Bereal

Question for the finance planning folks

I am 30M with 2 cr in savings (across portfolio, no RE, all liquid) If I keep up with this rate I will hit 8cr (~1M USD) by 2027. I am living with my parents, married, no kids yet. Want to move out. Should I buy a house (purely consumption) now or should I wait 4-5 more years get more savings (hit my 8cr target) and buy then? If so, I would be renting out for the next 4 years and assume I would also have a kid by then. What are you thoughts? Also buying city would be Chandigarh Tricity ( keen on Panchukula) If any of the folks here have knowledge about the property rate there that would be great.

14mo ago

_TheScream021

Stealth14mo

At your wealth, you should look at consulting a fee-only planner to set goals and corpus amount required for each. A good one won't cost you more that 30-40K and will help you answer all these questions and more.

Bereal

Stealth14mo

Makes sense. I did speak with a few and figured that I could be doing it better myself. Turns out I could use some help.

_TheScream021

Stealth14mo

100%. I thought the same and even managed decently for a couple of years, but eventually, a financial planner is really good at framework and simplifying in an unbiased manner, which is what you need at this level of wealth.

SpryHome46

Citi Group14mo

If the returns from your 2Cr saving is less than 5% (post tax), you better be investing in a RE. If you intend to buy RE eventually, the sooner the better. If on the other hand, you earn say 15% post tax. Might as well push the RE investing into the future. The switching cost in RE is too high, takes away any gain that you would have made. So be absolutely sure about the property you are going to buy. Rent there for a year before buying, if needed.

Bereal

Stealth14mo

That’s a good point @SpryHome46

So 50% of my portfolio is in equity and that’s progressing at 14% XIRR and rest is debt that’s progressing at 8% all pre tax.

Still I believe I can make more out of this if I were to stay invested for a longer time. I might have to start saving up in a different asset class just for buying property and I think I might push that decision to 5 years from now.

MadRecall17

Stealth14mo

For 8% in debt. Where do you invest. FD, Bonds or some debt fund.

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