Post
Personal Finance
1mo
seeking investment advice.
I am a mechanical design engineer with limited knowledge of finance. I need guidance on investments like SIP, SWP, and trading for future financial betterment. I am in Pune, with a current in-hand salary of ₹57,000 and paying ₹16,000 per month in rent. Please guide me on how I can invest my money to get better returns on investment.
a data analyst
1mo
SIPs are a great way to start if you're new to investing, they allow you to invest small amounts regularly and you don’t have to worry about market timing
misskick
1mo
works at
@a data analyst With ₹57K in-hand, you could easily start a ₹10K SIP while keepi... see more
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greatking
1mo
A Team Lead
Since you’re new to finance, avoid risky trading for now. Stick to SIPs or ETFs to grow wealth gradually. You can always explore trading later! 😊
joyfulworker
author
1mo
works at
@vivaciousbhindi thank you 😊
stylishjasmine
1mo
works at
Trading is risky without knowledge. Why not first understand stock market basics?
SEBI offers free courses for beginners.
joyfulworker
author
1mo
works at
@stylishjasmine yes , i will check, thank you 😊
a sales executive
1mo
SIP is a good option for beginners like you. You can start with small amounts and gradually increase them as your salary grows. Have you thought about a mix of equity and debt funds?
an analyst
1mo
ummm you can begin with ₹5k-10k a month and increase as you go. What are your goals for investing?
an educator
1mo
have you checked if your employer offers any investment related options like PPF or EPF that could benefit you?
a software developer
1mo
You can start with low risk options and diversify later. Have you thought about a budget for investments?
a management consultant
1mo
SIP bhai SIP best hai... knowledge hai SIP ki?
wineymoose
1mo
An Operations Manager
since you have ₹57k coming in, you could start with a small SIP of ₹5k. Focus on a mix of equity and debt for a balanced approach. Have you set any specific financial goals?
a process analyst
1mo
I’d suggest putting a small part of your savings in a liquid fund or FD for emergencies. esa kuch socha hai?
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