Buying house vs Investing
29M: I am working as a Software Developer with a monthly salary of 1M. I have a corpus of 35M which I saved for buying a dream house for my family. Currently, I live at my parents' house, which is now getting a bit inadequate.
I was 100% clear that I wanted to purchase a house worth 35M, until I saw a recent video from Furqan Punjani about generational wealth; it changed my perspective. Now I am thinking to invest 30% in cash funds and 70% in stock funds both for a period of 20 years.
I don’t have time to manage my portfolio or to go into the nitty-gritty since I am too consumed by my job. Also, this would be the first time I will be investing in Mutual Funds or anything online.
I need to get a perspective from experienced folks on whether this is a sane decision or not and what risks are involved. I belong to a middle-class family and my parents are more interested in buying a house but since I earn this money with a lot of hard work, I want it to work for me.
Would this be a sane decision?
Note: The corpus is 3.5 crore