The individual expresses concern about their financial situation, having invested primarily in fixed deposits (FDs) which have not kept up with inflation. They express a desire to invest in property but have not yet taken action. They seek advice on investment options for wealth creation and express a fear of being too late to start.
Advice provided by various individuals includes diversifying investments beyond FDs, such as in mutual funds, index funds, and stocks. It is recommended to start with simple and boring investments, such as Systematic Investment Plans (SIPs) in Nifty 50 or Nifty Next 50, and a Flexicap fund. Other suggestions include consolidating holdings in a few banks, getting medical insurance, setting clear financial goals, and considering professional financial advice. The importance of starting small and building up knowledge of investing is emphasized.
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