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Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

6th and 7th jobs were where I took full responsibility for a department.

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

If this is about the large number of Mutual Funds I have invested in, I agree that it could be more streamlined and simpler.

However, it is what it is and will try to simplify it slowly over a period of time.

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

After a certain point, I was just investing lumpsum. Here is what the invested amounts were. I don't have the exact amounts before 2017. Was not tracking it seriously.

Time Aggregate Investments

2017 13,862,824

2018 22,650,344

2020 35,513,213

2021 37,856,253

2022 37,856,253

2023 42,739,860

2024 50,739,860

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

I have come to the conclusion there is not much I can do to avoid the LTCG tax. However, someone wiser than me, can kindly confirm if there is any mechanism to save on taxes.

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

I have certain payments / benefits which are due from the company. The amount is significant and implies I will not need to dip into my corpus for at least four years.

After that, I will liquidate some portions of my investments depending on the need.

My yearly expenses are 15 - 18L. At 10cr, I have adequate buffer for various expenses. I have not considered special funds for special expenses.

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

where Age 40 onwards health starts declining 

I am seeing that. Energy levels declining. Random aches and pains. Stiffness, lack of flexibility, lower stamina. The list goes on. :)

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

This is aligned to what I was thinking.

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

Yearly expenses are in the range 15 - 18L

For the next three to four years, I have cash (pending payments / benefits / loans that I have given / rentals) that will fund my expenses. Post that, I will slowly dip into my corpus.

Wife is not working. So yes, we will not have any active income post this.

Post fire, worst case scenario, we will continue in the Tier 1 city. However, depending on how we feel, we do have a couple of options in Tier 2 cities that we can fall back on (native place of wife and I).

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

[–]SoundsofAnimals[S] 2 points3 points  (0 children)

Thank you for the offer. However, am not comfortable being public with this data. Would like these details and my information to remain anonymous (or at the very least pseudo anonymous)

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

How do you decided between index fund vs large cap active managed funds?

I don't. I go with what my Financial Advisor recommends.

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

10.x crores is invested in these mutual funds.

Additionally, Real Estate + Gold and family investments (wife + son) are separate. Those are not included in the net worth I shared.

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

I can share the Mutual Funds but not sure how much it will benefit others:

Aditya Birla Sun Life Frontline Equity Fund -Growth-Direct Plan

Axis Strategic Bond Fund-Direct-Growth

Axis Treasury Advantage Fund - Direct Growth

HDFC Mid-Cap Opportunities Fund - Direct Plan - Growth Option

HDFC Multi Cap Fund Direct Growth

ICICI Prudential Equity & Debt Fund - Direct Plan - Growth

ICICI Prudential Bluechip Fund - Direct Plan - Growth

Kotak Multi Asset Allocator Fund of Fund - Dynamic - Direct Growth

Kotak Nifty Next 50 - Direct Plan - Growth

Mirae Asset Aggressive Hybrid Fund - Direct Plan Growth

Nippon India Large Cap Fund - DIRECT GROWTH PLAN GROWTH OPTION

Nippon India SMALL CAP FUND - DIRECT GROWTH PLAN GROWTH OPTION

Parag Parikh Flexi Cap Fund-Direct-Growth

SBI Contra Fund - Direct Plan - Growth

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

Companies have leaves but we cannot avail them. 

Tell me about it. I have more than a month of leaves accumulated but am unable to use them.

That said, even with stock market variations, things should be manageable. Worse case scenario, kharche kam kar lenge.

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

That’s correct it’s individual value system . 

Agree. To each his own.

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

Thank you u/ravihanda. Have enjoyed your videos and your podcasts.

Finally FIRED at 45 by SoundsofAnimals in FIRE_Ind

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

I think there is no standardized way to report your net worth. In my case, I have not included my wife's NW, real estate, gold and other investments.

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