Hello Basu,
I have about 2,60,000 liquid reserve as of now but thats it.
Details and current portfolio:
Age:32
1: 1.5 lacs/yr PPF (4th year)
2: 1.8 lacs/yr ULIP(hdfc) 20yrs policy tenure I intend to complete the full tenure.Its 80:20 equity:debt but auto equity decrement by 1 % every year. (3rd year currently)
3: 1.2 lacs/yr ULIP(icici) policy tenure is 20 but i intend exit by 10yrs latest.(finish home loan?) Its 90:10 equity:debt.(1st year now)
4: NO RETIREMENT CORPUS PLANNED TILL NOW.
5: EPF and PF (10 years work experience as of today)
6: Unmarried.
LOAN #1:Current house emi is 71kpm(25 years period,current year is 2 only)
LOAN #2:Vehicle 13kpm (4 more years left)
GOAL A : My plan is to finish off the home loan by the time i hit 40-42.~QUESTION: What should(or should have been) my strategy regarding this ambition?
GOAL B : To have a sizable retirement corpus of atleast 2.5 to 3 times current inflation rate~QUESTION:How much should i invest and where without annuity plan? Investment period is 25yrs.
GOAL C: Start family in 2 years time and eventually start supporting family of 4.
Available resources: can invest maximum 25k per month currently on top of my current monthly sips.
I want to apologise for the lengthy query here …plus i wanted to keep this query private audinece because I am not sure of the business sense that i made or silly mistakes I made in my investments..hence wanted to keep my question to only sources that i trust like yourself.
Thanks and warm regards Basu!
Rahul BG