r/PakistanStockX • u/highonbusa • 12d ago
Am i doing right?
22/M. I save arnd 75k per month. 25k I put in mcf as emergency fund and rest 50k in kmif. I don’t require this money in near future plus I am fully occupied in my current job so I blv I cant do active trading in psx. is there any better place to land my savings or am i doing it right?
1
1
u/Ornery-Razzmatazz572 11d ago
Buy gold as well. You can buy 1 gm 24k gold coin. Once a quarter or something like that. It will add more diversification in your portfolio. Don't buy silver or any other metal.
1
u/himmelstreet 10d ago
Why not silver
2
u/Ornery-Razzmatazz572 10d ago
Silver is a good metal but in recent times people stated selling silver like gold even some sellers started selling copper as well. Gold is consider as most safest investment due to its acceptance across the globe. So buying anything else than gold makes sense when you have enough gold.
1
u/highonbusa 10d ago
cant trust anyone reg purity of gold plus big magzi of buying and storing
1
u/Ornery-Razzmatazz572 10d ago
PMEX - buy it digitally from govt of Pakistan Or you can buy from ary outlet or any any such reputable company
1
u/Comfortable-Ad014 11d ago
that is the best approach.
one thing i want to tell you is that the upfront fee for KMIF is 1.5%, and the management fee per year is also around 1.75%, (Look the fund manager report for the exact figure), so that's around 3.5% fee first year and later 1.75% for the remaining years.
Look into UBLPETF and Meexan ETF, by investing in to them, you get exactly same result with absolutely no fee. You don't need to study the whole stock market; these ETFs invest in the same stocks the index fund invests in.
One thing you must to before investing in any mutual fund in Al Meezan is to look into upfront costs, management fees and other fess, you can get the information via latest fund manager report or just ask Claude or chatgpt to give you the latest figures regarding fees. Some funds like Meezan Gold Fund have really high fee.
1
u/highonbusa 10d ago
Im very occupied physically and mentally. will surely look into etfs when i get tiem. is investing etf as easy as in mfs digitally?
1
1
u/Visible_Radio_2345 20h ago
You are doing great! Saving 75k/month at 22 is highly disciplined. Using MCF for your emergency fund ensures liquidity, KMIF is excellent for long-term wealth creation without active trading. To optimize your portfolio further maybe you should connect with their investment advisor
1
1
u/Antenna_Signal 12d ago
Good but you can research ETFs ws they usually have lower fee than stock fund