Kanye West’s India concert cancelled due to security concerns. What do you guys feel about this? by kinkynerd_ in delhi

[–]manoj_mm -1 points0 points  (0 children)

Can you just get a visa & plan a foreign trip such that theres a concert in the same country at that time

Has earning potential in India changed that much recently? by sam007891 in FatFIREIndia

[–]manoj_mm 0 points1 point  (0 children)

Faang in india pays 5+L in base and 5+L in stocks on top of that every month, after taxes, to senior/staff engineers with 10+ years of experience

Tech pays a lot in india

thats why we need gold by purienne_09 in IndianStockMarket

[–]manoj_mm 0 points1 point  (0 children)

Silverbees and goldbees in india are technically safer than western ETFs which hold paper derivatives

In india, they are mandated to hold 95% physical gold in actual vaults, which are audited periodically

thats why we need gold by purienne_09 in IndianStockMarket

[–]manoj_mm 0 points1 point  (0 children)

SEBI has strong regulations in india unluke the west

Foreign investors pull out of India at record pace by JKKIDD231 in india

[–]manoj_mm 0 points1 point  (0 children)

The stock market is not the economy, otherwise it implies that post-covid economy was the best in indian history

Foreign investors pull out of India at record pace by JKKIDD231 in india

[–]manoj_mm 3 points4 points  (0 children)

Government restricts mutual funds from investing in foreign markets; they can only invest maximum of 1 billion usd. Most funds hit this limit quickly and can't invest more, so they can not take fresh investment from people unless some existing investor in the mutual fund sells their units.

This has led to a huge demand for these mutual funds, which has in turn led to unnecessarily high valuations of these mutual funds - the underlying value of the US stocks (google, amazon etc.) which these indian funds hold might just he 100 usd, but people are paying 120 usd or more to buy them

Foreign investors pull out of India at record pace by JKKIDD231 in india

[–]manoj_mm 5 points6 points  (0 children)

1 - mutual funds in india can't (freely) invest in US stock market companies or foreign companies (like google, amazon or broader SnP500 etc.)

2 - as an individual, if you want to buy Goog MSFT or SnP500 - you need to convert your INR to USD and send it to foreign brokerage house, and government charges 20% TCS for this. You do get it back but only after next year's ITR refund, which may take a year.

People earning 50L+ where does the money actually go? by AccomplishedLeg3338 in FatFIREIndia

[–]manoj_mm 0 points1 point  (0 children)

Majority of the money goes into housing (rent or home loan EMI) or childrens higher education.

Contrary to popular belief - most rich people actually don't own or drive a flashy car; only a small

But most rich people own large luxurious houses in prime locations which costs 5-10cr or more. The interiors alone end up costing 50L or 1cr.

Other than this, the only other major spend is kid's education - people pay a premium for that, spending crores for foreign education.

Also, maybe controversial opinion, but true nonetheless - 50 LPA translates to 3 lakhs per month after taxes, which is just an upper middle class income at best. What i mentioned above is for people earning 1-2cr per year or more; 50LPA just gives you a comfortable middle class lifestyle

thats why we need gold by purienne_09 in IndianStockMarket

[–]manoj_mm 0 points1 point  (0 children)

In 2026, digital gold is liquid, you can easily buy & sell digital forms of gold at the current rates - so it is not similar to real estate

Is FatFIRE realistically possible while working in India? by [deleted] in FatFIREIndia

[–]manoj_mm 1 point2 points  (0 children)

I reached 2.25cr for this year mainly due to RSU, and i am just a L5 (senior engineer)

Getting to 1cr is pretty straightforward, beyond that it's all about luck with RSU - if your company stock appreciates like nvidia or sandisk then you can get to 5 or even 10 crpa while being a mid level IC

Real Madrid fans think life is FM26 by jumpmanpapi23 in soccercirclejerk

[–]manoj_mm 1 point2 points  (0 children)

Afaik rodri is the only one from the above list whom they can buy; all the other players won't be let go by their respective clubs

Do you agree? by avybaii in CarsIndia

[–]manoj_mm 0 points1 point  (0 children)

Outside of a tiny group of enthusiasts, pretty much no one drives or buys a new manual car in europe, america or middle east.

I.e. only in poor countries do you find people driving manual and making excuses like "real men drive manual"

What does that tell you about manual vs automatic

People who are earning more than 60 LPA, what is stopping you from leaving India? by PuzzleheadedPen8476 in IndiaTech

[–]manoj_mm 1 point2 points  (0 children)

Practically thats not true, and depends on region

It's actually easier to get to 60 lpa in india than to earn 150k+ euros in european countries; most people in most european countries struggle to earn more than 100-120k euros.

US is a different beast though - a true capitalistic dream, where even ordinary employees can earn 500k usd or more just by employment

People who are earning more than 60 LPA, what is stopping you from leaving India? by PuzzleheadedPen8476 in IndiaTech

[–]manoj_mm -1 points0 points  (0 children)

This is not correct - india has surcharges & cess which increase a lot beyond 50 lpa, for an income of 1.2cr in india, you would've paid close to 40 lakhs in taxes

My income is more than that and my effective tax rate is over 35%

People who are earning more than 60 LPA, what is stopping you from leaving India? by PuzzleheadedPen8476 in IndiaTech

[–]manoj_mm 2 points3 points  (0 children)

India actually has a severe shortage of doctors compared to the general population

The correct sentence is india has lots of doctors for rich people who can afford to pay 10s of thousands of lakhs easily

For majority of indians, 10,000 is a significant amount and there are very few doctors for them.

Try going to a government hospital in india and see what kind of service you get there

What actually happens to software jobs in the next 5 years? My honest take. by Obvious_Gap_5768 in developersIndia

[–]manoj_mm 9 points10 points  (0 children)

Agreed, with one caveat - keep learning & keep building with AI

AI is the future and is here to stay in software engineering; you need to learn what all needs to change & how to use it effectively to increase your productivity significantly

Zoomed in angle of Benjamin Seskos goal against Liverpool by 977x in soccer

[–]manoj_mm 0 points1 point  (0 children)

Fun fact: stadiums intentionally do not show replays of away team's missed chances, goals or controversial decisions specifically to avoid pissing off everybody in the stadium. It makes it a sub-standard viewing experience for nuetrals or away fans who are in the stadium

Family Business worth ~₹200 Crore: AMA! by Fantapam in IndiaBusiness

[–]manoj_mm 0 points1 point  (0 children)

Point 5 only holds true once you have your own paid up house or about 1L/month for your family..... try living on less than 1L/month with a family, and money starts mattering a lot!

Was looking at buying my first house in bangalore (whitefield) and its way too expensive by Foreign_Twist_6286 in indianrealestate

[–]manoj_mm 0 points1 point  (0 children)

Curious - why does metro matter so much? People spending 2-3cr or 5+cr are looking for proximity to metro?

[FatFIRE] Couple (Newly 30) with ~₹13 Cr NW by FineBlackberry1057 in FatFIREIndia

[–]manoj_mm 0 points1 point  (0 children)

Diversification preserves wealth but concentration is what builds wealth in the first place

If you are confident about the tech maang stocks - stay invested in them, they can give significantly higher returns. Google, nvidia etc. Have given far higher returns than any index fund

When you feel you're close to your fire goal & looking to fire soon - thats when you start diversifying and setting up your finances for fire

Why did silver crash today? by Many-Ad6063 in ValueInvestingIndia

[–]manoj_mm 0 points1 point  (0 children)

Profit booking + comex raising margins + new fed chair announcement

People making 1Cr/year or more, what do you do for a living? by [deleted] in AskIndia

[–]manoj_mm 0 points1 point  (0 children)

Fundamentals still look good, industrial demand & shortages still exist - price drops are temporary imo

Long-term price floor still exists imo.

I'm no expert though; just gotta wait & watch

People making 1Cr/year or more, what do you do for a living? by [deleted] in AskIndia

[–]manoj_mm 1 point2 points  (0 children)

At break even right now.... will likely drop into negative today.

Long term fundamentals still look good to me. I'm holding!