Here's a comprehensive breakdown of how I achieved my 1 crore net worth milestone:
Investment Breakdown:
1. Indian Stocks: 27.15 Lakhs
2. US Stocks: 0.45 Lakhs
3. Mutual Funds: 41.48 Lakhs
4. EPF: 23.88 Lakhs
5. ESOPs / RSU (Vested): 10.35 Lakhs
6. In Bank: 2.0 Lakhs
About me:
I'm a 31-year-old married individual with a pre-tax salary of 50 lakhs in cash and 20 lakhs in stocks. Additionally, I have a joint home loan commitment for an under-construction property (Full Cost 1.6 Cr), standing at 1.4 crores.
Future Expenses:
1. Child-related expenses.
2. Closing Home Loan.
Investment Strategies:
- SIP (Systematic Investment Plan): Started with 30K/month in 2017, now investing 75K regularly.
- Stocks: Initially experimented with individual stocks, learned from mistakes, shifted to smallcases, and maintained select positions.Now, I invest 20k-30k only if there is a 5% correction in the stocks in my portfolio. Patience and compounding are the key.
- ESPP (Employee Stock Purchase Plan): Contributing 60K.
Major Financial Expenses:
1. Marriage (My contribution): 15 Lakhs.
2. Car (My contribution): 6.5 Lakhs.
3. Home Loan Downpayment (My Contribution): 16 Lakhs.
4. Cryptocurrency Fiasco: Initially gained, then lost significantly. Decided to exit crypto investments.
Note: This breakdown doesn’t include my family and my wife’s net worth.
Cheers to financial milestones and continuous growth!
EDIT:
Mutual Funds that I have been investing in and their XIRR:
1. Mirae Asset Large & Mid Cap (25K) : 22.47%
2. ICICI Prudential Blue Chip Fund (12.5K): 21. 94%
3. HSBC Small Cap Fund (24K) : 25.86 %
4. Canara Robeco Blue Chip Fund (12.5K) : 19.44 %
Investment Breakdown:
1. Indian Stocks: 27.15 Lakhs
2. US Stocks: 0.45 Lakhs
3. Mutual Funds: 41.48 Lakhs
4. EPF: 23.88 Lakhs
5. ESOPs / RSU (Vested): 10.35 Lakhs
6. In Bank: 2.0 Lakhs
About me:
I'm a 31-year-old married individual with a pre-tax salary of 50 lakhs in cash and 20 lakhs in stocks. Additionally, I have a joint home loan commitment for an under-construction property (Full Cost 1.6 Cr), standing at 1.4 crores.
Future Expenses:
1. Child-related expenses.
2. Closing Home Loan.
Investment Strategies:
- SIP (Systematic Investment Plan): Started with 30K/month in 2017, now investing 75K regularly.
- Stocks: Initially experimented with individual stocks, learned from mistakes, shifted to smallcases, and maintained select positions.Now, I invest 20k-30k only if there is a 5% correction in the stocks in my portfolio. Patience and compounding are the key.
- ESPP (Employee Stock Purchase Plan): Contributing 60K.
Major Financial Expenses:
1. Marriage (My contribution): 15 Lakhs.
2. Car (My contribution): 6.5 Lakhs.
3. Home Loan Downpayment (My Contribution): 16 Lakhs.
4. Cryptocurrency Fiasco: Initially gained, then lost significantly. Decided to exit crypto investments.
Note: This breakdown doesn’t include my family and my wife’s net worth.
Cheers to financial milestones and continuous growth!
EDIT:
Mutual Funds that I have been investing in and their XIRR:
1. Mirae Asset Large & Mid Cap (25K) : 22.47%
2. ICICI Prudential Blue Chip Fund (12.5K): 21. 94%
3. HSBC Small Cap Fund (24K) : 25.86 %
4. Canara Robeco Blue Chip Fund (12.5K) : 19.44 %