Quantum of Investment for Mariners

 XXXXX:

How much sip is sufficient for Chief Officer please guide

Rajeeve Kaushik:

For every rank I suggest everyone must invest at least 35% of one's earnings. As a chief officer you will not be taking breaks for any exams and most probably you would have already completed your family so now the expenses will be more predictable for you.

So I would suggest minimum 35% and maximum whatever your wife and you are comfortable with.

The investment should always be made by equal SIP or stp round the year without missing anytime.

Investment should be on permanent basis till your required goals are achieved and you should not start selling just because the market has gone down.

Today the market has gone all time high so certainly in the next 2 or 3 months it will go down at such moments one should utilise the opportunity to make bulk purchases.

Your ability to hold on to your national losses during market downtowns and also the ability to utilise that adverse time to make more Investments or even watch everything happening steadfastly, will also bring about a great change in your character and your life.

Monetary loss is something that we are mortally scared of so when you will see that without your doing anything your portfolio is losing and also gaining you will become very equanimous. 

So more than you -your family and friends will observe that now nothing perturbs you or disturbs you and your able to take important decisions in life quite easily.