Want Specific Advice regarding Investing for the first time

Vijay_Kiran · May 19, 2020, 7:54pm

Hi Samy,

While your questions are specific but your profile is vaguely presented. With having age of early 30s means probably between 30-35 years of age. Assuming you are not married and your savings will be less than 25 lakhs in lumpsum (if saved more than really you deserve pat on your back). So broad answers are like this:

Keep your money safe in Bank FD and post office preferably distributing equally among 3/4 banks including pvt banks and public bank like SBI.
IMO, if you put money in stock or mutual fund or forex trading without any serious study, hardwork and knowledge you are more likely to lose money most of the time. Therefore learn for at least 5/6 years about various nuances of investing before putting actual money.
Any exposure to market linked product is very risky. Since you are not earning presently then it makes no sense to risk your money without knowledge.
Even if you don’t want to follow anyone advice here and want to do as per your own mind and belief then also take this thread printout and revisit after 5 years with your actual result of investing journey. I believe you won’t be surprised

All the best!