The main course for success

In our previous segment, we delved into tailored investment strategies for individuals aged 25 to 35. Now, we shift our focus to the financial considerations and model portfolios designed specifically for those in the 35 to 50 age bracket. Model portfolios for 35 to 50-year-olds Meher and Karan are your usual mid-30s couple. They are mid-level managers, draw a combined salary of Rs 3 lakh per month, have two young kids, and care of their ageing parents. Like any ambitious couple, they want to buy a home, amass enough money for their retirement, and provide the best education to their young ones. Luckily for them, they understand how inflation weakens the value of money with every passing year. So, simply stashing the money in a savings account or giving a retro tribute to the tijori (vault) won't do. They'd need to invest across different funds to meet their life goals. So, in their (and your) interest, we decided to lay out a Rajasthani thaali to show how feasting and financial planning are similar in more ways than one. Monthly expenses such as rent, utility bills, groceries, and children's school fees, will be a staple like baati is in a Rajasthani thaali. Since Meher and Karan live in a big city, away from their parents in Jaisalmer, their fixed expenses are on the higher side. For those of you who live in your own house or a smaller city, your fixed expenses will be lower. In that case, feel free to up your allocation to meet your other goals. Priority: Very high. Investment horizon: It's a lifelong process. What you should do: Keep your money in a bank savings account. Like many people in this age group, parents' health and wellbeing is a priority. You need to keep aside 6-7 per cent of income for the same. Better still, your parents should have a health insurance policy. If t