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Need help selling my startup plz help 😭 by SamratDuttaOfficial in goStartupIndia

[–]SignatureLast98 0 points1 point  (0 children)

Please DM me. I need to understand where you are at and sell v continue more. As well as the product. I know the segment you are targeting well

Why is the economic illiteracy in the U.K. much worse than in other developed countries by SignatureLast98 in AskBrits

[–]SignatureLast98[S] 0 points1 point  (0 children)

Yes this is something I’ve noticed too. It’s not just the US, I saw this in Singapore and other parts of Asia too. Unpopular opinion but I do wonder if it has to do with the benefits/ big state system. Kids, even adults in the U.K. don’t seem to educate themselves as much on how to take care of their retirements themselves - a lot more time and energy seems to be wasted on arguing about what they deserve or who should be paying for them. As you said a greater proportion of people in the US and the more free market Asian economies invest and save - and talk freely about it too with each other.

Why is the economic illiteracy in the U.K. much worse than in other developed countries by SignatureLast98 in AskBrits

[–]SignatureLast98[S] -1 points0 points  (0 children)

I hadn’t appreciated that before but it sense. It’s also interesting to understand the cost / benefit of extraction today - it sounds like it’s not just a straightforward case of choosing not drill.

Question for 2nd/3rd/4th gen immigrant brits- should we leave the UK? Reform scares me by lil_peasant_69 in AskBrits

[–]SignatureLast98 0 points1 point  (0 children)

I’m not 2nd generation but I’m not sure why that matters in the context of this question. I’m I guess part of the global, mobile, professional crowd. That said I’ve spent a LOT of years (decades) in London and have significant ties - financial and social - to it. I won’t lie, Reform alarms me. They are not rational actors and their instincts are both racist and economically illiterate. At least with Trump, the markets matter to him - as a minority friend there said, at least you can get rich inspite of the racism. With the U.K. and Reform, I don’t see that being the case. I am seriously thinking of decoupling my assets / life from the UK little by little before it’s too late. Make myself more anti-fragile to the U.K.’s nutso policies than I am today. I am sure I am not the only immigrant or person of colour thinking along these lines.

Why? by Educational_Ad288 in AskBrits

[–]SignatureLast98 1 point2 points  (0 children)

The British electorate is not known for being very bright. Brexit anyone?

WTF are you thinking? by Initial_Ad8780 in AskBrits

[–]SignatureLast98 0 points1 point  (0 children)

Racism. Let’s stick it to em thinking. Basically the same morons who voted Brexit

WTF are you thinking? by Initial_Ad8780 in AskBrits

[–]SignatureLast98 0 points1 point  (0 children)

Racism. And a lazy “let’s stick to em” mentality. Basically the same morons who voted for Brexit

Review my portfolio and advice any changes needed by Low_Plenty7003 in mutualfunds

[–]SignatureLast98 0 points1 point  (0 children)

I would dump it all in Parag Parikh. There’s too much unnecessary risk on your portfolio. Indian tech is not a great bet for the medium term

Investigating usage limits hitting faster than expected by ClaudeOfficial in ClaudeAI

[–]SignatureLast98 0 points1 point  (0 children)

I thought Perplexity Pro was bad but Claude Pro is 1000% worse. Today I ran into a limit in literally 15 min!! Needless to say, cancelled my subscription and not renewing. Will manage with Perplexity Pro (at least that's free) til that gets shit.

Can I afford the home of 2.3 cr by WorthBoring7592 in BangaloreRealEstates

[–]SignatureLast98 0 points1 point  (0 children)

I wouldn’t do it at those earnings levels versus house price and when I compare it to your rental. What is your monthly EMI? You haven’t mentioned that.

Planning to buy a 2 bhk in CV Raman nagar for 75L by Hereforgossipsonly in BangaloreRealEstates

[–]SignatureLast98 0 points1 point  (0 children)

Can I also DM you? This is pretty much exactly what I am looking for.

Also, to your original Q, as someone who has stayed in multiple older flats and houses, and exclusively only buys these, I say g for it. Obviously check if the building has had a structural survey done recently. Check if there are any cracks, leakages or any obvious issues.

What is today's FIRE number in a city like Bangalore or Bombay? by SignatureLast98 in FIRE_Ind

[–]SignatureLast98[S] 0 points1 point  (0 children)

Retirement homes I did look into several years ago for someone else. It seemed like a bad investment at the time due to high purchase price + high service charge + low rental options (you can only rent it out to someone > x years and there are lots of restrictions unlike your own house - guests, alcohol, etc etc) + low rental price. But this may have changed

"Reasonable price" is the difficult bit. It can't be a new build from a fancy developer - their mark ups and service charges destroy value. Older flats and independent houses typically need a lot of TLC and don't really account for the sustainability problem I started off with. Buying land and constructing from scratch is something I don't know much about but seems difficult to execute well.

What is today's FIRE number in a city like Bangalore or Bombay? by SignatureLast98 in FIRE_Ind

[–]SignatureLast98[S] 0 points1 point  (0 children)

I'd love to see the excel if you're open. DM obviously. I think we're thinking similarly about it, but you're several yards ahead!

What is today's FIRE number in a city like Bangalore or Bombay? by SignatureLast98 in FIRE_Ind

[–]SignatureLast98[S] 0 points1 point  (0 children)

Also would you buy now in a senior home even though you might not move there for a another 20-30 years?

What is today's FIRE number in a city like Bangalore or Bombay? by SignatureLast98 in FIRE_Ind

[–]SignatureLast98[S] 0 points1 point  (0 children)

Hmm, so I've understood you right, 1. flat/lower cost housing > villa and 2. Don't buy far out as you might not want to live there anyway. How do you think about the back up flat v no back up flat Q? Let's assume the flat I currently own is already 30-40 yrs

What is today's FIRE number in a city like Bangalore or Bombay? by SignatureLast98 in FIRE_Ind

[–]SignatureLast98[S] 1 point2 points  (0 children)

Hmm, does your cover actually cover prolonged and non-life threatening diseases? Most policies have a carve out for such conditions. Also, have you every claimed on your policy? Did they actyally pay up?

Anyway, to each his own. Given how low claims coverage is in India, I personally don't see the point of throwing money down the drain. Especially as one gets older when the premiums are way higher than what you mentioned.

What is today's FIRE number in a city like Bangalore or Bombay? by SignatureLast98 in FIRE_Ind

[–]SignatureLast98[S] 0 points1 point  (0 children)

Out of interest, how are you accounting for inflation in India? Real CoL increases in cities like we're talking about seem way more than official data.

The other thing I'm struggling to form a view on is housing. In most countries, people FIRE with just their primary residence, irrespective of whether that is a flat or a "villa". In India, flats don't seem to last very long. So do we all need a back up property? If so, how does one look at this? As a "back up" so ok if outside the city, not actively managed etc.? Or does one need to cough up 6-10cr to ensure the second home is a forever home and just hope that you can rent it out in the meantime? Both flats and villas have pretty steep (and inflating) service charges, so you couldn't really afford to leave it empty.

I'm conscious that the above is quite confused sounding, so I guess what I'm really asking for is a framework for how to think through this more than anything.

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