https://preview.redd.it/5ne53qlf2uf...bp&s=fefdf8cb73c7272c6820c8747b3f165a4a2959ca

 

[zashmaster]

@leras Hmmm... Still feel that there are issues. The invested amount should be a more steady upward curve right? Why is it showing a huge dip during market corrections...

 

[summer65]

@zashmaster he must have withdrawn during those dips shown in graph

 

[leras]

@summer65 I like how you assumed gender.

 

[ronsautojax]

@leras Damn. I'm so happy now.

 

[straykat]

@leras

 

[summer65]

@leras oops

 

[leras]

@zashmaster I withdraw money for various expenses two times in between.

 

[elainediamond]

@leras With what amount you started? And was it all lump sum or SIP or mix of both?
This is very inspiring, well done OP!

 

[densi]

@leras I started my investment journey 30 years ago (value of the Rupee was of course much more then). 10 years for my first crore. It was 6 crore 9 years later and 17 crore today, though I stopped working some years ago. The difficult thing is making your first crore. You have started well. Congrats !

 

[charleeboy]

@densi This. The first crore takes a painstakingly long time to accumulate but once you get there, you really get to see compounding rear its head.