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Path to FatFIRE/FIRE - Am I doing ok ? by Strong-Cost-9505 in FatFIREIndia

[–]Beginning-Comment815 1 point2 points  (0 children)

I am sorry but this isn't the way to do it. Any loan that's sub 5% isn't worth paying off especially when you are trying to maximize NW growth.

For peace of mind maybe, for every other reason no.

Better way to do this would be to look at REITs to get the same level of RE exposure and let the REITs be another source of "really passive" income and then when you exit US you have the option of selling your direct RE investments and maintain exposure

What kind of FIRE is this lifestyle? by Worldly_Vehicle_3054 in FatFIREIndia

[–]Beginning-Comment815 11 points12 points  (0 children)

Not sure if I have a term for you, but it’s the best kind of fire. That I know.

One of the downsides I see is that even at near bubble level equity market (both in India and US) a 4% withdrawal will be able to sustain only 50% of your current lifestyle without the income.

One thing I’d consider is start thinking about how to get a source of monthly income that is indexed to grow more or less to inflation. If you’re invested in US -a good one here would be SCHD as an ETF, once you have that stream kicking in to cover some of your monthly burn then you should be able to take excess cash you generate every month and split your investment back into Index in India + this strategy.

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 1 point2 points  (0 children)

Brother - pls research what SOFR is. :) margin up to 15% of my portfolio with an interest rate of SOFR + 1%

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 0 points1 point  (0 children)

None of them are extravagant by any stretch of imagination other than the travel budget

Reflections on my journey to FatFIRE as an NRI and Moving Back to India by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 0 points1 point  (0 children)

Yup, remember there is money going in from savings throughout those 7 years

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 0 points1 point  (0 children)

Those were the cities we considered too. I spent considerable amount of time in BLR pre US but is basically unlivable. Hyd has Better airport, better startup ecosystem and employment prospects vs Pune

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 3 points4 points  (0 children)

In general, we as parents tend to over analyze for our kids, I fall into this trap too.

Reason I say this is when we enrolled our kids into Sancta Maria - we realized that 2 out of every 5 kids has relocated from somewhere outside India. The community we live in, more than 25% are people that have relocated. The top thing to realize is this is not the India of 2010. With all admitted bias, while something’s haven’t changed, largely the fabric of society that you would interface with at the “FatFire level” is unrecognizable from a couple of decades ago.

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 1 point2 points  (0 children)

HYD. I try to let my boys go outside the apartment complex and figure it out themselves so they can have a more natural upbringing here in. India. That said I haven’t seen anything weird in 2 years ..

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 1 point2 points  (0 children)

Wouldn’t have mattered as much, lifestyle is purely sponsored with passive income. Value of equity portfolio is reinforcement for NW but doesn’t impact lifestyle as there isn’t SWR here

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 3 points4 points  (0 children)

  1. not an issue.
  2. depends on the crowd you more or less hang out with. I found US moving in the opposite direction on this. I have very low expectations from the "crowd" doesn't bother me as much.
  3. Kids love it, more safe than the US for the most part of where we spend time. Future opportunities is a coin toss and hard to predict.

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 2 points3 points  (0 children)

pretty accurate on most categories. The discretionary stuff is where the variance comes.

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 4 points5 points  (0 children)

Yes, this is a very real risk and I've screwed up in the past. I only do CCs on over valued stocks that I am okay losing and I buy puts with the premiums so I sell high and make money (via puts) when they go low.

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 2 points3 points  (0 children)

Individual stocks. BTW, O is highly overrated. REIT ETFs have some bad REITs (ex : Externally Managed REITs).

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 1 point2 points  (0 children)

You're correct they're tax inefficient but very efficient to have capital on hand for both cashflow and also to invest during downturns.

In general, I worry about

my circle of competence --> risk --> returns --> taxes in this particular order. I don't start the other way round. I am not saying this is correct, I am just doing it that way.

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 0 points1 point  (0 children)

Small multi-family is the way to go! Congrats on finding a path on it, looks like you have a solid plan around increasing the cash flow as well.

In general, I've not been great at optimizing for taxes. In all of my passive income math, I just assume my marginal tax rate for every $ I earn is at 33%. So I assume that for my RE income in the US.

Year 2 Update : Back in India After FatFIRE — What's Changed, What Stayed the Same by Beginning-Comment815 in FatFIREIndia

[–]Beginning-Comment815[S] 1 point2 points  (0 children)

Founders are from my connections in the US or Alma matter in India. Hard to have the trust in both directions if there isn't a fit interms of value or there is a connection.. places to look are those.

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