Monthly expense multiplied by 200 is retirement fund minimum
10 per cent investment should be in gold or gold paper
100 less age should be percentage invested in equity.
Real rate of return is interest less income tax less inflation
Check for SLR before investing. Safety, liquidity and return
If financial investment is less than 3 crore, real estate investment should be avoided.
5 basic needs are house, car, children education, children marriage and retirement
Ideal saving is 30 per cent Of gross monthly income. This includes pf etc.
4 schemes senior citizen saving scheme, pm vay vandan yojana, floating rate saving bond , systematic withdrawl plan debt fund ( offered by mutual funds)
Insurance should be ideally 10 times annual income
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