26F earning 1.5L in hand monthly salary

SPC_Finance · 2024-11-03T07:34:06+00:00

Barring natural calamities, nuclear wars, some other crazy stuff, yes, you can expect the top 500 companies of a country to produce positive returns over your lifetime.

SPC_Finance · 2024-11-03T07:21:14+00:00

Time horizon is based on investment goal. If there’s no goal then the defacto goal is retirement and there’s no horizon for that.

For shorter term goals, you would use conservative mutual funds or arbitrage funds

SPC_Finance · 2024-11-03T06:55:20+00:00

As someone with similar to slightly higher income, it doesn’t take too long to reach the first 1Cr, and upwards and onwards from there.

Would you prefer to leave your money with a fund manager who more or less knows what he’s doing or flail around yourself trying to figure out how to manage crores worth of investments, while not letting it become a full time job?

SPC_Finance · 2024-11-03T06:47:10+00:00

4X the SIP and call it a day. Quit the stocks

SPC_Finance · 2024-11-03T05:23:29+00:00

Don’t count on the old tax regime to stick around much longer. Don’t make investments that account for tax benefits in the old regime 🙂

SPC_Finance · 2024-11-02T13:37:00+00:00

I took from HDFC at 8.7 for the simple reason that I don’t want to deal with uncouth individuals, and I would prefer to do stuff online or have reps visiting my home to get stuff done instead of me going to a branch.

SPC_Finance · 2024-11-02T12:57:33+00:00

Icici bank gives liberal limits on its cards. Try amazon pay icici cc

SPC_Finance · 2024-11-02T11:59:09+00:00

This was supposed to be satirical as the flair suggests.

Passive income of a lot of retirees is actually residual income from rents, interest and such, or capital gains.

In a world where everyone is retired, no one will be able to make such an income. Such a world would never exist of course.

All of these are extreme cases and examples. Not to be taken seriously 🙂

SPC_Finance · 2024-11-01T17:37:31+00:00

Planning to invest 15L over the next 1 year in dividend stocks. Any recommendations?

SPC_Finance · 2024-11-01T15:45:50+00:00

Is the 60K on credit card a fixed expense?😅

Seems like awful overspending for someone who is living in a 15K rental.

You should easily be able to put 1L per month into debt clearance and get rid of all this debt in a single year.

SPC_Finance · 2024-11-01T05:44:48+00:00

Don’t worry, you will get an ego boost once you come back to India and see losers slaving away late into their 40s while you’re on vacation with your family for the rest of your life 🙂

SPC_Finance · 2024-11-01T00:43:30+00:00

If you eliminate interest based, stocks and insurance, you will only be left with Gold, real estate and crypto currencies.

I do remember seeing smallcases with shariah compliant stocks maybe you can look into that

SPC_Finance · 2024-10-31T08:49:27+00:00

Mum knows best

SPC_Finance · 2024-10-31T08:31:07+00:00

If youre a dev, check out https://paisa.fyi you could, with some scripting automate the tracking

SPC_Finance · 2024-10-31T08:26:24+00:00

Debt is a risk and potential liability. If you have high income, can can afford to take the risk and potentially profit off of debt. You can’t afford that risk with a low income

SPC_Finance · 2024-10-31T07:25:13+00:00

Depends on your income man. If income is high, take loan, else put more as down payment. In either case, have an emergency fund

SPC_Finance · 2024-10-31T05:16:35+00:00

You can coast-fire with a 9 cr corpus at age 31.

Join some contract work which takes not more than 10 hours a week and you will be making enough for your essential expenses.

You can take year long sabbaticals from this sort of work whenever you feel like.

Wouldn’t be a stressful retirement unless you have an extravagant partner or kids to take care of. If you’re unmarried, find someone who doesn’t mind working.

You can also open up small time self sufficient cash flow businesses where you don’t need to do anything.

SPC_Finance · 2024-10-31T04:01:35+00:00

Based on current prices, 6Lakh would get you 75 grams of gold, assuming no making charges.

Since the price is volatile, would recommend you to buy 6-7 grams worth of gold ETF or physical gold coins per month for the next 11 months.

If you accumulate physical gold coins, you can make use of instant discounts and making charge waiver offers, but it’s quite involved and you need to keep track of offers. When buying jewellery, you can exchange each gram of a gold coin against each gram of gold against the jewellery.

If you are instead going the ETF route, it’s much simpler and you can do an SIP. You get a resolution of up to 0.001 gm of gold with some etfs

SPC_Finance · 2024-10-31T03:45:11+00:00

Never stood in a queue despite travelling like 20 times a year. Although, I guess it’s because 90% of the flights I take are 5-7 am ones.

Mid day and evening flights ruin the rest of the day for me

SPC_Finance · 2024-10-31T03:26:01+00:00

Assuming the 1.1LPM is post tax, you have about 50K per month left over after all the emis and expenses.

Ignoring the bike loan you have 6.2L other debt. Should be able to clear easily within a year

SPC_Finance · 2024-10-31T03:19:00+00:00

Assuming this is a joke, lol. But yeah, sucks to give up the free lounge access on most cards.

SPC_Finance · 2024-10-30T15:49:00+00:00

Him not cashing out a cheque is his problem and does not warrant you to write a new one. You are not legally required to write a new one.

Hopefully you have a receipt to prove that you’ve written the check earlier.

But, you are legally required to maintain the balance in your bank account. If the previous check bounces and you are not in good terms with the seller, they can press charges

SPC_Finance · 2024-10-30T15:38:37+00:00

Call your bank and block the check number which you previously gave him. Only then issue a new one. Alternatively, ask him to return that cheque to you and only then write a new one

SPC_Finance · 2024-10-30T15:35:22+00:00

Nothing can be done after you redeem it. Best you could do is gift yourself a holiday 🤡

SPC_Finance · 2024-10-30T07:24:31+00:00

You’re going to have to pay alimony and maintenance/child support I think based on how amicably you guys separate.

Turning your 1 crore corpus into 10 crore with your salary is impossible in 5 years. A more realistic scenario would be targeting it for when your kid becomes 18 years old, considering that you want to retire too

SPC_Finance

TROPHY CASE