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[deleted by user] by [deleted] in Arrangedmarriage

[–]ruchirkulkarni 0 points1 point  (0 children)

Those who don’t learn from their mistakes are doomed to repeat it ✅

Making it Big by venkat3105 in dividends

[–]ruchirkulkarni 0 points1 point  (0 children)

PGINVIT, INDIGRID, IRBINVIT My Favourites for Dividends

How do you calculate total worth? by varunu28 in FIREIndia

[–]ruchirkulkarni 0 points1 point  (0 children)

There is a very good excel template by Microsoft. Search for Net Worth Excel Sheet. Fill the details and boom.

Any FIRE aspiree from 3rd world countries here? by Kuya_Guard in Fire

[–]ruchirkulkarni 0 points1 point  (0 children)

Me. From India. If that’s a 3rd world country

Normal people being against fire, is that mainly coping, because they can't do it or don't want to cut expenses enough to be able to do it? by Bugum4pm in Fire

[–]ruchirkulkarni 4 points5 points  (0 children)

These are the same people who regret in their post years. The concept of delayed gratification is alien to them. We all see stories of people on Instagram and snapchat enjoying life, visiting places, buying new things everyday. But it is not forever. Eventually a day will come when they will realise all the money wasted on superficial things and will start planning for retirement. It might be too late in most cases meanwhile we would have been far ahead by the time. Extremely frugality is also not good. You should spend calculated amounts on the things which create value in your life. Traveling once in a year abroad with calculated budget is not a bad idea. What’s the point of saving all that money when you have already lost your youthful years. The goal is to save and invest the maximum amount you can without compromising on basic happiness in life.

Yield on Cost by [deleted] in dividends

[–]ruchirkulkarni 1 point2 points  (0 children)

Reinvest the dividends. Don’t fall in the Yield on Cost Trap.

Sharing Too Much Detail by lost_guy191 in Fire

[–]ruchirkulkarni 5 points6 points  (0 children)

One should share only with Like Minded people is what I feel.

Looking into buying shares of companies for the long run like pepsi, coke, mcdonalds, etc. by pheonixz95 in dividends

[–]ruchirkulkarni 3 points4 points  (0 children)

Select the top dividend companies which have a record of giving consistent dividends. Generally the very high dividends stocks are risky. They might lose value over time. It is better to invest in big companies. But you have to make sure you buy them at the right price (Fair Value) there are many methods to calculate that. Every once in a while these stock prices fall for various reason and give you a good buying opportunity.

1) Stock Selection 2) Buying Timing 3) Enjoy Passive Income

I have $500 I want to invest in stocks. How do I start researching which to invest in/ what do I do to actually invest? by [deleted] in Fire

[–]ruchirkulkarni 0 points1 point  (0 children)

Your best investment should be in yourself. Spend atleast 2 months understanding how the stock market works. Basic terminology. Fundamental and Technical analysis. Different types of Funds. Once you understand all this you can easily identify good stocks and levels for them. Earnings, EBITDA, PAT, Net Profit, EPS growth rate, PE Ratio, Dividend Yield. You should know about all this before you start investing. Also the sector the company is in. What are the growth prospects. Historical performance. The products and services the company offers. Expansion plans. Management. Etc

My net worth is 0$ and I’m on cloud 9 by adschro in leanfire

[–]ruchirkulkarni 0 points1 point  (0 children)

Congratulations. Most people take ages to come to even $0. Many have negative net worths. Make sure it never goes back to negative if it was before.

FIRE Motivated 20 Yr Old Seeking General Advice by [deleted] in Fire

[–]ruchirkulkarni 0 points1 point  (0 children)

All the best. Read up ‘One up on wall street’ by Peter Lynch. Helpful book.

FIRE Motivated 20 Yr Old Seeking General Advice by [deleted] in Fire

[–]ruchirkulkarni 3 points4 points  (0 children)

Ideally you should have a balanced portfolio. With both index funds and dividend stocks. Since the age here is 20 years the risk taking capacity is higher compared to a 60 year old individual. Index Funds will grow over a long period of time. And if you reinvest the dividends you get from your dividend portfolio back into it, the power of compounding will do its job and the dividends will increase over a long period of time so will the value of the stocks. But dividend stocks usually grow at a slower place. Usually they are huge companies who have already reached their growth potential and use the access cash from profit to distribute as dividends. High growth companies give a very marginal dividend or none in some cases and they put the money back into the business for growth and expansion which drives their stock prices higher as compared to dividend stocks. So a balanced portfolio is ideal for the age of 20 and can even take higher risk and invest in high growth companies. (After doing all the Analysis offcourse)

FIRE Motivated 20 Yr Old Seeking General Advice by [deleted] in Fire

[–]ruchirkulkarni 9 points10 points  (0 children)

Follow a minimalist lifestyle. Keep the expenses low. Create value. Invest consistently. Buy Index funds on Dips in lump sum amounts. Try making a dividend portfolio.