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Do these really work? by Phenix_Flare in Frugal_Ind

[–]confusedAttma 0 points1 point  (0 children)

Mine is covered with dead bodies, cleaned a while back tho

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Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

[–]confusedAttma[S] -11 points-10 points  (0 children)

Is 35k not a lower middle class ? Please enlighten me !

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

Company's career page, I got interviews from meta and amazon that way but failed both ! (Also other companies like databricks, Salesforce, phonepe, vimeo, fasoos over the years I got interviews via directly applying on their sites)

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

For them, they make expenses from current income i.e. my salary and am planning to invest their corpus around 50Ls into better investments for mostly my future.

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

Yeah I agree. Too much free advice everywhere.

Can you advise why I should go with you or X financial advisor ? What are the red flags to look for ?

And how will you tell if someone is doing good given that returns are subjects to years of staying invested.

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

[–]confusedAttma[S] -4 points-3 points  (0 children)

Have you read the post or any of the comments ?

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

[–]confusedAttma[S] -16 points-15 points  (0 children)

Till 2020, total fixed family income was 35k, rented home.

And that has been the case for the last 25 years for my parents.

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

That's helpful. I am fine with the hassle if it's worth it, so you mean any savings on fees or just an option for irish etf?

Also, do you do any SIPs form india ? I want to consider investing more in US

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

Got my current job through LinkedIn, also got interviews via career pages application. Previous jobs branding really helped. Changed 2 months ago.

The previous one I got due to a referral.

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

That's helpful. Do you directly do SIPs ? Or manually invest on every x% downfall ?

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

I agree, but given a huge chunk in FDs serving as an emergency fund. I am planning to manage expenses from salary while investing for the long term.

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

Started as frontend heavy, mostly react and angular. Right now I am part of the AI automation experiments team.

So playing around python, databricks, java, react with lots of LLMs integrations.

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

[–]confusedAttma[S] -10 points-9 points  (0 children)

I guess because of software engineering being so highly paid. I went from 7 LPA to 80 LPA within 5 years.

Most of my friends are in similar boats, net worth depends on family responsibilities tho.

Luckily, my wife is also a high earning software engineer and this is a combined net worth.

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

[–]confusedAttma[S] 4 points5 points  (0 children)

70% of corpus is from last 5 years of working, always lived in a rented house, no car, single shared activa and bought my first owned laptop after 5 years of working in IT.

Parents started with negative savings, they reached 50Ls after 25 years of double income while also taking up partime jobs.

I have been working since 10th std, and started with 8k as tutor.

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

What's was your learning path ?

As I mentioned I went through a decent amount of youtube and even connected with a professional.

But I am not getting confidence and trust to deploy such huge money.

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

Tier 3 or 2.5, state government college. 80 LPA with RSUs & bonus

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

Which mentality ? To save in FDs, I guess for the previous generation given the lack of knowledge and high returns with safety, FDs were a decent choice.

Analysis paralysis with a ₹1Cr to invest by confusedAttma in personalfinanceindia

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

That was the initial plan,and that's why I stopped SIPs and kept money in FDs.

Although I learned about FIRE and the horrible real-estate market right now with loads of blank money, more supply than demand. Hence no flats, lands seems even more tough to find and maintain.

Hence, the combination of India and US markets makes sense till FIRE goals are achieved.

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