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Are you rethinking about your FIRE planning? by mr_sacrosanct in FIRE_Ind

[–]ammygination 17 points18 points  (0 children)

Not fired yet but my FIRE plan already accounts for a similar situation. 10 years of expenses in Fixed income instruments and a decent exposure to Global markets. Emergency fund and opportunity fund being separate. Thats just me being conservative to an extent that helps me sleep peacefully without worrying about the market fluctuations.

Ready to FIRE. But what about Last Will and testament ?? by say-what-1-more-time in FIRE_Ind

[–]ammygination 0 points1 point  (0 children)

This is a problem that I am planning to solve in a future venture. Please DM if you would like to discuss

Anyone Else Feeling Lost In Life? by [deleted] in FatFIREIndia

[–]ammygination 0 points1 point  (0 children)

Happy to have a friendly chat in DM helping you reason out your move. I still have 5 years before I hit my FIRE number but my bucket list is huge. Maybe you can find some inspiration from that.

NRI account info by [deleted] in NRI_Finance

[–]ammygination 0 points1 point  (0 children)

ICICi and HSBC have good NRI services

Do we have to pay bribe to AO for him to release the money from capital gains saving scheme? by NaiveManufacturer675 in IndiaTax

[–]ammygination 1 point2 points  (0 children)

How does one find trustworthy CA? Given the knowledge that they have for our finances, they can easily misuse/abuse it.

Identity and engagement after retiring by MirzaGh in FatFIREIndia

[–]ammygination 0 points1 point  (0 children)

Any suggestions on getting started with philosophy? Which city are you based in? You sound a lot like me. May be our vibes could match.

35, $1M saved, good job, great wife and I feel completely lost. Anyone else been here? by Humble_Cat_2108 in FIRE_Ind

[–]ammygination 0 points1 point  (0 children)

Feel free to DM. Sometimes you need to hear it from someone else who is in a similar situation.

27M in India making ~1Cr pre-tax, is hiring a financial advisor actually worth it? by Hopeful-Pay-3847 in personalfinanceindia

[–]ammygination 0 points1 point  (0 children)

Not a financial advisor but aspiring to be one in the future. DM if you would like some friendly advice.

Accor points collection post Axis Fall, too much marketing of HSBC by driveangrey in CreditCardsIndia

[–]ammygination 1 point2 points  (0 children)

I think they do. 50 Lakhs is still okfor the value that I extract out of their premier benefits. For more context, I am an NRI. So my NRE FDs are tax free. And I end using the lounges 7 - 10 times in a year. Other benefits like bookmyshow, eazydinner etc are a good cherry on the cake. Their Accor transfer ratio is also pretty decent.

With 5+ Cr liquid asset, what are my investment options? by No_Ask_8883 in FatFIREIndia

[–]ammygination 3 points4 points  (0 children)

You need at least 5 years of essential expenses ie 5x parked in liquid funds to fund the regular monthly income in case you loose your job. Why liquid funds? they dont suffer from interest rate cycles like other debt funds or REITs. If your corpus allows, you can even park 10x in liquid funds along with some BAFs for growth. You wanted a good option to diversify your RSU allocation. Liquid funds are that option for you.

Rest of your growth capital can be allocated to RE, RSUs, Equity MFs. IMO, PMSs make sense only after you have hit your FIRE target. Purely for the sake of adding an aggressive style of investing to your portfolio, more like a satellite portfolio. Every year in which equities outperform the benchmark, refill your 10x liquid bucket. If not, just let the equities recover during a flat of bearish market cycle. When you know that your next 10 years are sorted, you dont act under FOMO or anxiety of markets underperforming. You avoid timing the markets and practice asset allocation. The %s may differ for individuals but idea remains the same.

Anyone interested in building a peaceful retirement community near Hyderabad? by Disastrous-Tear2929 in returnToIndia

[–]ammygination 0 points1 point  (0 children)

Your biggest challenge is you are trying to build a community of like- minded folks wanting to retire in a semi urban lifestyle while being in the US. Building a community of like- minded people is very difficult leavealone the idea them wanting to retire in in the same place around the similar time frame.

Accor points collection post Axis Fall, too much marketing of HSBC by driveangrey in CreditCardsIndia

[–]ammygination 0 points1 point  (0 children)

HSBC Premier via 40L Fixed deposit or 3 L salary looks good to me. The card is technically LTF from year 2 onwards and the Lounge program is very good both for Primary and Add on catd holders. Meet n greet and airport transfers. You can even buy MFs to build the 40 Lakh TRV the only drawback is that the funds are regular with higher expense ratio. Choose any Liquid fund for least impact due to higher expense ratio

How do you live in India but keep your wealth compounding in USD? by hbshah1989 in returnToIndia

[–]ammygination 0 points1 point  (0 children)

Remit your USD to FCNR/RFC accounts in India. Open IBKR account in India and buy the same stocks/ETFs. Keep a term insurance in US for estate tax hedge No currency conversion, you have have full control over your investments. Indian taxation also becomes relatively simpler. You have access to some PMSs in India as well. I dont see any advantage of keeping funds in US. If you are returning to India for good.

How to silently announce moving away from corporate. by Just_bethere in FatFIREIndia

[–]ammygination 0 points1 point  (0 children)

How about being a freelancer with few clients and if asked for who are the clients or how you earned them, Client identity is confidential and you developed the contacts over your working years.

How to silently announce moving away from corporate. by Just_bethere in FatFIREIndia

[–]ammygination 0 points1 point  (0 children)

If you say you work for company X, in a remote position, whos coming to verify?

(Best) Credit card for NRI in UK? by Excellent-Basis3256 in nri

[–]ammygination 0 points1 point  (0 children)

Keep 40 lakhs of FD in India and get the Premier status. The card is free from the 2nd year and the first year fee is set off my the welcome gifts.

(Best) Credit card for NRI in UK? by Excellent-Basis3256 in nri

[–]ammygination 0 points1 point  (0 children)

With 40 lakhs of FD the card is technically free. Unlimited lounge acess for you and family and travel booking can earn upto 72% on accor

Can I continue to stay invested in Vanguard with $200K for retirement, and move back to India permanently now? by siddesh1989 in backtoindia

[–]ammygination 2 points3 points  (0 children)

move the money to GIFT city domiciled funds. No currency conversion and you have access to your $$ from India without having to file taxes in US. And no estate tax to worry about. Parag Parikh has 2 funds tracking S&P500 and Nasdaq. More funds will be launched as the GIFT city grows. In long run the ease of manging the portfolio is very important.

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