So your fiancé wants to get married in Santorini and honeymoon in Iceland. 🥲

Obviously, you don't have that kind of liquid money because you spent your 20s pissing away your salary on LIITs and jäger-bombs.

What next?

You started investing in some mutual funds 5 years back after listening to finance influencers but now the market is down.

But your baby💓 comes first so you decided to sell your mutual funds at a loss.

Hold on!

What if I told you, you could borrow against your mutual funds.

That's right. You can actually get a loan against your mutual fund for as little as 7-9% interest rate.

You can get up to 65% of equity mutual funds and 80% of debt mutual funds as a loan.

So instead of selling your mutual funds at a loss, you can actual keep it intact and borrow against it.

Before you do this, you can also explore loan against FD and loan against jewellery since they have lower interest rates.

You can also liquidate a little bit of your PPF or EPF balance for marriage purposes.

Or you could just not have an expensive wedding just to show off to your friends and peers. It's just 1 day of your life guys. Why spend 50-60% of your networth on 1 day?

If you're someone who is okay with a court marriage then hit me up 😇

➡️ Bottom line: Don't sell mutual funds because of an emergency especially in a bear market. You can get a loan against them and wait for the eventual recovery in the market.
.
.
.
.
.
.
.
.
.
.
#financewithsharan #loan #loanofficer #couplesfinance #investingtips #financetips #savemoney #moneytalks