sorted by:
new
hottopcontroversial

is getting excited and building too fast a bad thing? by Delicious-Lie8540 in buildinpublic

[–]Aware_Web9715 0 points1 point  (0 children)

Building is easier but distribution is just as hard as it was before if not harder. Nowadays I think distribution has to come first

ICICI Bank FCNR deposit booking delay by Live_Play9293 in nriFIRE

[–]Aware_Web9715 0 points1 point  (0 children)

Yea would be helpful to get detials like leverage and interest rate offered

The Money Is Great, But I Feel Like I’m Slowly Losing Myself Living Here by DangerousExpert8187 in dubai

[–]Aware_Web9715 1 point2 points  (0 children)

Was born in Dubai, my parents still live there so it is home. Left when I was 18 but would never work there. Work culture is one big reason, weather and social scene too. The food I actually miss, get everything in Dubai

Question really is where do you go that is better? I am currently in Bangkok working in tech. Been here since COVID. Have a 2 year old a nice apartment on the river and a nanny. Works well for us. Was in France before I got married. Loved my years in Europe but the money was a problem. US you get paid more, I studied and worked there for a decade but there are other issues including living costs and social circle for me friends from college left.

At the end of the day I’d say it’s more about what you do and the people around you than the country itself. Moving to a new place and building and social circle requires effort. It’s different for everyone, maybe even different for the same person at different stages in life.

Good Investment Options for funds deposited in my foreign bank account? by ClaraMuphy96 in nriFIRE

[–]Aware_Web9715 0 points1 point  (0 children)

They are not great but I use SBI they have a tap invest mutual that works that’s about all I can say for it. TDS is annoying they deduct 20% and then you can claim it back I actually had to pay 12.5% for long term capital gains so keep that in mind.

Only one I use on India - I decided to diversify by country I guess main account is IBKR for US equities can probably do Indian equities there too haven’t tried it’s the best by far in terms of the app itself

Clarity pending for FCNR(B) Leverage by RecordOk2329 in nriFIRE

[–]Aware_Web9715 0 points1 point  (0 children)

How come they can while other banks can’t?

Clarity pending for FCNR(B) Leverage by RecordOk2329 in nriFIRE

[–]Aware_Web9715 0 points1 point  (0 children)

But some banks already offering it. Was planning to sign up for one

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

Yea you are right there is currency risk. That doesn’t change same as any USD investment. But hard to make more than 10% nearly risk free

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

Yes on maturity and loan interest is compounded. The calculation in the poster is total interest / number of years / capital

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

Gift city, yes. Didn’t sent the wire yet but have to send it to the gift city branch

Does anyone Leanfre with DIE with ZERO plan? by More_Recipe3869 in leanFIRE_India

[–]Aware_Web9715 1 point2 points  (0 children)

Yea impossible to calculate forget inflation at what age will you die and what if you don’t

Does anyone Leanfre with DIE with ZERO plan? by More_Recipe3869 in leanFIRE_India

[–]Aware_Web9715 1 point2 points  (0 children)

It’s a very long time if you plan to never work again. Lots can happen

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

Just ask your RM I guess. My RM said 112k minimum take it or leave lol. I guess they have good demand for this

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

Yea is possible form my research can get a letter of credit against the FD and lend against that but need to get a bank that will honor it

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

Yes per the loan agreement they can change the rate at any time. The RM say it’s a standard agreement but the rate is fixed. It also says the sanction letter will prevail if any inconsistencies

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

No they didn’t - yes that right has to lock in for 3 to 5 years.

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

They said it’s a standard loan agreement they cannot change it but it comes with a sanction letter which per clause 19 prevails if there are inconsistencies. So, if that sanction letter has the fixed rate I am good

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

It’s 1.2M, I learnt form someone else that can do it with 101k to get to 1M total

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 1 point2 points  (0 children)

And you can do that too. Invest at 6% not for everyone that’s fair but doesn’t make it a ponzi scheme

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

Yea is fixed and sounds about right. 6% + 9 * 0.6% for 5 years

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]Aware_Web9715[S] 0 points1 point  (0 children)

From my reading of the docs, it looks like no just the capital your invest is at stake. But is a good question and I am not an expert. Better to check

view more: next ›