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.
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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