Software Test - QA

Software Developer

SIMP ❌ SIP ✅

SIMP ❌ SIP ✅- Grapevine

Welcome to Personal Finance's Private Community

I want to switch from a MF  and start SIP in another MF in my portfolio. Is it advisable to switch entirely in one go or do SWP from the folio and go for SIP in the other. Also what are the tax implications in such case. TIA

SWP Vs SIP

Human Resources

Welcome to Software Engineers's Private Community

Hi Guys ,

I want to start investing in SIP , My budget is 10-12k .
Please suggest me some good Large , Mid & Small Cap funds to invest in .

Thanks in advance:)

SIP investment strategy

Salesforce Developer

Welcome to IT Company Discussion's Private Community

My current salary is 42LPA. I am from IIT, have 7 years of experience and work in product. Honestly, my value in the market is higher than what I’m being paid but I am very demotivated to optimise for that. When I do see less deserving people minting more money, I feel that I am doing injustice to myself and playing the wrong hand.

More and more though, the thought of earning more money chokes me a bit. I have dreams of building something of my own - that gives me control to build something my way and freedom to live my life as per my terms. But the mindset of “zyada paisa pareshaani hai” doesn’t leave me.

My family also is not dependent on me and whatever is needed from my side, I actively contribute to. I also lack any motivation to focus on my investments and see my money grow. I just have money sitting around in my bank account purely for nothing

I also look at my lifestyle choices from time to time and go into existential debate of why we need the things that we do. This has come to a point where I really do not understand my relationship with money and why we earn and spend it. 

For me at this point, it’s just a show for the world. There’s very little that you need, and really no limit to what you want to show. And I just don’t see a point in it anymore.

I am demotivated to work to earn more money

Hey @Hungryninja  
 Extremely relatable and very beautiful write up 
  
 I get the trouble you face. When you’ve almost figured out what you like and what you don’t like (that money isn’t thaaat needle moving, I have basic needs) but at the same time, the opportunity cost of relaxing is too high - everybody from your batch will remind you of how far you can go, and the middle class boy in you will find it difficult to stomach letting go of all the money, even though you can make it  
  
 Went through this at one point. I have ultimately sided with money. I cannot sit back and relax. Money will only unlock a lot of foreign travel and good lifestyle for me. But more than that, I am lucky to be in a position that allows me to earn money easier than other people do. So I’ll make it, help extended family and people who cannot earn as easily, because at least in a country like India, it’s almost a responsibility. We’re not fucking Europe. 
  
 I’ll just not kill myself for it as much as I used to :)

Investment Associate

Product Owner

Back after a break. What's the one article / report / post that you found interesting the last week?

All of last 2 weeks I have been reading blogs and articles of different sections of income tax, so a bit low on general reading. :) Here goes mine:

https://mf.whiteoakamc.com/docs/default-source/special-facilities/sip-study-by-whiteoak-capital-mf.pdf?sfvrsn=ab210e0f_4

Interesting insights on SIPs - timing, frequency etc. Share your thoughts on this!

Weekend musings - edition #4

Growth Manager

Welcome to Banking & Finance's Private Community

Helllo All . I am a newbie in mutual fund investment.  
Need suggestion to start SIP . 
Which is best reliable app in context of UI , overall stability , buying and withdrawal, transaction consistancy 

Below are few options I have explore till now : 

1 : Coin By Zerodha
2: Angel one ( has best informative ui in stocks section. Not sure about MF )
4: Grow ( seeing some glitch in stocks )
5: ETMoney
6: icici direct ( Major problem is only growth  fund is available , no direct fund )
7: Any other better suggestion. 

Please share your recommendation/input

Need suggestion for SIP

Data Analyst

Newbie here any tips regarding SIPS and Mutual funds

Getting into SIP,MF

Is simiping an India specific epidemic? Does anyone here recognize themselves as a simp?

The power of compounding really works! 
Started with a meagre salary of 4L/annum in 2018. But made sure to SIP 5K every month in Mutual Funds, and kept on increasing with career progression. This could’ve been more but I wasn’t able to regularly SIP during the two years of my masters I did after my first job. 

This may not be as much as the other tech dude bros out here sitting in CRs but this is a big milestone for me and all I’d like to say is SIP really does work and it’s all about being in the long run. Onwards and upwards only now 💪🏼💪🏼

Small Wins (2x’d my MF Portfolio)

Senior Consultant

Hi guys
A finance noob here.
Recently, I saw a lot of videos about Step up SIP and I agree with the point that after every raise you should increase your investments, but I tried a few calculators and didn't find that step up system increased my profits insanely in any way.
E.g.
7000 monthly SIP for 10 Yr at 12% Return
Invested amount = 8.4 L
Estimated Return= 7.8 L
Total = 16.26 L

7000 monthly + 10% step for 10 Yr at 12% Return
Invested amount= 13.38 L
Estimated Return = 10.2 L
Total = 23.6 L

Here I am paying approx 5 L more and the benefit is around 7 L more (out of which 5L is from my pocket), so 2L benefit.

Can someone please explain why this step up is so hyped as of now? Or what did I miss?

SIP vs Step Up SIP

Software Engineer

I am new to SIP where to invest?

Welcome to Office Gossip's Private Community

How to SIMP online 101

Product Marketing Manager

In my last 5 years of investing in MF, only hdfc top 100 fund has outperformed index. The return of other mutual fund miss the index by 0.5-1%. Though this is not big, paying expense ratio and still underperforming makes less sense to me. 

For the next 5 years, I am planning to stop SIP in the funds and directly SIP in etf. 

Would love to have your view/advice on the same. Thanks in advance!

Mutual find VS ETF

Investor

I’ll go first. 

1. What kind of investor are you? 
I am an opportunity investor, and I do buy good stocks whenever they are in reasonable valuations. Below are my monthly numbers. 

2. Where’s the majority of your investment portfolio ?
I have three RE investments and one of them has loan. And I’m planning to buy a property in Goa or HP. 

3. What’s your monthly investment breakdown?

1.7L/ Month (approx) 

60k - SIP (mutual funds)
60k - stocks (smallcase, us stocks using vested) 
30k - as opportunity fund, this is transferred to a different bank account 
10-20k - for experimental investments in crypto, nfts, and some trading. This is a new segment and I don’t have much experience in this and that’s why starting small here. 

4. Anything else you want to share? 

I am learning to invest on a daily basis. Reading, videos and podcasts are my sources. Some of my tops picks are Whiteboard finance (Marko), My first Million and Smart Passive Income, finance with Saran, and Akshat Shrivastava.

Where and how much are you saving/ investing per month?

Consulting Director

Hello everyone is it good to invest in SIPs or property?
Please give your suggestions with reasons.

Investment in SIPs

Lead Consultant

A monthly SIP of ₹2,500 invested regularly for the next 30 years @ 10% CAGR will accumulate ₹51.98 Lakhs.

Total Investment is just ₹9 Lakhs.

Start SIP ✅

Start SIP

Did you know that if you start with investing 90K INR Each Month and step up your sip with 10% every 2 years, assuming 12% returns You’d have over 30CR in 2040? 

Now obviously you can consider inflation but still if you take out 4% of 30CR each year you would have 1.2CR Each Year i.e. ~10 Lakhs INR every month! 
 
Like what even lol.. Is there a catch for this ?

Investing in Mutual Funds is CRAZY

I want to invest 10k per month in sip and let's say I don't care much about risk (although not 100℅) 
And I plan to use that money after 3 year or 2 year, which SIP or investment should I choose to maximize my profit?

SIMP ❌ SIP ✅

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