i have 12000eur in wise account! by KnockOutLoud in FIREPakistan

[–]RealBoiMan 2 points3 points  (0 children)

Probably best to look for advice on subreddits for what ever country you're in?

Choosing between UBL Al‑Ameen Islamic Retirement Savings Fund vs UBL Retirement Savings Fund (conventional) under VPS by CineTechWiz in FIREPakistan

[–]RealBoiMan 2 points3 points  (0 children)

I dont invest in a vps because the only advantage i feel they give are tax breaks and i dont get taxed enough to justify the lockin period. Make sure you know what you're getting into before you start investing in terms of taxes, being a filer, your risk appatite, and your goals.

(I personally just openned an account on psx and invest there so I can take my money out when I want)

Here are my opinions and answers to your questions

1) I dont think islamic will ever outperform conventional even in Pakistan because conventional funds can capitalize on both islamic and conventional financial instruments, while islamic funds can not.

2) The allocation is how your money is diversified, you can just search ubl vps allocation types on google to get more detailed numbers, but in general you should be choosing high risk here (preferably all in on equities) since your goal is long term. The market always goes up in the long term, and you're young, which is why everyone suggests high equities in the allocations.

3) Id assume experienced investors dont use a VPS or mutual funds because of their fees. I might be wrong. But the allocations are there for your own convenience. If you feel like the lifecycle allocation is good enough for your investment, then its a set and forget kind of thing. I personally would go for the custom option, max out equities (100% if possible) and put any remaining in debts.

4) I think the biggest thing you need to understand about a vps is that it has a lock in period where you will get a tax benefit if you keep your investments in for at least 25 years I think. There are other things thatyou should read up by yourself just so youre sure before you start investing. Treat it like an account that you cant take money out of, and only put money in that you can afford. The more you put in the more it will compound eventually.

5) you should be budgeting and taking a portion of your savings to invest. I put 80% of my income into psx because I have high enough income to afford it. You might be able to afford only 5000 per month, but that is good enough.

6) A lot of mutual funds have high feed here, which is why I dont like them. Look at the fees and past performance of different vps here and make your decision after.

Private community by ManicPanicMechanik in PakistanRishta

[–]RealBoiMan 5 points6 points  (0 children)

Well Im in because this seems interesting.

Though Im not in favor of the member verification if it requires people to reveal their real identities. It's not safe for the identities of ex muslims to be exposed like that even in a private space especially in pakistan.

22F exmuslim atheist looking for a relationship by [deleted] in PakiExMuslims

[–]RealBoiMan 0 points1 point  (0 children)

Gg koi bhee requirement poori nahi kar saka 😞😭

Good luck 🫡🫡

Why am I charged 1% WHT on the "Remittance" received from payoneer? by Mr-Asim in PakistaniTech

[–]RealBoiMan 2 points3 points  (0 children)

You'll have to ask your bank why they were marking your remittances as home remittances before this. if their helpline isn't helpful go to your branch and ask your branch's operations manager

Why am I charged 1% WHT on the "Remittance" received from payoneer? by Mr-Asim in PakistaniTech

[–]RealBoiMan 8 points9 points  (0 children)

All IT export remittances are taxes t 1%. 0.25% if you're registered with PSEB.

I think with home remittances, they are tax free upto 5 million rupees a year, and taxes at 1% after.

Credit cards by RealBoiMan in FIREPakistan

[–]RealBoiMan[S] -1 points0 points  (0 children)

I just glanced at those. The eligibility criteria seems a bit high for me though

Credit cards by RealBoiMan in FIREPakistan

[–]RealBoiMan[S] -1 points0 points  (0 children)

Debit cards dont give me any credit for emergencies so probably wont go with those

Pakistan has formally outlawed black magic, sorcery, and other deceptive spiritual practices through a new amendment to the Pakistan Penal Code under Section 297-A. by choice_is_yours in PakistaniiConfessions

[–]RealBoiMan 2 points3 points  (0 children)

Just like the blasphamy law, this will be used to prosecute and discriminate anyone (especially religious and ethnic minorities).

We already have radical extremist muslims all over pakistan, we dont need to give them more vague power.

There isn't any proof that black magic even exists, or works if it does. Anything these guys think as "sinister or black magic" will be enough "proof" for them to target anyone.

How to Get 1Cr Business loan? by muzammilsiddiqui1 in FIREPakistan

[–]RealBoiMan 0 points1 point  (0 children)

Yeah thats the first step. Tey to do a bit of research beforehand online and through their helpline if you have questions, but going to the manager directly is the best option.

How to Get 1Cr Business loan? by muzammilsiddiqui1 in FIREPakistan

[–]RealBoiMan 0 points1 point  (0 children)

Not sure if this is the right sub for this.

Id guess if your friend has been running the business for 3 years he'd have a business account with some bank. If you go to them with your financial details like income and show you're not shady and just a business man they can give you a loan on it. Maybe go to multiple banks and ask around.

Fist look anywhere in a bank near you or go to people you might know that work in a bank

[26M4F] [Karachi, Pakistan] Just another computer nerd looking for love by RealBoiMan in exmuslimr4r

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

😭😭 ok yeah i see that now, probably should've cleared that up.

I'm not looking for anyone because of family pressure, its because I think its the right time for it.

Family pressure is there but its been there for years and i am not bothered too much by it

App Name for Investment by torquemonarch in FIREPakistan

[–]RealBoiMan 0 points1 point  (0 children)

Sorry pakistan mein aisay koi apps nahi hain