I am 33 years old I want diversification of fund planning to 30k month 1) mutual fund 5k 2) real-estate 5k 3) gold 5k 4) stocks 5k I have remaining 10k which means two 5k where can I invest give me the suggestion
Ans: Investing in mutual funds, real estate, gold, and stocks shows a commendable commitment to diversification, which is key to long-term financial success. Here's a suggestion for the remaining 10k:
Emergency Fund: Allocating 5k towards building an emergency fund would be prudent. An emergency fund provides a safety net for unexpected expenses or financial setbacks, ensuring you don't have to dip into your investments during challenging times.
Retirement Planning: With the remaining 5k, consider investing in a retirement-focused instrument such as a Voluntary Provident Fund (VPF) or a pension plan. These options offer tax benefits and help you build a corpus for your golden years.
Remember, financial planning is a journey, and it's essential to regularly review and adjust your investment strategy based on your goals, risk tolerance, and changing life circumstances.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in