1. Save atleast 20% of what you earn

2. Buy a term life insurance policy such that the policy value = 30-50 times annual expenses (add health insurance to this if required)

3. Park 10-20% of savings annually in liquid deposits (Emergency fund or for down payment on a house)

4. Invest 60-80 % of savings via SIP in an index fund or a basket of diversified mutual funds like HDFC equity.

The above is enough for 90% of the people to retire comfortably at the end of a 40 year working life. Anything beyond this just commentary !

So there you go – no need to listen to any broker , read this blog or any investing book :).

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