Sunday, March 4, 2012

Personal Investment Benchmarks

There is an interesting middle page in Economic Times Wealth.
I also have a benchmark for my finance.

My benchmarks are :-
1) How much to have for emergency?
The emergency amount should be maximum withdrawal from ATM.
It was Rs.15,000 earlier.

2) How much to save for retirement?
No saving. Remember you are a Hindu and shall become a sanyasi on retirement.
You may cheat if you want.

3) How much insurance do you need?
The monthly expenses on roti, kapda and maybe makaan for your family.
So invest enough in insurance so that you get monthly returns equivalent to above.

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