Firstly, I would like to congratulate you on taking the decision to invest your hard-earned money rather than spending it on fulfilling things that can give short-term gratification.
On a whole, Equities are the best asset class as compared to Real-Estate, Bullion, or Debt Instruments. Considering this, an individual should invest in the following manner:
Equity Exposure % = (100 – Age of the Individual)
At a younger age, take higher risk by investing in Equity Linked Vehicles like Stocks, ETFs, Mutual Funds, Index Fund, REITs, etc.
If the quantum of money that you can put aside every month is very small, then going for SIP based approach for investing in Mutual Funds or Index Funds is the best way. This will help to generate returns, beat inflation and aid in creating wealth despite turbulence in the market.
Start small, stay focused, and build your wealth journey.
In line with this, I have shared an answer earlier that you might find helpful
Gurudatt Rao’s answer to Should you invest in mutual funds or stocks in 2022?
Hope this helps
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