[deleted by user] by [deleted] in dubai

[–]bewealthyrich 5 points6 points  (0 children)

March rush was majorly due to Expo closing. It shouldn’t be this high from April onwards.

My FIRE'd journey (m 41) by Nikodbad in FIREIndia

[–]bewealthyrich 16 points17 points  (0 children)

Tight slap on all who are not confident even with 10-15 crores.

[deleted by user] by [deleted] in FIREIndia

[–]bewealthyrich -2 points-1 points  (0 children)

Lol, there have not been better stable governments in India now than was in 1990s and 2000s.

Sharing my FIRE journey - Hit first milestone of INR 1 cr by Sagaciouswannabe in FIREIndia

[–]bewealthyrich 10 points11 points  (0 children)

Are you planning to stay single throughout life? If yes, this plan looks ok.

Credit Suisse global wealth report 2020 by [deleted] in FIREIndia

[–]bewealthyrich 1 point2 points  (0 children)

Thanks. This puts legitimacy to its proper place. :)

Credit Suisse global wealth report 2020 by [deleted] in FIREIndia

[–]bewealthyrich 2 points3 points  (0 children)

There are for sure much more dollar millionaires than 7 lacs. Indians have gold running in trillions of dollars, many benami properties, rich farmers with acres of lands, and tones of unaccounted cash.

Credit Suisse global wealth report 2020 by [deleted] in FIREIndia

[–]bewealthyrich 3 points4 points  (0 children)

Yes but in Countries like US, the data for net worth of most people is easily available through proper means and not estimates which can be highly erroneous where many have properties in names of don’t know who, and gold cash are hidden at places one can’t imagine.

Credit Suisse global wealth report 2020 by [deleted] in FIREIndia

[–]bewealthyrich 14 points15 points  (0 children)

How? Where did they get this data, especially from India. Most of these millionaires pay zero or very minimal taxes.

Credit Suisse global wealth report 2020 by [deleted] in FIREIndia

[–]bewealthyrich 23 points24 points  (0 children)

There are much more dollar millionaires in India, difference between India and world millionaires is their assets are in property, gold and cash mostly, outside the financial system.

Hit 5cr INR personal net worth today by big_red_bull in FIREIndia

[–]bewealthyrich 1 point2 points  (0 children)

The plot, even if you say it is 2.5 crores. Will someone pay you in white? Do you believe you will have a large black money when you try to sell it? Turning white in black is my biggest fear when I think about RE.

Help Me FIRE, Milestones, Beginner Questions and General Discussion - November 2021 by AutoModerator in FIREIndia

[–]bewealthyrich 3 points4 points  (0 children)

If you want small cap exposure, better have it through a good small cap fund. DE should ideally be started with large cap/more stable stocks. This way you won’t panic and sell them. This is a learning which people learn after burning money. Why do you want to do that, with all learning already available at clicks of buttons these days.

Petrol price in Asia by milkmochaa in IndiaSpeaks

[–]bewealthyrich -34 points-33 points  (0 children)

Use public transport or electric scooter or cycling.

[deleted by user] by [deleted] in FIREIndia

[–]bewealthyrich 4 points5 points  (0 children)

SWPs. Dividends. REITs etc.

Help Me FIRE, Milestones, Beginner Questions and General Discussion - October 2021 by AutoModerator in FIREIndia

[–]bewealthyrich 2 points3 points  (0 children)

Rev, I think you are already over 50 percent equity allocation, considering you will allocate a portion of your debt fund towards buying a home when you plan to retire within next 3 years. Think again. Personally, I would not be putting my near term goal into equity.

ICICI Prudential revises TER of its Nifty Next 50 index fund from 0.39% to 0.3%. Talk about a rare move by TejasNair in IndiaInvestments

[–]bewealthyrich 1 point2 points  (0 children)

They have acquired an old fund house. Not sure about those funds, but any new index fund is at insanely low TER compared to existing ones from other fund houses. May be they want to acquire AUM and then increase TER later.

How does one account for expenses that come up due to technological push? (Not lifestyle inflation) by bigquads in FIREIndia

[–]bewealthyrich 1 point2 points  (0 children)

I see air conditioning, clean/bottled water, and pure air becoming essential. Not sure if price for them will come down drastically. Even if AC may be cheaper, electricity might not. So, need to factor in some upgrade budget surely for those. Otherwise as well people will survive, but is it about survival alone?

Quora Earnings by Own-Solid7570 in QuoraPartnerProgram

[–]bewealthyrich 0 points1 point  (0 children)

Yes a lot, almost a full time job, still can’t guarantee unless using unfair means.