Software Engineer

Senior Software Engineer

Digital Marketing Manager

Ravi handa ne daala tha tweet. Uska handle check kar lo

Thanks, found that tweet. That’s what I was asking for (obviously it has fake note warning attached now). 
  
 https://x.com/ravihanda/status/1797544889795965220?s=46

Saw it on Twitter but seems like the post vanished

Consultant

Yesterday someone had posted a screenshot of a NRI guy having taken the portfolio from 8 crore to 40+ crore, it was probably on LinkedIn. Has anyone got that screenshot of link?

Welcome to Personal Finance's Private Community

That screenshot of 8 crores to 40+ crores in a day?

That screenshot of 8 crores to 40+ crores in a day?- Grapevine

Just saw this screenshot showing how many salaried and business people contribute to ITR

All points aside ,who are these 15-16 people who have 100 cr+ salaries 
Mind blown!!!!😳

Who are these people with 100cr + Salaries?!!

Milestone crossed 1M USD combined networth (~9.15Crore Household Net-Worth)
46 M (Software Engineer/Founder) + 37F Wife (Lawyer) + 1 Kid (3 Year Old) based out of Delhi.

So last week me and my wife finally reached this milestone, >1M USD networth. Here is our portfolio. I hope people here can recommend what I should do next.

This chart was made by our Wealth Manager.

Rough Net Worth Breakdown:

1. Provident Fund and National Pension Scheme (EPF + NPS): 1.1 Cr

EPF: 75L
NPS: 35L

2. Savings Account and Fixed Deposits: 20 L

Savings Account: 12L
Fixed Deposits: 8L

3. Mutual Funds (MFs): 3.8 Cr (Breakup Below)

Index Funds: 25%
Mid Cap: 15%
Contra: 10%
Small Cap: 20%
Flexi Cap: 30%

4. Fixed Income: 1.3Cr

FDs: 50L (Spread in segments of 5L across 10 banks)
NCD/Bonds: 80L 

5. SGB (Gold): 80L

6. Crypto: 46L

Bitcoin: 35L
Solana: 6L
XRP: 3L
other cryptos: <1L

International Investments: 1.49Cr
QQQ: 30L
NVDA: 32L
AAPL: 28L
AMZN: 33L
GOOGL: 26L 


We may get a good inheritance in the future, ~8Cr from my parents + ~15Cr from my wife's parents, but we are not planning on that. 

Our primary goals are education for our kid(+planning another 1), their marriage, 2x vacations a year(1 domestic+1 abroad), a decent lifestyle, and a good car(we have a SKODA Slavia right now, planning an SUV as we are extending our family).

Please share your financial journey and any advice, we look forward to reading your comments.

Reached 1M USD networth in India 🇮🇳

Wow. Congratulations man. 
Tell us more about what seniority, what kind of company you're at.

Also, 23 Cr inheritance? You must already have been very well off.

Corporate Strategist

Founder

Hmm, he's back

Growth Manager

Hi everyone,

The year end is here. It was a great year for my FIRE journey and I thought I'll share an update with you all.

With few days left in 2023, I've crossed 2.65 CR in net worth after touching 2 CR in May this year.

Here's the breakup:

Direct shares: 1.7 CR (this was the major driver of growth),
ELSS: 0.06 CR,
Company shares: 0.06 CR,
Real Estate: 0.4 CR (while it is between 42-45 now, keeping this unchanged from May),
EPF: 0.34 CR (interest for last year kicked in),
NPS: 0.06 CR (investing because I'm in 30% bracket, getting 14.8% xirr here),
SGB: 0.03 CR

The driver for growth has been a high saving rate.

In 2023, i've added 29.5 lakhs in equity, about 2.5 lakhs every month. 6 lakhs in company shares (US listed). The EPF and NPS savings are on top of this. My target was to save 36 lakhs in equity overall, and it's done! Targeting the same for next year. I'm aiming to cross 2 CR in equity before July 24.

Another change I did this year is that I've moved away from active advisory. I get the stock ideas from Twitter discussions, analyse them fundamentally and take bets based on the charts. I'm quite confident of my charting skills with max drawdown of 25-30% but upside of multiple x. I could capture 2-3 2x this year with sizable investment in them. I got this confidence after i could take my wife's account from 11 lakhs to 20 lakhs in about 2 years.

While the next year can be a huge bull run if BJP wins, I'm still trying to diversify. I'm planning to add a real estate of about 75 lakhs by paying 10%. This will help me leverage as well. The rental yield is the property is approx 5% and calculations show that I'll have to only pay 40-45% of the EMI and rest will be covered through rent. This should bring my equity exposure down from the current 65% to less than 50%. In this I'm trying to diversify and leverage while not denting my current equity corpus.

Suggestions welcome to make this FIRE journey better!

Thanks!

Crossed 2 CR and 2.5 CR in the same year

Project Manager

Welcome to News Discussion's Private Community

Recently I won mega prize on howzat and got 1.4cr after 30 % tax deduction...Now am thinking to retire with 2cr (60l old savings).

Can someone guide on how to retire?

I am thinking to put money on 9 to 12 % interest and eat dividend which is around 2 l/m...

Suggestions and guidance... Am 29y Gem and unmarried!

Fantasy App winning

Senior Consultant

Welcome to Indian Startups's Private Community

This mentions that all 400 employees were turned into millionaires after the acquisition 😇

Meet the Man from Rajasthan who made 400 employees Millionaires with One Single Deal!

Jyoti Bansal, the founder and former CEO of AppDynamics, turned a simple… | 24 comments on LinkedIn

Nikhil Mudgal, CFA on LinkedIn: #entrepreneur #innovation #founder #idea #education | 24 comments

Is this LinkedIn post true?

Welcome to Software Engineers's Private Community

Currently at over 45L INR ($55K)/year. 
Jumped from 9L INR ($11K)/year 1.5 years back.

Is it possible to go 5-6X from here?

I'm in tech, backend.

What path should I follow?
Build a SAAS, become an influencer, join a FAANG?

How to go 5X from here?

Welcome to Business Roles's Private Community

Stupid Ways to make money 💰 that shocked you

🤑

Scam innocent beginners after becoming their beloved bhaiya/didi

Software Developer

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

Posting here not for bragging but to just let people like me know who look at extraordinary salaries and feel sad - it is possible just believe in yourself. I never thought I’d reach even this.

4.5 years of workex in a non-tech role, started with 35,000 monthly salary.

I know this number might not mean anything to the FAANG tech bros out there but for the rest here is a bit of context -

- I come from a middle class background 
- Not from Tier 1 college
- Not a software developer 
- No MBA as of now
- This doesn’t contain any inheritance 
- Send some money home every month for parents

Dont get overwhelmed, just keep your head down and don’t compare to anyone. I try to keep a strict budget, track every transactions, limit my needs but once a while splurge slightly when I feel like. 

See you all at the next milestone! 🍻

First Milestone - Hope many more to go

Business Analyst

I’m a final year student based out of India, and am currently doing the last month of my internship at a SF based startup. As the only DevOps engineer, and being quite skilled at at (at least according to myto YoE), I was getting paid around 2 LPA per month as a part time intern for the past 6 months. 

I recently got another 3 month internship offer from a foreign company, and I’m taking it since I don’t want to get stuck at remote job in India, and explore some abroad companies as well before I settle. Pay there is also quite good, but I don’t wish to take FTE there as I have to live in India only (family reasons, rural background, younger siblings and their study, etc.)

Now when I finally start my job hunt in the final days of my winter internship, what should be the pay I expect from Indian / Remote companies? Considering I was getting paid a fair amount as mentioned above even in a part time role. Or was I overpaid and I should keep my expectations low or equal to it in a Full Time Role?

Need a reality check: Am I getting overpaid?

Bro what?

Cybersecurity

We See posts and stories on Instagram/Twitter with people making 50-60k daily trading. 
Some even make lacs. 
I am wondering if it is legitimate and can we also do it? 
Because the last time I tried and I lost 15k.
What are your comments?

Do you make money by options/future trading?

I am curious to know how people in this group  invest. Let’s share the portfolio breakup screenshots here.

Portfolio mega thread

Welcome to IT Company Discussion's Private Community

I am just speechless. Can't believe that this can happen.

Got fired for using betting apps and trading on company laptop...

Everyone knows you are not supposed to use company laptop for anything personal. This startup I used to work part-time for during college had some monitoring software on their laptops.

Somehow intimate moments were leaked of someone on the team, she slammed such a case on these fuckers that the entire startup almost got wiped out in legal fees.

Analyst

Lawyer

Any news on who is getting it, what's like an average payout for eligible employees? As per the news article, approx 19000 employees are getting it. Anyone has insider info?

Flipkart ESOP payout worth $700M

Product Manager

What are your net worth targets and goals by age?
Here's mine:

25: 10L ✅
30: 50L ✅
35: 1.5 Cr 🟡
40: 3 Cr 🟡

That screenshot of 8 crores to 40+ crores in a day?

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