I want to consistently save a % my salary every month and want to diversify my savings portfolio. How do I go about it?
Heard about the “100-Age” rule?
The 100-age rule of asset allocation is a guideline that helps investors determine their asset allocation based on their age. The rule suggests allocating 100 minus their age in stocks, with the remaining amount in bonds or other fixed assets.
Although this is the ideal way you should start your investment journey, there are some hacks which can help you grow your equity curve. For eg: whenever you see the market crashing, allocate surplus money into good quality stocks and hold them for good returns in the long term. This is one of the way you can lower your average cost of holding equity in the longer run.