The conversation between human and AI assistant.
I am a 21 year old software engineer making 300K a year. What are the best Systematic Investment Plans?
Yes, please. How much should I invest and for how long?
It depends on your risk profile and financial goals. As a software engineer making a good salary, you could aim to invest around 10-15% of your monthly income. I would suggest starting with a smaller amount and gradually increasing it over time. Ideally, you should invest in SIPs for at least five years or more to get the most benefit from compounding.