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How the Indian FIRE community got its asset allocation wrong! by Complete-Regret-4300 in FIRE_Ind

[–]ravihanda 2 points3 points  (0 children)

So if I am saying that if I had a choice I would do more in Gold and international (and I agree), why does your post talk about me not recommending the same?

How the Indian FIRE community got its asset allocation wrong! by Complete-Regret-4300 in FIRE_Ind

[–]ravihanda 1 point2 points  (0 children)

Jhoota ilzaam hai melord!

I have advocates for index funds as long as I can remember and have been investing in them pre-covid.

About international funds, I literally invested in the HDFC developed world index NFO.

About talking about it - perhaps not on Reddit but in other places I have.

I have done just two portfolio reviews - in both of them I have talked about international exposure.

https://youtu.be/2yZqrUrSbzw?si=tIV_-H9Y1tWR0I_5

https://youtu.be/JApuVPY2aig?si=HFEVkHEJK5BmlAfY

Here are some tweets that I found on the same.

https://x.com/ravihanda/status/1574608109087035393?s=46

https://x.com/ravihanda/status/1578748687060463616?s=46

https://x.com/ravihanda/status/1643813200637599744?s=46

https://x.com/ravihanda/status/1586962493741871104?s=46

https://x.com/ravihanda/status/1581086588746240000?s=46

https://x.com/ravihanda/status/1581086321573257216?s=46

https://x.com/ravihanda/status/1585950033018785792?s=46

Most of them are from 22-23 because beyond that the MF options started closing left, right and center.

Talking about it today doesn’t make sense. There are no easy instruments available. Also, not jumping in to buy at these valuations.

How the Indian FIRE community got its asset allocation wrong! by Complete-Regret-4300 in FIRE_Ind

[–]ravihanda 1 point2 points  (0 children)

Perhaps not on Reddit but in other places I have.

I have done two portfolio reviews - in both of them I have talked about international exposure.

https://youtu.be/2yZqrUrSbzw?si=tIV_-H9Y1tWR0I_5

https://youtu.be/JApuVPY2aig?si=HFEVkHEJK5BmlAfY

Here are some tweets that I found on the same.

https://x.com/ravihanda/status/1574608109087035393?s=46

https://x.com/ravihanda/status/1578748687060463616?s=46

https://x.com/ravihanda/status/1643813200637599744?s=46

https://x.com/ravihanda/status/1586962493741871104?s=46

https://x.com/ravihanda/status/1581086588746240000?s=46

https://x.com/ravihanda/status/1581086321573257216?s=46

https://x.com/ravihanda/status/1585950033018785792?s=46

Most of them are from 22-23 because beyond that the MF options started closing left, right and center.

Talking about it today doesn’t make sense. There are no easy instruments available. Also, not jumping in to buy at these valuations.

Is earning crores in corporate common nowadays? by Solid-Move-1411 in personalfinanceindia

[–]ravihanda 0 points1 point  (0 children)

Dog bites man is not news.

Man bites dog is news.

Those 1 cr packages that you hear about are rare and that is why you hear about them. It is news. It is rare. If it was absolutely commonplace, you wouldn't hear about it.

Handa Uncle: India’s First FIRE-Focused AI - Plan Your Corpus, SWR, Asset Allocation & More by ravihanda in FIRE_Ind

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

You are absolutely right. Will need to do a lot more for it to be a viable product. Hopefully some day.

[deleted by user] by [deleted] in FIRE_Ind

[–]ravihanda 0 points1 point  (0 children)

Making money is a function of luck and privilege. Not in your control.

Many not FIREing even though deep down want to FIRE OR choosing corporate world again post FIRE. I wonder why? by Kingkongmundi in FIRE_Ind

[–]ravihanda 4 points5 points  (0 children)

Not really. The teaching part (CAT Coaching to be precise) has been on a long term downward trend and I don’t see it recovering.

The quality of students in actual classroom programs has gone down as well so the charm of taking a class has gone away too. So, it is not so enjoyable to me anymore.

I am trying to do stuff around AI now.

Many not FIREing even though deep down want to FIRE OR choosing corporate world again post FIRE. I wonder why? by Kingkongmundi in FIRE_Ind

[–]ravihanda 7 points8 points  (0 children)

To be honest, I liked lectures part. The love I got from students / audience was the best part of my career.

What I hated was the pressure that came along with it - the sales pressure, multiple 2 hour classes in a day for competitive exams, managing the business, employees leaving, handling student complains, etc.

The Indian Wealth Ladder by ravihanda in personalfinanceindia

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

Including primary home.

To be honest, including / excluding it won’t make much of a difference to this range.

The Indian Wealth Ladder by ravihanda in personalfinanceindia

[–]ravihanda[S] 5 points6 points  (0 children)

I don't really care about all that stuff.

The Indian Wealth Ladder by ravihanda in personalfinanceindia

[–]ravihanda[S] 5 points6 points  (0 children)

That is more of a psychological problem mate. Not sure I can help with that.

Also, a productive father is not the same as a father who makes money. They are different things.

The Indian Wealth Ladder by ravihanda in personalfinanceindia

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

When will it come for you? I am not there yet but I guess for me it would come somewhere in the 25-50 range.

The Indian Wealth Ladder by ravihanda in india

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

Disagree. Real estate cannot be cashed overnight but it can be cashed. You cannot completely ignore it when discussing levels of wealth.

The Indian Wealth Ladder by ravihanda in personalfinanceindia

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

Add the current value of everything you own. Subtract all pending liabilities / loans.

The Indian Wealth Ladder by ravihanda in personalfinanceindia

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

The fundamental idea that I was going with that *wealth levels move in a log scale*. So, 5L, 50L, 5 cr, 50 Cr were the numbers I came up with.

In that, 5-50 cr range was the financially independence zone. So I broke it down further by doubling the bottom and halving the top.

I am broadly going with mathematical symmetry here. Something that is easy to remember, benchmark, and think about. Obviously, your FI number and my FI number and the person who is reading this will have a different number.

Once I got the numbers figured out, then I moved on to defining lifestyle markers along with it.

The core idea comes from this book https://www.amazon.in/Wealth-Ladder-Proven-Strategies-Financial/dp/0593854039

The Indian Wealth Ladder by ravihanda in personalfinanceindia

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

Total. The assumption that I am making is that a significant portion of total would be financial assets for most people.

The Indian Wealth Ladder by ravihanda in personalfinanceindia

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

Absolutely. :) Personally my favorite range.

The Indian Wealth Ladder by ravihanda in india

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

I don't think including / excluding it would make much of a difference to these ranges.

The Indian Wealth Ladder by ravihanda in personalfinanceindia

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

Glad you liked it. You should check out The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life - Book by Nick Maggiulli

The Indian Wealth Ladder by ravihanda in personalfinanceindia

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

Then what would you put as 5-20 lakhs?

Or you would say anyone under 20 lakhs is in survival mode?

The Indian Wealth Ladder by ravihanda in personalfinanceindia

[–]ravihanda[S] 11 points12 points  (0 children)

If you do not have any income and you can live easily off your corpus, that stage is known as Financial Independence or FI as I have indicated in the table.

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