The first step to any long term investment plan is to understand where we are at present. So, to start with you need to list down your existing networth. For example, you can have a list as follows:         Provident   Fund    100,000        PPF    50,000        Bank FD    50,000        Mutual   Funds-Equity    150,000        Mutual   Funds-Debt    50,000        Cash In   Savings Account    30,000        House    2,000,000        Housing Loan    -4,000,000        Others    0        Total    -1,570,000    A couple of things to note here. 1. I am not calculating the value of any gold/silver jewellery that you may be having. Indians, typically are not very keen on selling their family gold/silver so it really does not count as investment. You can think of it as an additional bonus if you do have gold/silver. 2. I am including the housing loan you may have as a negative here under the assumption that that is your primary home and not a second home bought for investment purpose. Also, I am ...
 
 
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