Roast me on savings made till date
Short built up . YOE 10 CTC Base : 33 ( it's below gv standards ) Debt free no emi . Need suggestions to grow at least 10x in upcoming 10 years . Monthly expense : 25 k frugal lifestyle. Corpus remaining: 150 k permonth Married no kids . Savings till date asper snip attached 1.27 cr
Debt free is the best bit. If u are planning to upgrade ur lifestyle then start investing in urself and make couple of job switch. No other way to accelerate growth
I hope you don’t have not maid your real estate purchases in the bubble (2021-2024) in bangalore, if yes then you are screwed for next 10 years my friend.
1 st flat purchase 2013 2 bhk
2 nd flat purchase 2021 1.5 bhk
Yes and it's not in Bangalore .
Nice 👌🏻, your real estate investments are good then . all the best.
Try adding more money to mutual funds vis sips as they are more liquid.
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BabuBhaiya
Stealth
7 months ago
Any particular reason for the majority of investment being in real estate?
It happened that way .
Real estate is limited and stable as compared to other options also in long run wanted to own house and stable rental income . Which I achieved .
FindingHorses
Stealth
7 months ago
What is the rental income? Ur getting
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DesignTinker
Stealth
7 months ago
You need more liquidity.
Having some 2 L emergency liquid stored is not mentioned here .
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How much save is giving mail read permission to any app?
Like in your case for NPS
Didn't gave that thought.
Nps is by default locked for time I turn 60 .
Still your concern is right .
Yeah so I recently invested in NPS first time and had been using INDmoney for a while but NPS tracking requires mails read permission 🥺
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FindingHorses
Stealth
7 months ago
How do u know ur real estate value is 1.27 cr this exact?
Purchase value no appreciation added .
Also I know it will not depriciate since I own them in prime location .
Metro is 500 mtrs way .
FindingHorses
Stealth
7 months ago
Ads more equity will help u
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Very nice portfolio ... but equity is missing. Giving you are still young, add something using smAllcase to make it easy to manage and also have good returns. Few managers: windmills capital, wright research have some very good small cases. Few of my own invested ones are here:
https://www.smallcase.com/smallcase/mi35-WKIMO_0016
https://www.smallcase.com/smallcase/mi25-WKIMO_0008
https://www.smallcase.com/smallcase/concentrated-momentum-WRTMO_0018
Corpdaaku
Student
7 months ago
Your portfolio is constipated to say the least.
Suggestions bro .
What do you suggest to diversify
Real estate chunk was planned to have real things in hand . Market dynamics make me uneasy and it seems to be more manipulative by bigger players and game is rigged .
I want to play to win .
daaveee
Student
7 months ago
Which app are you using for tracking these. I'm a beginner btw
I think I was in a similar situation 5-6 years ago but with debt on housing. I aggressively added equities in all with major allocations to index in MFs and large caps. I felt that I might have a better understanding of tech and started investing in US tech stocks. Sadly, I’m just about double the number you have with real estate being half of it.
My hope is on ESOPs converting to liquidity when they IPO in 3-4 years. Hopefully, that’ll double my networth once again. So, I guess, you could say that I’d reach 5-6x of this in the next 3-4 years.
What you’re aiming for in 10 years with a conservative outlook on equities as per your comment seems a bit unrealistic unless you make major moves.
Not sure how long you will be able to keep up the frugal lifestyle. Lifestyle inflation is something you should account for especially since you’re married and probably would have kids. So, better to contact a FPA for advice? 30-35k leke they might be able to help. I think INDmoney also has some on demand advice feature. Try that if it exists.
Why didn't you aim at being debt free first .
Instead of going for equities anything specific.
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Looking good so far but its on the lower side for decade+ yoe
I guess, you can afford to increase risk appetite by selling one flat and dumping money in some stock for the long-ish term.
By doing a purchase-and-forget.
Daily checking prices almost always ends up with a deteriorated (and often demented) mindspace.
Been there.
So now, its about making few bets and checking back on them after 6months, 1y, 2y
🙏 Thanks all for wonderful insights and suggestions .
Moral of the story
- Increase sip and equity exposure .
: will be investing in idex etf ( USD and Indian )
: drop NXT real estate purchase plan to be more liquid .
: A small case seemed to be a good option to explore
: will be doing bit of crypto crazy stuff . Although I have burnt fingers I will still try to ride this cycle
: doesn't see any other avenues to get 10x Unless I switch my gears and change my orgs to reroute to my ambitious goal with minimum hikes of 2x .
: my finance mentors 😎 thanks again and feel free to add if I summed it up . Or screwed something .
TheConsultantguy
Stealth
7 months ago
Invest in VPF and Index mutual funds and Gold for hedge via SGB
Sabre
Student
7 months ago
25k m kaise manage karte ho? Blr?
