A couple of weeks back, I hosted a space on Investments where Mohanakrishnan covered the first steps on an investment journey. This covered things like:
- Emergency Fund
- Health Insurance
- Asset allocation and..
- diversification
The snippets from the conversation are listed here.
Snippet 1 from yesterday's conversation on Investments.
— Arunmozhi (@tecoholic) May 10, 2021
– Different classes of assets with different risks & returns
– Don't put all eggs in a single basket
#1 is creating an emergency fund pic.twitter.com/DlPqo1UtYb
Snippet #2 – Insurance is NOT an investment.
— Arunmozhi (@tecoholic) May 10, 2021
– Rule of 72 to calculate approximately how many years it will take for money to double
– also to calculate the interest rate you are getting pic.twitter.com/1LrHqSJTuA
Snippet #3 Medical Insurance – Your first item on the emergency stack and first line of defence against economic ruin due to unforeseen large expenses. pic.twitter.com/XkfMJFBP94
— Arunmozhi (@tecoholic) May 11, 2021
A follow up on corporate vs individual policies and topup policies in #Health insurance. pic.twitter.com/Q9egtA6wlA
— Arunmozhi (@tecoholic) May 11, 2021
Snippet #4 Apartments as Investments
— Arunmozhi (@tecoholic) May 14, 2021
Buying an apartment for living in it might be a necessity for many of us. But does it make sense as investments? pic.twitter.com/FYepXbthOq
Snippet #5 Equity Investments
— Arunmozhi (@tecoholic) May 14, 2021
Equity (aka Company Stocks) is something we are always afraid of losing money.
Why they make sense and how much of the money should be allocated for it? pic.twitter.com/7VFISkwGfu
Snippet #6 Gold
— Arunmozhi (@tecoholic) May 14, 2021
The first thing that comes to our minds is Investments.
We think we cannot go wrong when putting money in Gold. It's for generations.
All true – But there is a catch… pic.twitter.com/RkFz7rkfUB
Author: Arunmozhi
Arunmozhi is a freelance programmer and an open-source enthusiast. View all posts by Arunmozhi
Arunmozhi 
How to divide the salary and how to divide the extra amount into small goals and where to invest to achieve those goals ??
If I don’t know anything about market, can I invest in mutual funds, (sip)
who can guide me to invest in which fund, %, for how long nu ??
How to find them ?
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Hi Purushotaman, things like fund selection, duration weightage ..etc, would probably require a conversation with a financial planner or an advisor. If you are not asking for the solution but tools to find your own solution. One excellent tool that I know of is the CapitalMind planner available here https://www.capitalmind.in/2019/10/capitalmind-plan-creating-your-personalized-financial-plan/ Kindly check this out.
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Another place is FreeFinCal blog website. There is a lot to learn there too.
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If I am a person with zero knowledge on investments apart from FD/RD, but want to start investing wisely in shares/SIP/funds etc, what is the right resource to start/learn?
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Pls guide me on how to start with it
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Hi Priya,
The site freefincal.com is an excellent resource for this. I came across this starter’s guide that you might find useful. I hope this helps. https://freefincal.com/beginners-guide-to-personal-finance-a-free-e-book-by-vinay-rai/
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