Hi Naman, apologies for late response was travelling for the last couple of days.
Yes, that’s my plan but the issue with me is I’m not sure where to invest as of now. I’ve done research but I’m not sure what’s that ‘one thing’ that I should start with. Equities can give the highest return (which to be clear is not what I’m aiming for just even some good annual return of 12-15% will be a good start for me) but they require a lot of research + you have to stay in track. Which is a good thing as you learn a lot. But again, as others said boosting my source of income should be my priority and I get only 2 days a week for working on that along with learning about the places I have invested in. So, it’s not possible for me to give so much time to the equities I have invested on. In the mean time I wanted to invest on ‘something’ which is ‘safe’ and can give at least somewhat compounded interests. Higher the better but at least 12-15% is what I’m aiming for. Say something like mutual funds. Because time is the biggest factor when it comes to investing. I read this story and it was quite fascinating to me that how much time impacts investing. Hence I’m so worried about investing early and my money being inflated. Though I completely agree with you that people make mess when they are in hurry hence I came to this amazing forum where I can learn from amazing folks who know a lot more than me. I just need to find that ‘one thing’ in which I can get started. So far index funds look good and ‘safe’ along with some small cap funds (at least in long term with good returns) but I have heard news that currently we are going through a bull run so it might go down soon nothing a long term investor needs to worry about but what if the mutual funds I invested in went down with it. That’s why where to start is confusing me a lot. If I found it. I’ll probably invest an sip on that of less for now (say 5k per month) and keep on increasing it on yearly basis to a higher monthly sip which meets my set money goal according to the give time period I have.
Thanks!
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