seekingtreeoflife
New member
Hi,
We are a couple in our mid twenties (27/26) and we would like your suggestions to help us plan our investments/retirements. We make decent living and after paying taxes and all other expenses, we save about 13,00,000 ₹ per year. We believe that we can keep on investing the same amount (if not more) for next about 4/5 years before we make the decision of buying our own house. We would still be able to invest after 4/5 years but it might not be as aggressive as it is right now.
Due to very little time at hand, I was unable to keep constant watch on our savings and have invested about 18,00,000 ₹ in bank fixed deposit accounts and about 6,00,000 ₹ in bank current account. However, I would like to change that and start paying more attention to our investment options so that I can achieve the following goals for our investment.
A few ending notes:
We would like to invest in various financial instruments but properties. Do financial gurus have any advise for us?
Thanks!
We are a couple in our mid twenties (27/26) and we would like your suggestions to help us plan our investments/retirements. We make decent living and after paying taxes and all other expenses, we save about 13,00,000 ₹ per year. We believe that we can keep on investing the same amount (if not more) for next about 4/5 years before we make the decision of buying our own house. We would still be able to invest after 4/5 years but it might not be as aggressive as it is right now.
Due to very little time at hand, I was unable to keep constant watch on our savings and have invested about 18,00,000 ₹ in bank fixed deposit accounts and about 6,00,000 ₹ in bank current account. However, I would like to change that and start paying more attention to our investment options so that I can achieve the following goals for our investment.
- Yearly rate of return should be around 8-10%. (Assuming it is good economy and nothing goes south)
- Plan retirement options such that we can retire around 45/50ish.
- The resulting money should allow us to invest in various instruments for the future kids
- Don’t have to review my investments more than 5/6 times a year.
A few ending notes:
- Debt/Loans - We have loans of about 15,00,000 ₹ but at the rate that we are paying, we believe that it should be paid off in next three/four months.
- Emergency Funds - We have sufficient emergency funds for six/eight months.
- Insurance - We currently do not have any kind of life insurance. We just have health insurance.
- Retirement Savings - We don’t have any retirement savings.
We would like to invest in various financial instruments but properties. Do financial gurus have any advise for us?
Thanks!