As a couple we have some mandatory financial goals as a family and some individual goals. Managing these dual priorities requires transparency, shared values, and a robust strategy that accounts for both the short-term joy and long-term security.
While family goals provide the backbone of our financial plan, individual aspirations keep the journey fulfilling. My husband prioritized assets like our Car and House. Meanwhile, I focused on personal milestones including my annual vacation with my girls gang and purchasing my first electric car.
Sharing here some of the core principles that guided our investment journey:
Being a conservative investor, my husband predominantly invested his savings in debt funds through NPS (a great instrument for retirement planning).
He diversified into SGB in 2020. It turned out to be a good hedge during Covid and the Ukraine war, serving as both protection and a gift for our daughter.
On the other hand, I have invested in equities, equity mutual funds, ELSS, and recently, a FoF (Fund of Funds). As a family, we are balanced with respect to our asset allocation and risk profile. Investing in liquid funds (emergency buffer), fixed income instruments, and gold indeed helped us during market drawdowns.
But the most important aspect what has given us peace of mind is our attitude towards risk and bear markets (not driven by panic) and our modest lifestyle.
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