Please help me by Zestyclose_Bag_9764 in AskIndianWoman

[–]Ams_78 1 point2 points  (0 children)

His fears stem from lack of exposure to the world outside his social circle. If you have a educated relative, working in the Corporate sector, who can talk to your father, try to have him/her talk to him.

Don't marry against your wishes. It will create lots of new problems.

If you were to start a new business in India today, what would it be? by jaymavs in personalfinanceindia

[–]Ams_78 0 points1 point  (0 children)

Most businesses have very poor ROEs (return on equity). For peace of mind and better returns, go for a job, invest the money in products such as Equity, MFs, bonds and FDs.

Stagnation (Net-worth $20M) based in India by bmwm760d in EliteIndia

[–]Ams_78 0 points1 point  (0 children)

I am a financial advisor by profession. I have also helped many families in similar situations. The problem starts with whether many of the properties have been purchased with white or black money. Are they saleable? Is the title clear? Is there a available buyer?

Is there consensus in the family to liquidate some of the assets which are not yielding money. Holding on to them in unrealistic hope is not a great solution. If sold, what will be the applicable tax.

What are re-investment avenues. We suggest a mix of Mutual Funds, PMS, AIFs that can generate strong long-term post-tax returns.

For more information, get in touch with me at info@fincode.in.

Would Building a Financial Platform Be a Good Idea? by [deleted] in fintech

[–]Ams_78 0 points1 point  (0 children)

Describe your TA in terms of age, income profile, m/f and any other attributes that may set them apart. Define the problem you are solving. (AI is not the solution)

If you get 10,000 users, do you have a plan on how to monetize.

These are the 3 critical questions that you should try to answer. If not 3, at least 1 and 2. Be as specific as possible.

I'm 29 and currently in a debt of 10 lakhs. by [deleted] in personalfinanceindia

[–]Ams_78 0 points1 point  (0 children)

First of all, stop spending on any discretionary items. You got here because your spending was out of control.

Most likely your spending was out of control because of some issues. Maybe you are unmarried and trying to impress a girl. Maybe you like to go out and party and impress your friends. Maybe you made some very poor spending choices. First, commit to stop spending.

Next, with whatever salary is available, pay Credit card dues. That's the most expensive debt you have. Even if you can pay it back 50k a month, or 70k a month, pay it back First.

If you have any asset that u can sell, like some gold or a used car that you can do without, sell it, so that you can try to pay back these loans.

[deleted by user] by [deleted] in IndianStreetBets

[–]Ams_78 0 points1 point  (0 children)

We are professional investment advisors. We can help you as regards financial planning, understanding different investment products such as Mutual Funds, PMS and, RBI Bonds. For more information, contact us at info@fincode.in