I thought this was something reserved for anecdotes, books and | FitRichSane
I thought this was something reserved for anecdotes, books and for senior citizens.
I was talking to a friend, who is a government employee.
Total investments:
1) ₹3,000/- per month in one LIC policy
2) ₹4,000/- per month in another policy
3) ₹25,000/- annual lumpsum in equity mutual funds
I calculated, the expected CAGR. 4.6%.
Needless to say, all through an uncle, who is her father's friend.
Turns out that people who approach me professionally for financial advise are already aware