Oops, I was so happy to get my hands on the money and now I am like was it really the bad decision.
First thing the EMIs, there would be 72 EMIs of 29000 and in the initial years bulk go it would be going to the interest part, which means the outstanding principal won’t be decreasing much. So yeah I can’t foreclose this loan!!
My mind thinks it’s a good deal but is it really. let’s analyse. But I felt like I was missing out many opportunities due to not having money in bank as in applying in IPOs. my last 2 IPOs are in loss, so yeah study and invest
okay I’ll list out the strategies with the 15 Lakhs!
I am not gonna buy a bike unless I make 5 lakhs profit and I am not going to lose money by trying to make 5 lakhs profit!
so yeah what’s the strategy
Strategy 1: Buy government securities pledge them and sell monthly options
Strategy 2: Apply for good IPOs in big HNI quota ie 10 lakhs to get allotment!!
Strategy 3: Study well and invest the money in stock to get good returns! Invest in 5 stocks of 2 lakhs each! take out principal and EMI for a year and ride the rest
Strategy 4: Invest in P2P lending platform!