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Ep 131 Ask Money Purse - Home Loan, Endowment Surrender, SME IPO

Original: EP-131 #ASKMONEYPURSE

66.2K views · Jul 23, 2023 · 20:10 min · Watch on YouTube ↗
Takeaway

Surrender bad endowment policies and redirect to mutual funds; postpone aspirational home purchase until cash flows comfortably cover EMI.

Summary

  • Vizag viewer with Rs 80k gross income, Rs 55k expenses, Rs 32k home-loan EMI for Rs 80 lakh house dream - cash flow doesn't support yet, wait 2 years or use future Rs 20k rental
  • Endowment policy: Rs 60k/yr premium for 4 years, surrender value Rs 1.47 lakh vs Rs 2.4 lakh paid - lose Rs 1 lakh but redirect to ELSS/small-cap funds is still better than continuing 12 more years
  • Explains SME IPO and HNI category risks: lower liquidity, lock-in, but oversubscription mechanics differ from mainboard
  • Praises viewer who got 4.96x bagger in PB Fintech tracking - new policy product still no stock momentum
home loanendowmentELSS
Original description
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Team Money Purse

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