When you're young, you can afford to take risks and that's how I've created passive wealth.

Learn personal finance & investment instruments, understand the power of compounding.

(A Thread on my #PersonalFinance )

#Investment #PersonalFinance #Trading #wallstreetbets

SIP - Systematic Investment Plan

Started 6 years back with a very little amount, never paused and my average CAGR has been around 14% across 5 Funds. Currently investing in -

Equity (Large Cap and Multi-Cap)
Debt
Index
US Opportunities

#Investment #MutualFunds #SIP #Stock

But #SIP is not just limited to #MutualFunds, you can systematically invest in Gold, PSU Bonds, ETFs, RDs, etc but consistency is important in order to enjoy the wealth creation and compounding.

#Investment #Compounding #Finance #Stock

Stock Investing

Invest in the businesses you understand and let them make money for you, my current portfolio includes -

• ITC
• IRCTC
• Reliance
• HDFC Bank
• IDFC First Bank
• SBI Card
• United Spirits

#Investment #Stock #Finance #Trading

This is not a recommendation, Do your own research and pick your bets. Don’t let your friends or social media influence you. It’s extremely risky but rewarding too. Patience pays really well.

Hint - Debt Free, Market Leader Stocks

#Investment #Stock #Finance #Trading

Gold/SGB

I’m extremely bullish on gold and love to hold them on paper, Sovereign Gold Bond(s) are backed by #RBI and helps you earn 2.5% interest p.a. too.

You can purchase from Banks/Brokers and can be held in paper or Demat form. On maturity, you will get the value of Gold

PPF- Public Provident Fund

Minimum 1000 and Maximum 1.5L can be invested in a financial year and can be opened in any bank. (80C Benefits)

You get the awesome interest and the maturity amount is completely Tax-Free. Refer to the magical numbers -

#PPF #Investing #Finance

LIC/Insurance

I just hate mixing insurance with the investment so don't let your relative/uncle agree you buy a LIC policy.

Instead, get a nice Term and Health Insurance with a PPF account. Leverage real compounding with Tax benefits.

#Investment #Insurance #LIC

Fixed/Recurring Deposit -

Good and safe for people who don't wish to invest in stocks/MFs.

Low risk, low returns.

(Note - Only up to 5L is insured by the RBI doesn’t matter what's your bank deposit/savings amount.)

Personally, I don't like them.

Savings/Salary Account

Very important but most ignorant by people, currently IDFC First/IndusInd Bank offers 6-7% interest on the savings account where HDFC/SBI is offering 2.5-3%.

You don't realize this sh*t unless you get some real money as interest in your account.

#Banking

Cryptocurrency

Extremely risky and volatile - I've invested in #Bitcoin #Ethereum, recently made some profits with #dogecoin and #EnjinCoin.

So you may pick some digital coins with the money you can afford to lose in case if something goes wrong.

#Investment #Finance

I hope you enjoyed reading this thread. Checking out for now and please RT and follow for further posts.

Happy to help/answer any queries.
Happy Money Making