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What is the best piece of financial advice you've ever received?

Software Engineer

What is the best piece of financial advice you've ever received?- Grapevine

I'm a fresh grad who started his job. Can someone suggest how can I start with my investments. Like where to study and how to proceed. I'm too confused about everyone talking about financials and I don't understand at all (I'm from a non financial background).

Any advice will be very helpful.

Thanks in advance

Advice on personal finance

Data Scientist

So, I have a good stable income now. But life's getting serious by the day as I grow older by the day. Need to start taking more financial responsibilities overtime when parents take their retirements in a year or two. So, thinking for starting somewhere now, small, slow and steady, before the big step up comes in.

Have a lot of questions, related how to save, invest, spend, FIRE, MF, trading and so on. So, don't know where to begin with.

Any heads up would be helpful for me to keep the conversation going with you.

So, starting this like a conversational thread, as a reference for me and many more like me.

Need financial advice for someone who's finally starting to think about growing the earned money

Welcome to Ask Grapeviners's Private Community

Hey Viners,

I need advise from all the finance experts, I have done my B.Tech in 2015 in Computer science and have been working in Tech industry for past 8years now.

I am thinking for higher studies on other side of the industry which is Money/Finance. Given that I have Zero knowledge and have no idea even where to start in the finance side. Looking for advice or guidance to at least help me with some online courses or articles so that I can know and understand if I am made for the financial side or not.

Career advise from all the financial experts

Consultant

Welcome to IT Company Discussion's Private Community

Best career advice you've received?

Analyst

Help your brothers

I'm in late 20's now. 
  
 To my bro's in their early 20's: 
  
 "Please priorities your fitness. Aim to establish a routine and get into a shape you yourself are comfortable with and proud of."

Growth And Strategy

Security Analyst

Golden advice on finance 101

Generalist

If anyone needs to save tax take the lic policy at a discounted rate. Aur needs any financial advice for investment in Mutual funds, Stocks, and other instruments, feel free to connect with me.

Save tax or financial advice

Tech Lead

I know it's not a big amount, but felt like announcing this. Here's my nw breakdown-

FD/Emergency fund: 5L
MF/stocks: 1L
Sitting around: 4L (can't get myself to invest it, the market seems very overvalued. Will try to invest this in small chunks over a duration)

Next target is 50L, it'll take much longer than this 😭

Reached 10L networth

Hi Grapevine, 

I'm Arnav, Director of Engg at Jio Cinema. I previously exited my startup to Scaler. Some of you may know me from ScalerPod. I've also led engineering teams at Zomato & Target. 

Here to chat with you about my journey in startups, leading engineering teams, and products at scale, among other things.

Ask me your question. I'll be back at 8 pm and begin answering!

I'm Arnav Gupta, Director of Engineering at Jio Cinema. Ask me anything!

Why is jiocinema so effin horrible to use on Samsung tvs ? Just fix this shit already.

Intern

Software Developer

What is the best advice you were given that you did not follow and now regret not obeying?

Hi folks, I have recently started investing after repeatedly being told to not hoard my money in savings, wanted to know how/how much other people invest. 
Current portfolio:
Equity: 2.5 L ( banking, fmcg, ETFs)
Mutual Funds: 1.1 L ( Navi Index fund - 10 k per month sip, SBI Liquid Fund - 10k per month)

I feel that I should invest more since i dont have any financial dependents on me right now, but dont know how much and dont want to  put my hard earned money somewhere I won’t see it ever.

Tc: 30 LPA
Exp: 2 years

Need Investment Advice

Most of us have had financially restrictive childhoods and now earning well above our parents at the same age. 
(You got the point, Don't come at me with inflation and all)

It has been ingrained in you to save resources and spend less. Deprive now, so your future can be better.

But future is uncertain 

How have you built the mindset or financial habits that let you enjoy the present and also not worrying about the future?

[Thread] How did you evolve financial mindset

I’ve noticed different people have different ways to approach their financial planning. 
Hoping to learn from each other and perhaps help others who read as well.

What is one personal finance habit that has changed your life?

If you 'want' to buy something, wait day or two (I wait a week) to know if my heart is still stuck at it. Generally (mostly) it is fleeting craving and I end up not buying.  
  
 This has kept my expenses very minimum

Founder’s Office

I am pretty new to the investing and have invested in some mutual funds and nifty till now since I was having other responsibilities to fulfill.
Now I want to start saving for my retirement but don't know how to start?
How do you guys figure where to invest and how much. Can anyone please guide me
I feel like I can't just google good mutual funds and invest in them, right?
Also is it worth taking the subscription of smallcase ?

Need advice on investing

Welcome to Software Engineers's Private Community

What’s the most important career advice you’ve ever received? It could be anything, an advice from your colleague, a lesson you learnt the hard way, or a piece of wisdom that changed your perspective! 🌟🌟

Share Your Most Valuable Career Advice🚀

1. Work hard in your job. Don't complain and waste time. We know everyone is replaceable, but work so damn hard that if at all you decide to resign and switch sometime, it should come as a shell shocker to them.  
 Build a program/product/team from scratch, own it end to end so much that they'll never find anyone close to you who can work with the same efficiency. 
 You'll obviously take your learnings and apply them later on in your next job, but 
 You'll also earn the respect of all your colleagues which might be needed in your future corporate journey. 
 2. Don't chase money early on in your career unless you actually**need** it. Focus on building relationships, knowledge, learning to code (it helps) and earning respect of your colleagues wherever you go. 
 3. Don't get into smoking due to peer pressure. AVOID IT.

Strategy & Operations

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

I wanted to know which Bank will be the best to open a savings account as a college student because in that account I'll be depositing my stipends only so maybe the ones with good interest rates will be better. 
Or
Any investment advice will also work.

Thanks😀

Bank Account Suggestion

Hi guys I am 25 year old , currently working as a QA AUTOMATION ENGINEER. I want to know how to save and invest money for better future.
My pm salary is around 90k .

Could you please suggest me where and how much to invest

Investment advice

Test Engineer

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!

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