Started a SIP at 21 because everyone said to. Two years later I have ₹40k saved and zero idea what I'm actually doing
Two years ago I opened a Groww account because every finance bro on Instagram said "start a SIP early, compounding is magic." So I did. ₹2000/month into some random mid-cap fund a friend recommended. Never checked it again, just let it run.
Checked it last week. ₹40,000-ish sitting there. Should feel good, right? Except I have no idea if that's actually a good return, no idea if I should be investing more aggressively or pulling back, no idea what "asset allocation" even means beyond the YouTube thumbnail I scrolled past five times.
Meanwhile I have a credit card bill I pay off "mostly" every month, no health insurance outside what my company gives me, and an EMI on a phone I bought because Diwali sale FOMO is real. So technically I'm "investing" and "in debt" at the same time, which feels like a very specifically Indian Gen Z way to be financially irresponsible while also doing everything right on paper.
Every finance influencer talks about SIPs and compounding like that's the finish line. Nobody talks about the part where you're doing the "smart" thing with one hand and bleeding money on EMIs and impulse Swiggy orders with the other.
Is this just me, or is "performing financial responsibility" (SIP screenshot, Groww app open, talks about compounding at parties) while actually being financially messy a whole generation thing right now?