The individual is planning to sell a shared property and anticipates receiving around 1.5 Cr from the sale. They are considering either buying a new house with the entire amount or purchasing a flat for around 70 Lakhs and keeping the rest as backup money. The individual’s father suggests buying a villa, but they believe it’s wise to have some backup money and generate passive income. The individual plans to consult a financial advisor but seeks opinions on the matter.
Many people suggested investing in a villa or independent house, as it is a one-time investment and can bring positivity to life. Others recommended investing in land and constructing a house or maintaining a balanced asset allocation considering age and financial needs. Some emphasized the importance of securing health and term insurance and investing in skills for future growth. The idea of investing in high-risk, high-return assets was also popular, given the individual’s young age.
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