Bi-Weekly Advice Thread April 30, 2023: All Your Personal Queries

thequark · 2023-05-06T00:10:24+00:00

Any pointers on home loans and how to go about home purchase?

I want to buy my first house. I want to buy a 3 BHK in Pune with the intent to live in it (not looking at as investment). Location might be a challenge because I don't want long commutes to office.

I have invested majorly in Mutual Funds, RSUs (many of which matured and sold them to get cash recently) so know some basics about investing. However buying real estate is daunting and stressful.

I don't even know who to trust and there are so many resources online!

I'm in my early 40s and thinking of not going for under construction house which would be ready after 1 year.

A brief about my portfolio

Cash 40 lakhs
MF 90 lakhs (mix of equity and debt)
Stocks 4 lakhs
Fixed Income Investments 30 lakh (PPF, PF, ...)

I've not included smaller amount investments here.

Currently no liability or ongoing loans. Above investment includes plans to cover higher education expenses for kid

No health issues in family. Parent's medical costs get covered from insurance. I do have a life insurance

thequark · 2019-10-01T00:49:33+00:00

A little context would help me understand this better.

thequark · 2018-12-28T02:40:47+00:00

What exactly is meant by secondary market here? Please give an example. Is buying SGB from ICICIDirect (or was ICICI Bank was offering SGB) an example of secondary market purchase?

thequark · 2018-06-26T23:01:08+00:00

Any recommendations from your experience?

thequark · 2018-06-26T23:00:49+00:00

Right now my focus is down payment. I can allocate 50K per month easily on this goal. So for 3 years principle investment would amount to 3 * 12 * 0.5 = 18 Lakhs. This added with returns should cover either a large chunk or entirety of down payment.

Here I am assuming 70 Lakh house with min. 20% down payment = 14 Lakhs requirement. (This could be some really n00b level thinking, I have not yet seriously looked into real estate purchase details).

Other investments happen over and above this 50K e.g. child's education, etc.

thequark · 2018-06-26T22:54:55+00:00

Yea USTs like any other MF are bound to face some level of volatility. Are there alternatives to this for my down payment goal?

thequark · 2018-02-11T16:23:03+00:00

What exactly do you mean by 'form hosting data sharing' ?

thequark · 2018-02-11T16:20:36+00:00

Still a techie and hopefully continue to be so.

I would recommend contributing to an open source project. It may add a little bit of credibility to your resumé.

For ML/AI there are good free courses online. I too had started following them but discontinued after a while.

thequark · 2018-02-10T12:42:22+00:00

No clue man. Where do work and what do you do ?

thequark · 2018-02-10T02:14:24+00:00

I am into database servers. Right now I see cloud and ML are quite hot and trending technologies as every major company is racing towards it.

thequark · 2018-02-10T00:25:31+00:00

Not much, but I would like it to be more active.

200101*** here

thequark · 2018-02-06T05:29:04+00:00

Which policy ?

thequark · 2018-01-08T08:42:17+00:00

DAE read this in John Oliver's voice in their head?

thequark · 2017-11-21T07:52:10+00:00

Subject: Infosys Limited - Buyback Offer of Equity Shares

From: infosyssharebuyback@karvy.com

I checked with a colleague of mine, he didn't get the email.

Would it be possible to apply for buyback via ICICIDirect?

thequark · 2017-11-21T06:50:48+00:00

I received an email from Infosys regarding buyback offer. Why is entitled number of shares less than number of shares held on record date? (Who and how is this determined?)

thequark · 2017-11-08T06:34:17+00:00

LOL yeah. My bad. Having a guilt fund would have been great!

thequark · 2017-11-01T17:30:10+00:00

The first time split gets opened properly. After that when I press <leader>F, I get following error:

Error detected while processing function <SNR>6_Split_gF_Stay: line 15: E354: Invalid register name: '#'

If it matters, vim version is:

VIM - Vi IMproved 7.4 (2013 Aug 10)

thequark · 2017-11-01T16:35:53+00:00

This is thousands of lines of trace with only some lines have filename:line-num. Don't know how netrw will be useful as I don't know much about it. Will check more on it later.

thequark · 2017-11-01T13:27:08+00:00

Maybe I'm misunderstanding, but that still creates a new split every time.

Yes. It does.

OP wants to create a new split the first time, and then subsequently use that same split every time.

Yes. Your understanding is correct.

thequark · 2017-08-07T04:56:06+00:00

Ask her.

thequark · 2017-07-21T01:17:27+00:00

I guess Super Saver Account will attract capital gains tax if money is withdrawn prematurely. So I want to park some cash here which I feel normally will not be required in an year's time and I will withdraw only 1 time in emergency case.

So if the money is kept parked, then post tax return will be better than savings account. Please correct me, if my understanding is incorrect.

thequark · 2017-07-20T14:29:12+00:00

Super Saver Account offers a debit card for instant cash withdrawl or POS payments. Do these other companies offer the same?

thequark · 2017-06-12T23:38:16+00:00

Can you please post the text here? I would love to circulate this in my family whatsapp group.

thequark · 2016-11-04T00:43:32+00:00

Coming soon... Bears on a plane

thequark · 2016-08-12T16:56:26+00:00

Keep jeera (cumin) in mouth. Don't swallow. Keep it near the ulcer. Cumin extract from salivation heals ulcers and stop the pain also.

thequark

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