Hi sir i am investigating ppfas in 6k per month and i am paying gold chit 12k per month and also recently bought land arount 9l now i am paying emi per month 30k still i have 10k per month in which way I invest that 10k

Ans: It sounds like you're already making some significant investments in PPFA, gold chit, and land, which is commendable. Since you have an additional 10k per month to invest, here are some suggestions:
1. Emergency Fund: Ensure you have an adequate emergency fund set aside in a liquid and easily accessible account. Aim to have at least 3-6 months' worth of living expenses saved up to cover any unforeseen expenses or financial emergencies.
2. Debt Repayment: Evaluate if there are any high-interest debts, apart from your existing EMI for the land purchase, that you could pay off faster. Prioritize debts with high-interest rates to reduce your overall interest payments and improve your financial health.
3. Diversified Mutual Funds: Consider diversifying your investment portfolio by allocating some of the additional 10k per month to mutual funds. Look for funds that align with your risk tolerance, investment goals, and time horizon. Diversification helps spread risk and potentially enhance returns.
4. Retirement Savings: Allocate a portion of the 10k towards retirement savings, especially if you don't have other retirement accounts or pension plans. Retirement funds invested early can benefit from the power of compounding over time, helping you build a substantial nest egg for your future.
5. Health Insurance: Invest in comprehensive health insurance coverage for yourself and your family, if you haven't already done so. Adequate health insurance can provide financial protection against unexpected medical expenses and ensure access to quality healthcare when needed.
6. Education or Skill Development: Invest in furthering your education or acquiring new skills that could enhance your career prospects and earning potential in the long run. Consider courses, certifications, or workshops relevant to your field or areas of interest.
7. Real Estate Investment Trusts (REITs): Explore the option of investing in REITs, which offer exposure to the real estate sector without the need for direct property ownership. REITs typically distribute rental income to investors as dividends, providing a source of passive income.
Remember to review your financial goals periodically and adjust your investment strategy accordingly. It's also advisable to consult with a Certified Financial Planner (CFP) to tailor an investment plan that suits your specific needs and circumstances.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner
www.holisticinvestment.in