Sir I am 25 years old. I started investing at 23yrs of age and I have more than 4lakhs investment. 2lakhs in stocks and remaining is divided in small cap, mid cap, flexicap and infrastructure. Monthly I have sip of 6000. I have a dream of making a house for my family within 5years which will cost near about 2crore according to inflation rate. Please suggest me some investment plan. Thank you
Ans: Wow, that's a fantastic start! You're young and already investing – that's super smart. Having Rs. 4 lakh saved by 25 is impressive. Let's discuss your dream home and how to make it a reality.
5-Year Goal vs. Investment Strategy
A 2 crore house in 5 years is an ambitious target. Investment markets are great for long-term growth, but short-term goals require a different approach.
Focus on Saving & Security
Here's what I recommend for the next 5 years:
Prioritize Saving: Increase your monthly savings to reach your down payment target.
Lower Risk Investments: Invest in safer options like debt funds or fixed deposits.
Debt Funds for Stability
Debt funds invest in bonds and government securities, offering lower risk and predictable returns. This stability is key for your short-term goal.
Review and Reassess
After 5 years, you can revisit your investment strategy. With a down payment secured, you can explore options for financing the remaining home cost.
A CFP Can Help Navigate
A Certified Financial Planner (CFP) professional can create a personalized plan for you. They can help with:
Savings Strategy: Develop a plan to reach your down payment goal.
Investment Mix: Choose low-risk investments for the next 5 years.
Future Home Financing: Guide you on exploring loan options after 5 years.
Remember:
This is a general roadmap. A CFP can tailor a plan considering your income, risk tolerance, and existing investments.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
