How To Buy A Car 🚘

100-age rule is very dangerous if you follow it blindly. For the uninitiated it basically means that you invest (100-age)% in the stock market.

For example I’m 26 and let’s say I have 10 Lakhs. According to this rule I should invest 74% (100-26) in the stock market.

But what if this money is meant for my higher studies 3 years from now or a down payment for my home 2 years from now or to pay for my destination wedding next year. Did you know that Indian markets have seen a drop of 60% in a single year? There is nothing stopping from that happening again. So investing 74% of my money in equity for a short term goal is disastrous. You should instead invest in instruments such as T-bills, short term debt funds, small finance bank FDs, and secured bonds.

But how to implement all of this?

👉🏻 This Sunday (25th September), I’m conducting my 2-hour MasterClass again. We will be covering Goal Planning, My Secret Asset Allocation Strategy, Retirement Planning and Insurance Planning. I will also be sharing some of my proprietary tools which you can download and keep forever.

There is limited seating. Last time the seats were filled within 16 hours.

➡️ If you’re serious about finances I will see you Sunday LIVE. (The link is in the pinned comment)
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#financewithsharan #loan #loanofficer #personalfinance #financetips #savemoney