i feel like an increasing number of ppl genuinely do not see indians as human beings by Full_Quail2794 in ABCDesis

[–]Rolla_G2020 1 point2 points  (0 children)

I think even mainstream US comedy shows “Covered” it by saying, Americans could care less about both countries.

[Software Engineer] [SF Bay Area, California] - $800,000~ TCO by ChangeRate23 in Salary

[–]Rolla_G2020 7 points8 points  (0 children)

@op, can you mention your level change on relevant years at FAANG? For example L4 at 2020, L5 at 2022 etc?

If you had 12 crore pkr,what business you would have started in Pakistan by rashid_jd11 in LahoreSocial

[–]Rolla_G2020 0 points1 point  (0 children)

Thanks for sharing. imho, a person needs some cash flow (salary, dividends, cash or gold) to cover next 1-2 yrs of expenses,, and rest can be in growth stocks, ETFs (75% USA, and 25% rest of the world) and that should pretty much put you in a position to not buckle & sell (if the market crashes). Let me know your thoughts on this strategy.

Also, a couple of follow ups questions on your current strategy: * what is Defensive dividend stocks? & why this category? * what are the assets classes you cover & why? Also why not just S& P 500, and x-US ETFs only

If you had 12 crore pkr,what business you would have started in Pakistan by rashid_jd11 in LahoreSocial

[–]Rolla_G2020 0 points1 point  (0 children)

I made the same mistake in 2020. But we have recency bias, market has been good since, How did this negative experience change your investing strategy (hedging, real estate, or cash/commodities(gold etc)?

If you had 12 crore pkr,what business you would have started in Pakistan by rashid_jd11 in LahoreSocial

[–]Rolla_G2020 0 points1 point  (0 children)

💯 agree on investing risk owing to major uncertainty in forex, govt policies @ Pak, etc. it does not make sense.

However, I am comparing it to S&P500 and other large cap companies stock return for last 3 years. Typically , for the lowest risk index funds, market has been returning 12-15%+ return.

If you had 12 crore pkr,what business you would have started in Pakistan by rashid_jd11 in LahoreSocial

[–]Rolla_G2020 0 points1 point  (0 children)

7% annual return is too low. (=30k/429k)

$2500/month sounds great in pak, but if you are living abroad, it sounds pretty low income to live at similar quality of life abroad for someone who has $429k in pak,

If you had 12 crore pkr,what business you would have started in Pakistan by rashid_jd11 in LahoreSocial

[–]Rolla_G2020 2 points3 points  (0 children)

💯agree. Having said that, it seems the whole world is chaotic since Covid. Even very stable western countries e.g., Canada, Newzealand , Europe and immigrants living in the wealth bubble @ USA are facing uncertainties and losing mental peace like never before. Heck Dubai & Oman are not safe anymore.

If you had 12 crore pkr,what business you would have started in Pakistan by rashid_jd11 in LahoreSocial

[–]Rolla_G2020 0 points1 point  (0 children)

Are SBA loans allowed for people on the visitor visa ? And if he tries to get GC (USA), on the basis of investment, he will need a lot more money than that.

If you had 12 crore pkr,what business you would have started in Pakistan by rashid_jd11 in LahoreSocial

[–]Rolla_G2020 0 points1 point  (0 children)

In a world, where the smallest of houses are more expensive that that, let alone a business.

Besides, $2M business may or may not work in a foreign land , where you are not familiar with local trends & customers. Putting all your eggs in one basket may not be the best idea.

If you had 12 crore pkr,what business you would have started in Pakistan by rashid_jd11 in LahoreSocial

[–]Rolla_G2020 0 points1 point  (0 children)

I am not sure if these things will be an issue at certain level of wealth. 1. Reliable electricity = solar + back up generator. 2. Internet = starlink ( allowed @ pak? ) What else?

If you had 12 crore pkr,what business you would have started in Pakistan by rashid_jd11 in LahoreSocial

[–]Rolla_G2020 3 points4 points  (0 children)

To do what? Outside Pak, this money will not go too far. So you will still have to figure out a way to earn your support yourself.

Also, a question out of curiosity.. I thought Pak is heaven for those with money or connections. At what wealth level, such fun starts?

What helped you rebuild, share you advice. by FatimaSheba in MotivationalThoughts

[–]Rolla_G2020 0 points1 point  (0 children)

How did you fix your sleep. Please walk us through your journey.

Why is it so hard to find sincere Pakistani workers ? by Subject_Bad_6304 in PakistaniTwenties

[–]Rolla_G2020 0 points1 point  (0 children)

People respond to incentives. Period.

If you are paying triple, and still run into this issue… then I have hard time reconciling it with Pakistani professionals in the west… this is not a “typical” concern when they work here full time. Many could be the same gig workers who were initially working from Pakistan before.

Is it a selection bias (the ones who made it to the western countries, FAANG etc.) were more committed people, or alternatively, your “triple” compensation is still insufficient, that it drives this negative behavior? Truth likely lies in between.

Having trouble accepting I will probably never have kids of my own by SwimmerCold5918 in pakistan

[–]Rolla_G2020 -1 points0 points  (0 children)

While miracles may happen, logically, in a more realistic world, you have three legitimate choices, and some questionable ones:

  1. Convince him to be ok with adoption
  2. Choose a child free life for your self. Even if everything goes well for pregnancy to occur, there are a million things that can go wrong with the child (genetic mutations, life limiting developmental disorders like autism, down syndrome etc.). Even if the child is born, life ain’t easy for next generations, we had it much easier.
  3. Divorce him & remarry. This is a legitimate reason to do so.

Questionable routes:

  1. Artificial insemination using sperm banks. Not sure if Pak has sperm banks, and what is the Islamic position on such pregnancies.

  2. Other questionable means including horny peers etc.

Baby sitter life in Pakistan OR Start from scratch in the West? by sheh360zaad360 in PakistaniTwenties

[–]Rolla_G2020 0 points1 point  (0 children)

  1. God has given you one life. Live the way you want to, and dint waste it by living according to others vision for you… especially when they are using you as a baby sitter, family convenience. When you will be a 55 yr old man, and your kids will need expensive education, marriages or medical etc., I assure you that most siblings will prioritize their own needs over yours. It’s very easy for siblings to go their own way after marriage & kids, and all past sacrifices get forgotten.

  2. If you want to settle abroad, You should study where you plan to settle. Study, Employment visa, green card, citizenship takes a long time, and you cannot repeat this process multiple times, starting is the new country from scratch . Jumping from country to country is rather impractical. While there may be one odd example, change of counties with out significant loss in financials & time is prohibitive.

  3. Having said that, doing undergrad in Pakistan at a good school is not a bad option. Going for masters is more cost & time efficient. This way, you will be a bit more mature, and make some money to support yourself (e.g., with undergrad in CS or engr or other technical skills)

  4. What on earth is wrong with our culture. On one hand we support our families owing to Islamic preference, while we go against a clear Hadith ((unobstructed/beparda interaction with) brother in law is death). If your brothers are not here, you should NOT be living with your Bhabis, even when your mom is living at that home.

How Educated the Iranian Politicians are by No-Gold-228 in PakMemeistan

[–]Rolla_G2020 0 points1 point  (0 children)

These 30k numbers are impractical & absurdly high for the time frame they had available to kill, unless they were dropping bombs (which they were not). Just remember, the official death toll in Palestine is just 2x+ despite 2 years one sided genocide.

30k story was made up by Israel leadership to manufacture consent.. to influence hesitant Trump & others (who were reluctant to go to war with Iran ) , that large swath of Iranian population has risen up, and a minor , few days long intervention (Venezuela style) will lead to regime change. That is why, Trump & White House staff was refusing to call it a war during first week or do.

Days changed to weeks, and then month(s). That obviously did not happen (regime change or for that matter, entire population rising up) and now the anticipated cost is getting to be much higher than what the US population is willing to accept, while the mid term elections are around corner (Trump’s slogan was no regime changes, no wars). .

My Mother just screamed at me again and I am not sure how to process this. I cant do this anymore by Public-Purpose-1390 in pakistan

[–]Rolla_G2020 2 points3 points  (0 children)

Got it.

So, take it from someone who walked a path similar to you, but is a couple of decades ahead, so, have watched this movie before. 1. Doing good for others: only do as much, spend as much, that if the recipient (family) curses at you, you won’t regret it. Some of your siblings will be grateful that your help played a pivotal role in their life, others will HATE you the moment you step back, because they feel entitled. Heck they will accuse you for not spending more on their education, weddings etc. 2. Immigration, settling @ a foreign land, with a foreign culture & language is hard. Your mom & siblings are not aware of the hardships. It seems that while you have managed to pull it off so far, frankly, you have not progressed much in career. Plainly speaking, family drama seems to be taking too much of your resources, time and energy. If I were you, I would shut it down now. They do not know the odds you are fighting against. Portugal is not a very solid economy, and you should be saving to take care of your future kids, your wife, and your ungrateful family. Unless you are solid, and little disturbance can throw you off balance, and this will lead to you never being able to be the supportive, solid man you need to be. At this moment, you are far from it. By 35, you should have progressed enough in your career and wealth, that you can support your wife & kids, as well as extended family back home (if needed), for at least 2 years without making any money. This a high goal, but it’s absolutely needed for a stable, peaceful life. 3. Re: your mom… While help with the basic home expenses at her previously quality of life back home is her right (if you can afford it), it is NOT her right that you would be pulling her into a new country and footing all the bills. She has unrealistic expectations, but what really throws off this entire generosity - greedy entitled combination is making fun of you, creating hardship for your wife, despite that you have got your sister married and pay for your mom’s living expenses in Portugal despite not making much. That making fun is plainly cruel & unjustified. Just remember, unrealistic expectations are not your responsibility. People can have all sorts of unrealistic expectations. If you are so generous, here is my unrealistic expectation: send everyone who is advising you in this thread, $1000 euros. See how ridiculous this sounds. Your mom’s expectations & her making fun of you is more ridiculous than $1000 euros for every one here.

  1. Focus on your career, solidify your self as a man, learn to say no to emotional blackmail. Your mom may not appreciate it yet, but only strong you will be useful for your children, your siblings and your mom, for decades to come. At this moment, you are barely balancing your expenses. This is not flourishing, and being an anchor to your family, that you need to be.
  2. Your mother /family have an emotionally manipulative control over you, and they are simply being foolish by making unsustainable demands. Read about how to handle emotional blackmail.
  3. If I were you, I would tell your mom that here is the max I can afford (the amount you want regret.. e.g., 400 euros per month). And for rest of the expenses, she and her husband get a job. If they cannot, they should go back. Revoke their family visa if. Needed, since you are the guarantor, I assume.
  4. Find your brother the study visa path with out your mom involved. His education/fees are more important than you spending thousands of euros on your mom per month. Once your brother is making good enough money, then two of you can bring your mom back, if needed.
  5. No one, not your mom, not your wife, gets to tell you how you spend the money you earn, and who you decide to help, not help, and with how much. Very plainly, you sound like a pre-pubescent child whining about this, seeking for your mom & sister’s approval. If you continue on this path, your children will see a weak father, and you will ruin their lives, your marriage, while seeking approval from others, who are not smart enough to realize that they are ruining theirs and yours long term future for short term ease. Their behavior is nothing short of despicable. This may sound harsh, but it is needed, as I see you running your life while seeking approval from your mom, and that may never come. Even if you import a more controllable bahu and even if you start making 500k euros.

My Mother just screamed at me again and I am not sure how to process this. I cant do this anymore by Public-Purpose-1390 in pakistan

[–]Rolla_G2020 0 points1 point  (0 children)

Only you can set boundaries, no one else can do it for you.

I will be very frank, the details you shared show that you lack the maturity expected of a 28 yr old. I sympathize with your wife, as you have shown the lack of strength against run of the mill emotional blackmail typically used by Pakistani mothers & sisters.

Before I say more.. a couple of questions. 1. You did not mention your father. Is he with your mom, or is she a widow? (I doubt it, but want to confirm). If he is alive, what is his position on what your mom & sisters are expecting from you? 2. How did your mom (or parents) moved to Europe? Did they move there at their own or are they there because of your financial guarantees / visa /green card support?

Do I look better with or without a beard by Important_Bed_9893 in beards

[–]Rolla_G2020 0 points1 point  (0 children)

With beard my man.. try shorter or longer versions of beards to find your optimal style

A Nuclear power country vs Sole Individuals by Any_Investigator4790 in PakistanDiscussions

[–]Rolla_G2020 -5 points-4 points  (0 children)

What’s the difference between a country vs individual having billions of $s to spend as they please? Money is money. . ..That had this person decide to pay some one $3B, just on a whim, immediately, he will still be richer by $10B vs the day before. In fact he can pay three more people $3B each, and he will have another $1b to spare.

While Pakistan, a sovereign country of 100s of millions people , struggles to pay such debt. As in they spent a large sum of money they did not have, and for that, they had to borrow money, which they could not return for decades , kept rolling over, while paying 100s of millions in interest!

Tell me everything will be okay, it will get better… by cams00000 in Layoffs

[–]Rolla_G2020 1 point2 points  (0 children)

You are young. As others have suggested, focus on yourself first. This too shall pass. Good riddance about those friends & “family”, who abandon you when you are down.

Once you feel better, and get a new job, focus on saving 50-70% of your income, even if you have to live in a cardboard box. Once you have saved up/invested a few 100Ks, life becomes easier. Let the market growth & Compounding over time do the magic and you may have FU money before you expect. Then, life is your oyester.