2. Buy a term life insurance policy such that the policy value = 30-50 times annual expenses (add health insurance to this if required)
3. Park 10-20% of savings annually in liquid deposits (Emergency fund or for down payment on a house)
4. Invest 60-80 % of savings via SIP in an index fund or a basket of diversified mutual funds like HDFC equity.
The above is enough for 90% of the people to retire comfortably at the end of a 40 year working life. Anything beyond this just commentary !
So there you go – no need to listen to any broker , read this blog or any investing book J.----------------
Stocks discussed in this post are for educational purpose only and not recommendations to buy or sell. Please contact a certified investment adviser for your investment decisions. Please read disclaimer towards the end of blog.