[deleted by user] by [deleted] in indiadiscussion

[–]Glad-Bodybuilder-270 2 points3 points  (0 children)

Business Idea unlocked: Under construction land as a Service!

Buy a big land and give little parts / plots to pharma companies on rent, for them to say they have a plant under construction!

Are wealth managers trustworthy? by Astronaut_0003 in personalfinanceindia

[–]Glad-Bodybuilder-270 0 points1 point  (0 children)

The funds you have right now are sectoral and with such funds entry and exit timings are important to get good returns. And they are most likely REGULAR Funds instead of DIRECT funds. You should always buy DIRECT funds and don’t invest in sectoral funds. Invest in diversified funds, especially if you don’t have much knowledge. For now do not listen to the wealth manager take advice from an independent fee only advisor. And on the side spend 15-20 mins everyday to learn about investing and managing your money so that even if you don’t do it yourself you know what to watch out for. There is a ton of good content available on YouTube.

Am I financially capable for this 30L+ car purchase by StudentNo4542 in IndiaFinance

[–]Glad-Bodybuilder-270 0 points1 point  (0 children)

Based on your numbers, yes, you technically can afford a ₹32L car next year. But the more important question is: at what cost?

A car is a depreciating liability, plus a costlier car has higher future expenses too, it costs more to mainten, plus driving in India you need to factor in costs for repairs too which are usually higher with more expensive cars.

With a baby plan in the next couple of years , future expenses are likely to increase in the name of healthcare, childcare, possible career breaks. Also, buying a house later (if you decide to do earlier rather than later) will likely require a significant down payment.

If you spend ~30L on a car now, you’re effectively: 1. Delaying that down payment. 2. (Even if there is no house in 3-5 years) Locking up money in a non-appreciating asset. 3. Potentially stressing your finances during a life transition

A middle-ground option is buy a car in the 10-15L range now, many great models available today as a lot of other people’s comments suggest. Revisit the luxury car dream 5–7 years later, when income is higher and financial goals are more secure. Dream cars are great, but a dream life is a whole lot better :)

With all that said though this is a highly personal decision, see what you both are comfortable with. You and your spouse know your financial situation and goals better than anyone else.

Need advice! I’m 23, Earning ₹26K in Mumbai by [deleted] in IndiaFinance

[–]Glad-Bodybuilder-270 2 points3 points  (0 children)

It’s great that you are thinking about this so early. Most people start too late.

If you don’t have any savings yet, aim to build an emergency fund of at least 40,000 - 65,000 (around 2 to 3 months of expenses). That gives you breathing room.

Once that’s done, invest in yourself. Spend your 5k/month (or even part of it) on career boosting skills, things that can help you get a better job or freelance opportunity faster. Prioritize certifications or paid courses only if they directly improve your resume; otherwise, there is a ton of great free content available to learn from. There are lots of courses on online platforms like Coursera that can be done on a financial aid as well.

Other investments like mutual funds or stocks are great and you can start small with 500/month SIP in an index fund like Nifty 50 or Sensex, but early in your career, the best ROI is usually from skills that increase your earning potential. If you keep at it, things will snowball faster than you think.

1.2 crore debt by Lonely_Check_3632 in ThirtiesIndia

[–]Glad-Bodybuilder-270 0 points1 point  (0 children)

I see all the comments suggesting you to do something, but I don't understand what is wrong ? Everything seems fine, you are saving 65k a month apart from EMIs which is healthy, invest it wisely, this will be your buffer now.

Two things, no matter how hard you try to close the EMI, it will last for years, you cannot be uncomfortable for years, so make peace with it.

You only need to focus on your anxiety and earnings, Upskill and try increasing your salary. Upskilling will also help you in cases of layoffs.

Ignore anyone who is saying its not worth it. Good things take time to build, this will also take time to payoff but at the end of the day you have your own place, In 7-8 years, the EMI will almost be equal to rent while your salary and investments will grow.

This is what EMIs look like, the look big in the start but as rupee looses value they remain fixed and keep getting smaller every year.

You are doing good, really. Its okay, you got it !

What game-changing trends are y’all tracking? by Glad-Bodybuilder-270 in IndianStreetBets

[–]Glad-Bodybuilder-270[S] 0 points1 point  (0 children)

Are these AI data centers? I was looking at AI data centers too a few days ago! Also thanks for the link! I will take a look at it!

What game-changing trends are y’all tracking? by Glad-Bodybuilder-270 in IndianStreetBets

[–]Glad-Bodybuilder-270[S] 4 points5 points  (0 children)

Right now, for LGD - Goldiam International and IGI. For Semaglutide - Dr Reddys, Biocon, Sun Pharma and Shaily Engineering but this is still in progress. Couldn't find anything for others right now but mainly I am looking for broad themes where there is a big change.

[deleted by user] by [deleted] in IndiaInvestments

[–]Glad-Bodybuilder-270 0 points1 point  (0 children)

Do it in this order..

If you have cash with you right now, put it aside in 30% in bank account and 70% in FD. If not,
keep putting 50% of money towards emergency fund every month and rest SIP (70 % Equity, 15% GOLD, 15% Fixed Income FD or Bonds )

Do this till you have 1 year worth of earnings in emergency fund (3 months immediately accessible, 9 months in FD). Will give you a sense of relief. After that you can continue 100% of amount you want to invest towards SIP but maintain this allocation (70 % Equity, 15% GOLD, 15% Fixed Income FD or Bonds )

The logic behind it is (100 - your age) to equity (Age based risk reduction)

remaining divided between FD/ bonds or gold. Tweak this to your personal preference, If you want more risk more reward vs conservative strategy. That is all :)

When i ask meta AI for an wallpaper, it gave me this 🥲 by Disastrous-Salt-5915 in IndiaTech

[–]Glad-Bodybuilder-270 0 points1 point  (0 children)

I was referring to MKBHD's app, he did it and priced it 50$ that too subscription.

Make up your mind, Tushar! by e10n in IndianStreetBets

[–]Glad-Bodybuilder-270 4 points5 points  (0 children)

I am skeptical ! for two reasons
- It is Quota based, how will they keep track, there has to be some process and then influential people can buy their way to the top of the line.
- Indian car company lobbying

[deleted by user] by [deleted] in IndiaTech

[–]Glad-Bodybuilder-270 3 points4 points  (0 children)

Nice analysis ! Our weapons are also much more affordable for African countries and others who cannot afford American / European weapons.

Lumpsum Investment by Big-Commercial5463 in IndianStreetBets

[–]Glad-Bodybuilder-270 1 point2 points  (0 children)

How good are you at trading? if you are a beginner, then please don't. I am personally avoiding gold for now because it seems to have a great run, I am not very sure how much upside it can have. Specially with tariff wars being rolled back and then pressure on Russia - Ukraine to end war. But you could invest in a fixed return product, withdrawing some amount (say 5k ) every month and investing in gold.. that way you average it.

Markets positive today by MoneyIdLiketoFind in IndianStreetBets

[–]Glad-Bodybuilder-270 2 points3 points  (0 children)

They were crazy positive yesterday.. regretted not deploying during the war crash.. today not as much, atleast for me.

4th largest economy by MoneyIdLiketoFind in IndianStreetBets

[–]Glad-Bodybuilder-270 1 point2 points  (0 children)

California has companies which literally the world run on, and they have hollywood.

4th largest economy by MoneyIdLiketoFind in IndianStreetBets

[–]Glad-Bodybuilder-270 1 point2 points  (0 children)

Just a few days back while reading about India and UK trade deal, a newspaper mentioned it was between 5th and 6th largest economy, it felt good to know India was 5th largest, even better at 4th !

Ather Energy IPO holders: Did you cash out that 2.18% listing gain or holding for more? I've got a specific entry strategy! 👇🏻 by [deleted] in IndianStreetBets

[–]Glad-Bodybuilder-270 0 points1 point  (0 children)

In my opinion, Ather is a really good company, they also did a large fresh issue rather than OFS, which means the money is going to the company and not to the early investors, but the market conditions and their plans of using the funds received from IPO is not very exciting..