Share
Team lxme

Team lxme

Advanced girl

OMG! To be in the presence of you, you badass woman. We’re in awe! Truly! *raising our glasses*. You’re pretty much the financial feminist we speak about so kudos! 

But Dear Advanced, there’s always room for improvement… You know that right ;). So while you’re doing a fabulous job investing your money, make sure your portfolio is diversified.

So honey, let’s get cracking! 

1. Asset Allocation  

Meet our best friend, Asset Allocation. She’s got some pretty cool tricks up her sleeve. It’s easy, Asset Allocation simply means investing in various asset classes based on your financial goals. Your asset allocation will depend on your personal circumstances, financial goals, time-horizon and your willingness to take risk or your risk appetite.  

So what happens here? You safeguard yourself from one investment scheme thereby balancing out risk and benefiting from returns across various instruments.

To read more about Asset Allocation, simply click here: Asset Allocation: The Golden Key to Investing Smartly!

A Diversified portfolio is the KEY to right Financial Planning! 

2. If this is what it means to be a Gold digger, then sure! 

Pssstttttt… ladies, if you’re interested in investing in Gold (we know you are ;)) we’ve got something for you. Check out this video on the various Gold instruments to invest in. Click here.

You can start investing in Gold Savings Fund or Sovereign Gold Bonds! 

For gold Savings Fund: My Money Tab

For SGB: Just create a post on the BeingLxme community and tag the Lxme Money Coach or drop a comment. You can also get in touch with us at 02916661010 or email us at contact@lxme.in for more details.

3. Ensure to periodically re-evaluate your investments and update your financial plan.

Rebalancing your portfolio is a must as you keep achieving and adding new financial goals in your plan. This is dependent on income changes, acquiring or paying off debt, age and your financial goals and priorities. 

As you work towards optimising your financial plan, do ensure you have these key goals covered!

The 4 pillars of GOOD financial planning are 

Planning for your Future Goals 

Hold on, they may sound a little scary but THEY’RE NOT! Sharpen your pencils and bring out the calculator, because ladies, we’re getting down to business!

Emergency Fund 

1. An Emergency Fund is essentially your safety net! If something goes wrong or you’re faced with an unforeseen medical or financial emergency, your emergency fund will rescue you.

The general rule of thumb is to have 6 months of your family’s expenses parked aside in a liquid and easily accessible investment avenue. 

So look no further, Lxme’s ultra short term fund best suited for a time duration of 1-11 months and targets a 6% return can be used to build your emergency fund (better than Savings Account). Easy withdrawal ensures your money is accessible whenever you need it. 

Read more: What are Emergency Funds and why should everyone have it?

Retirement Fund 

2. A Retirement Fund is going to ensure you maintain your lifestyle and can pay for your expenses even post earning an income. So the earlier you start building that retirement corpus, the larger it’s going to be. 

Wondering how much you should be saving up for retirement, check out the Retirement calculator. Click here

Pro tip: To invest for your retirement, start soon, stay invested and target returns of 14%* with the Lxme Long-term Plan and 15% with the Lxme Equity Fund. Start here: My Money Tab

Health & Life Insurance

3. A Health & Life Insurance is a MUST ladies, we cannot stress this enough! Getting the right plans for you and your family ensures you are ready to tackle any emergency that comes your way. You don’t want to break the bank in case of a medical emergency and lose all your savings!

Wondering where to start and which policy to buy? Just create a post on the BeingLxme community and tag the Lxme Money Coach or drop a comment. You can also get in touch with us at 02916661010 or email us at contact@lxme.in for more details.

Read more here: Are you making these excuses while getting insurance?

Life Insurance or Health Insurance: Which one should I get?

Planning for your Future Goals 

4. And lastly, plan for your goals whether it’s a beautiful house by the beach, getting into your dream college, or investing for your child’s future; your goals need money and we’re here to see you achieve them!

Check out our long-term, short-term, long-term, equity and debt plans here: My Money Tab

And that’s it, dear advanced! Go forth and slay your money goals coz girl you’ve got the moves we’d like to see!

Now remember, the Lxme account opening is Easy peasy lemon squeezy, takes only 5 mins AND you win reward points worth Rs. 10,000, that you can save on your favourite brands like ClearTrip, Sugar Cosmetics, MyGlamm, Lifestyle and many many more!

Read more: Open an Account with Lxme and earn exciting rewards

myntra nykaa cleartrip McDonald's

New Investor? Request a Callback.

Fill in your details and we will guide you at every step

    other blogs
    Ladli Behna Yojna 2024
    Career Saving November 2, 2024
    How to Apply to Chief Minister Ladki Bahin Yojana and Ladli Behna Yojana online?

    The Mukhyamantri Ladki Bahin Yojana Maharashtra and Mukhyamantri Ladli Behna Yojana Madhya Pradesh are government schemes designed to support and empower girls from economically weaker sections. The Laadli Behna scheme and Ladki Bahin Scheme provides financial help to families with daughters, aiming to strengthen their financial stability. This schemes has been succesfully implemented in Madhya How to Apply to Chief Minister Ladki Bahin Yojana and Ladli Behna Yojana online?

    By Siddhi Sharma
    Share
    Nari Sashaktikaran Yojana
    Saving October 21, 2024
    How to apply for Nari Sashaktikaran Yojana Online?

    Neha: Hey Riya, have you heard about the Nari Shashaktikaran Yojana? It’s supposed to empower women with financial help! Riya: Really? Sounds interesting! But, how do we even apply for that online? Neha: I was just about to look it up. Let’s find out together, I found a blog on the same In today’s world, How to apply for Nari Sashaktikaran Yojana Online?

    By Siddhi Sharma
    Share
    Lifestyle Money Hacks
    10 Best Ways To Make Money From Your Phone

    Reality check time! What’s your screen time? Is it…. More than 4 hours per day? Well, don’t feel bad, the average is 6 hours 40 minutes. Now that you spend so much time on the black cuboid in your hand, isn’t it time to monetize it? In today’s digital age, figuring out how to earn 10 Best Ways To Make Money From Your Phone

    By Tanya Saksena
    Share