Need A Financial Product Forums Trading/Investments For my financial planning do I need to purchase house

This topic contains 2 replies, has 3 voices, and was last updated by  Bhavna 2 years, 7 months ago.

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  • #48508

    Sam Daniel
    Member

    I am 35 years old, married with 1 kid. My annual earning is Rs. 26 lakhs. I have a total savings for Rs. 50 lakhs. I have a term insurance of Rs. 1 crore. I am invested in Principal Growth Fund (G) via SIP. What do you suggest should I buy a house or stay in rented accommodation forever?

    #48509

    All the rentals paid by you during your lifetime will be a waste and you won’t be accumulating any wealth out of these rentals. I strongly recommend you to purchase house property.

    #48528

    Bhavna

    It is always advisable to have your own house as it is a necessity. You may ask this for buying second home where you should compare different investment options.

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