I was thinking to leverage my parents home and take out chunky 1 cr @8.6% with premise to make 15%+ in direct equity and mfs.
Asset belong to my parents with some contribution from me. I feel this is a relatively low cost capital way to get initial corpus and in long run gains will payback principal.
I am earning well enough to payback 0.5-1 lpm worth of emis annually
Does this sound as a wise plan?
Never a good idea unless you have absolute skin in the game.
Start with 5-10L. If you cannot make money on this capital over time let's say 2 years. Certainly you won't be able to do it with crores.
Never 🫠
That’s a dumb idea!
Promise to make 15%, How? Looks like another person who will cry after losing in crores!!!
Like in every other area of life, you begin with an end in mind - End of the worst kind.
So ask yourself this question: If you lose your 1 CR tomorrow, would you and your parents live the same kind of life you live today ?
Good luck.
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 ...
Hi All,
I am interested in a property in my hometown that costs around 3.5 Cr. This property can easily be rented out for atleast 1.5 LPM. I have saving of around 1 Cr, should I take a loan of rest of the amount ?
I make around 70 LPA...
I am a 22 year old Male working in Mumbai. I have just over an year’s ago experience of working in a consulting firm. My base is 26-30LPA. For those whose have invested in properties (residential), and those who chose not to - is it idea...
How do you plan or diversify your investments if you have 1 crore rupees?
Please suggest 🙏
The wealth should not be inherited.
I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.
Seeing the comment section,I realise I am broke.
