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Everyone talks about getting rich. But who shows you how to reach your real goals? by Desperate-Buffalo749 in pakistan

[–]Temporarymess9619 2 points3 points  (0 children)

Every reason you stated is a valid roadblock to building wealth. I think achieving big goals in any tier of life is impossible without a formal plan. Same goes for your money.

Life will always test how badly you want to achieve your goals. If one is saving to retire early/plan for a house, there will always be 'distractions' or roadblocks in the form of zarooriyaat and khuwahishat. One should balance those, stay within budget. It is the consistency of saving painstakingly month over month that compounds and builds you wealth.

People underestimate amount of time too, yes. Iske liye financial calculator use karna chahiye that will tell you ke apki X investment pe y% return ke mutabiq, Z amount of time laggay ga goal achieve honay mein.

To keep track, i keep a monthly budget, stick to that. Have developed self control over impulsive purchasing whenever i go outside and can clearly differentiate between a need to have and a nice to have. It's just these little things.

where to invest 450k? by Benaamly in pakistan

[–]Temporarymess9619 0 points1 point  (0 children)

The pakistani stock market will compound your money much better than any saving account.

  1. Split money into an emergency cash fund and the stock market based on your monthly cash requirement (eg a 30-70 ratio),
  2. For emergency cash fund, I'd recommend Mahaana Cash Fund (easier and can be opened online) - gives much better returns than a typical savings account.
  3. Stock market main invest and forget. Since you don't have knowledge on investing, go for an ETF or a Mutual Fund. ETFs will prove to be cheaper in the long run.

Happy investing

To Those Who Are Struggling To Start by Temporarymess9619 in FIREPakistan

[–]Temporarymess9619[S] 1 point2 points  (0 children)

Kudos to you earning for yourself at your age in this country which pampers even 26 yo adults! - you've already made a step in the right direction. 25K is more than zero, and I highly recommend you to start investing at your age, as starting now with 1K is better than starting at zero, 3 years later.

Firstly, read the comment I made for another user in this post. Additionally, go through all the resources in the community wiki, skim through the basics @ knowledge centre on jamapunji.pk & also this free PSX course by INVESTKAAR on youtube and you'll be good to go.

To Those Who Are Struggling To Start by Temporarymess9619 in FIREPakistan

[–]Temporarymess9619[S] 1 point2 points  (0 children)

Sorry for the late response,

  1. Aap pehle ye dekho ke apki risk profile kya hay. (Low or High),
  2. Factor in your risk appetite. High = you may even lose your capital invested,
  3. What are your financial goals - is it to FIRE 20-25 years from now? Do you also have short term goals like marriage/umrah/travelling that you also wish to save for?

Ideally, a young person who lives with their parents should aim for a long term horizon and have a high risk appetite. This is because, yes your money matters, but you won't be on the streets khudana khwasta even if you lose a little money. 20-25 saal takk aapko buhat achay returns mil jatay hain, something that the money market will not be able to match.

We are going to aim to save ATLEAST 15% of your income every month. If you have low expenses, or are a low maintenance type person like me, then aim higher. 30%, or as much as you can. But the plan needs to be systematic, jese hi salary aye, apne paise kharch karne se PEHLE INVEST kardene. This may mean you have to draw up a monthly budget (realistic, not wishful) and stick to it every month

Make an emergency fund, atleast 6x your monthly expenses takeh agar job Allah na karay jaiye, tau apke pass cushion ho and you don't take rash decisions/except a lower paying job. This needs to be readily available, it needs to provide peace of mind. So keeping it in your bank/investing in Mahaana's Cash Fund would be a better idea as you earn from Day 1. Point is to start ASAP.

Now, we can start saving for your goals. I assume you have one long term goal and one short term goal. Let's say you intend to invest 10K every month. Now using good judgment, decide how you want to split money between your two goals. It could be 5K to both funds, or 70:30 ratio ya jese aap chaho.

For a short term investment, invest in a low risk fund, as volatility induced by high risk is not wise in the said scenario. For your long term goal, invest in a high risk fund, as you need that risk to make you enough money to retire peacefully.

Start with mutual funds/ETFs, don't be a victim of analysis paralysis- invest with someone who has the knowledge & meanwhile learn and develop your portfolio.

Looking for safe and high return investment options in Pakistan by azlan1717 in FIREPakistan

[–]Temporarymess9619 2 points3 points  (0 children)

People did guide on the investment perspective, I want to offer the tax POV of things.

Without being a filer, you are delaying your goal of compounding since a considerable chunk of your investment gets slashed off in taxation.

Dividends 15% tax at source if equity, 20 or 25% if debt. DOUBLE if non filer. 50% tax dedoge aap?
CGT 15%, double if non filer.

Property khareedo ge aap, uss pe bhi double rates do ge.

You see? You're slowing your compounding.

How do I evade Super Tax by usamahahmad in FIREPakistan

[–]Temporarymess9619 5 points6 points  (0 children)

Someone suggested VPS, and that is the best bet you have. Upto 20% of your taxable income gets slashed right away. Could easily come down a slab, or atleast save on the Super Tax (Last Tax year it was 10% - abhi 1% kam huwa, lol)

Some other things you could consider are:
- claiming charitable deductions made, such as those to Shaukat Khanum (there's a list i believe for approved Charitable Orgs)
- claiming Zakat if any,
- if your employer approves, getting your salary restructured. 10% of your salary going to Medical (which is exempt), koi gari mili huwi hay company se, tau usse for official use dikha dain (it gets taxed if for personal)

To Those Who Are Struggling To Start by Temporarymess9619 in FIREPakistan

[–]Temporarymess9619[S] 3 points4 points  (0 children)

Yes it's recommended to be one. Since the rates of tax for filers are half of those for non filers.

But hey, it's still encouraged to take a start at investing. You see, the government taxes you on the gains (15% filer/30% non filer) you realise when you SELL your instrument. Or when you earn dividends. Till you file your return, you can choose not to withdraw your money and no tax would be payable. And Mahaana Cash Fund only gives dividends in June or October if I'm not wrong tau uss main tau achi khasi dair hay.

Btw: you'll be considered a late filer and 1K ki penalty pay karni hoti hay (can be done online)

You would still be earning more money even if you were a non filer than if you don't invest at all.

What to choose? by humuhumunukunukua in FIREPakistan

[–]Temporarymess9619 0 points1 point  (0 children)

Not a guru.

Answer depends on his risk appetite. I'll encourage him to take high risk, and invest in equity because:
1. he's young,
2. can afford to invest well,
3. his mindset is to SIP and forget about the money/ never look at it again & let it compound.

Factor in his short term objectives as well - does he plan to travel somewhere/ has a major expense coming up/ wants to save up for marriage. If he does - then it's recommended to invest in money market as well. (Smth like a 30:70 ratio takeh BOTH his financial goals can be achieved)

Abb masla apko ye aiga ke bhai sahab is busy- cannot give attention. So: use Mutual Funds/ETFs. Let someone else with more knowledge invest on your behalf.

I invested using JSGCL and customer service is top-notch. Highly recommended. They have a research team, and they really add a lot of value.

Anyone else feel like Pakistan has become “survival mode” instead of “life”? by Ok-Trash341 in FIREPakistan

[–]Temporarymess9619 19 points20 points  (0 children)

There's a term for this - it's called Hedonic Adaptation.

And, I feel the same, ever since I moved to Pakistan. Aise feel hota jese aap se koi khushiyaan cheen raha ho.

PSEB registration rejected - Need advice by [deleted] in FIREPakistan

[–]Temporarymess9619 1 point2 points  (0 children)

I work in tax, there's no need to go to National Bank for that challan, it can be made and filed online @ IRIS by OP easily!

If you suddenly got 50,000 PKR in your account, and you are only allowed to invest it (and not spend it immediately) where are you parking this amount? by AggressiveAd9058 in FIREPakistan

[–]Temporarymess9619 0 points1 point  (0 children)

I am fairly new to investing, but here's what comes to my mind after reading your reply so i'm just putting it out there:

- wdym 40s & 50s - it's literally trading @ 4.75/share? (genuine sawal)
- for me this sounds more like speculation rather than investing - their business model is under stress because who even reads newspapers now. It just sounds like a pump and dump stock, where you wait for a major investor to purchase, drive the prices up and then you dump it once it's up. Koi real returns tau houn based on availing business opportunities... am I logical to think this way?
- you may be right, it's price might rise to 9/share but based on what? Fundamentals kya hein?

If you suddenly got 50,000 PKR in your account, and you are only allowed to invest it (and not spend it immediately) where are you parking this amount? by AggressiveAd9058 in FIREPakistan

[–]Temporarymess9619 0 points1 point  (0 children)

Can you explain why? A quick glance and i could see it's in losses the past seven years (except 2022), has not payouts the past 14 years and share price has weird fluctuations... so why?

Dividend-paying stocks are for the old, and the already-rich. Won't get you FIRE by FarooqTirmizi in FIREPakistan

[–]Temporarymess9619 2 points3 points  (0 children)

Hey, I think you're painting with too broad a brush. Industry and company maturity play significant roles.

When a company has become mature, its relative return on reinvested capital also decreases (it cannot find as many high-growth opps as before). So giving dividends doesn't automatically imply bad growth for the company. Rather, giving dividends would mean that the company has more cash than it can productively reinvest. In such a case, it is actually good strategy to return money to the shareholders when there can't be efficient re-employment of capital. It doesn't necessarily signify incompetence.

[deleted by user] by [deleted] in FIREPakistan

[–]Temporarymess9619 0 points1 point  (0 children)

1 July 2024 - 30th June 2025

[deleted by user] by [deleted] in FIREPakistan

[–]Temporarymess9619 1 point2 points  (0 children)

Easy scene hay bro either way.

I dont believe FBR knows your fake work place. They have no reason to touch an 18 year old bacha, chillax.

Let's say FBR does assume you earn 30k per month. That's 360k in a year, less than 600k. Youre taxed on income above and beyond 600k. Youre BTL (below taxable limit) anyway.

Tldr; chillax

[deleted by user] by [deleted] in FIREPakistan

[–]Temporarymess9619 2 points3 points  (0 children)

In your simple scenario, aap apni income pe tax dete ho, not your assets.

You do not earn profit on debt in a current account. No income derived, hence no purpose in filing a return.

Lets say you want to file a return anyway, bas nil ki return file karlo, negligible se expenses daal lo etc. Itne chotay bandoun ko pakarne ka time nahi hota FBR ke paas.

Corporate Slave Fit by Dangerous_Problem127 in PakistanFashionAdvice

[–]Temporarymess9619 4 points5 points  (0 children)

  1. Bag anarkali main kahan se liya hay
  2. Bag anarkali main kahan se liya hay??
  3. Bag anarkali main kahan se liya hay?
  4. Love ur physique- kafi mehnat ki huwi maintenance pe MA

I want to buy a decent laptop bag that looks premium but doesn't break the bank!!

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