When I think about the last FY, two things stand out. Firstly, the stoppage of my regular income stream as I am rendered jobless since January'24. Secondly, my 'mad' rush to increase equity portfolio to cross the 'psychological barrier' of 1 Cr. There is no addition to permanent asset, although I kept searching for some commercial land.
1. Equity Investment: Total Purchase: Sharekhan = INR 4,02,660/- Zerodha ~ 1,80,000/-. The rise in sharekhan worth - from 8.05 Lakh to 21.19 Lakh only in last FY as per NSDL statement. Similarly from MF, around 6 Lakh increase in total value of my MF portfolio. These are baby steps towards 1 Cr equity portfolio. Some amazing stocks for me are Tata Motors, DLF, REC, ITC etc. Currently my SIP is around 15K per month. This year, I also started Sovereign Gold Bond, and even gifted the same to Om bhagin. However, selling at right time and option/Future trading are something I want to understand and apply. Tapan has become a good partner to chat on equity investment.
2. Other investment (Mridul, Rubber, Rent): I started the 'notorious' lending business in collaboration with Mridul. If it is 2.5% monthly, Mridul takes 0.5%. This all started when Mridul took some money for his purchase of Ghy land. As on today (May 9, 2024), there is only 2 Lakh in circulation. Interestingly, I don't know a single borrower here, and Mridul is the only common thread. This is a risky proposition.
The Rubber plantation turns out to be quite profitable. In phase 1, I invested INR 54,946/- and took home INR 66.150/- after investing an additional separate portion in phase-2. In phase-2, I had to invest another INR 35,000/-, but already took INR 87,000/- home. Still there are a few thousand samples left and details of phase 2 closure needs to be worked out. Although profitable, phase-3 might not be possible as there is more supply than demand already in market.
Rent from the 2nd floor has started coming for my investment of INR 2,50,000/- during construction time. I received INR 30,000/- from Maa in the last financial year. This is dependent on Maa's willingness and I never ask Maa upfront.
Not to forget the apprx 1 lakh I got for the Dudhnoi for 4-lane expansion project.
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| New car was the biggest financial decision of last FY |
3. Retirement (PPF, NPS, APY, EPF) - All my retirement planning are 'sure' kind of investment and I think this should suffice. Last FY, my PPF interest was INR 88,227/- and I am sure to make it 1 lakh next year. The interest of EPF is a great discovery; total amount in EPF as on today is around 15,39,753/- considering only employee and employer share and not considering pension amount. The interest calculation is something I need to understand.
4. Fixed Deposit- My policy of no FD in my bank account continued. I shifted the emergency fund to Nina's Canara Bank account. Opened one Corporate FD with Sundaram Finance in Maa's name for around 9.2% annual return.
5. Rodalee and Nina - I have been trying to inculcate Nina's interest in money management, unsuccessful until now. Her Zerodha, Coin are streamlined. She also opened an account in Post Office's Mahila Samman Scheme. For Rodalee, I opened Sukanya Samridhi. I believe that itself would be sufficient for her 2 decades later. I hope she gets good government instt and scholarships.
6. Pending financial points: Buying a health policy, opening a ULIP, buying more piece of land and develop the Dudhnoi or Mirza land, creating more avenues for passive income.
7. On expense trend: There is no drastic change in consumption pattern. Travel/Recreation has touched the bottom. Being at home saves lot of money. I can't thank CSoD enough, although the farewell is not something I wanted without any option at hand. The new expense I started for PhD would be giving amazing return in the long run, I believe. Childcare is a new addition, and jump in transport expenses is noteworthy.
8. For next year: First thing, don't delay writing this post for 1-2 months, by building castle in air that you will create an extra-ordinary post with lot of graphs and numbers. Secondly, I am going to track Need, Want and Investment in three categories from next year. Will the distribution based on the monthly income. However, the biggest event would be to get a job. I am not in a position to survive without a job as on today.
9. Outflow Table:
10. Inflow table:
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