Will tell them this. Went through the attachment, are these CD rates offered by Banks in USA? Wow it is over 5%. Never knew this aspect. Will do more digging. Thank you.
Most of them have account with chase and it says it is 0.01%.
It’s a combination of what my grandfather and my mother did.
As soon as my salary hit the account, my grandfather made an FD. Mother used to buy some gold every 5-6 mknths. Continued this till 2019 when I consolidated all FDs into just 5 FDs.
I basically did some equities and gold mf recently because I’m doing no FD/RDs now.
Gold MF is giving me good returns. MF equity is just about okay. Nothing great. It’s just I’m doing it as sab kar rahe ha and maybe kuch exciting returns mil jayega 10-15 saal baad … I have 5.5% ka hi return … but haan I had taken out my gains in equity and put them in debt MF in 2021. Market was at 42k and ab dekho 60k chali gayi…
Most money I have made is in PPF or EPF till date mast interest add ho jata ha Har saal but yeah I can’t withdraw it
My tax outflow is surely one of the main reason I’m contemplating about my investments.
The only way I can more taxes against my salary is by taking a home loan. I just don’t want to create any leverage for a sword to hang on my head. Plus I simply hate my job. The only reason I’m continuing is because my parents want me to continue doing it saying Har jagah aisa hota ha … chup chaap yaha naukri karte raho
The only fact I like about my job is that acche bacche ki tarah month end mein salary de dete ha. And yeah kind of job security ha … bas rote rote aur 10 saal kar lenge … like a government job… this is my overall strategy
Like my financial decisions I’m very passive with my job also… all in all I have zero fucks wrt the organisation. I’m currently in middle management … aur 4-5 saal ismein nikalenge then koi top management ke role mein 4-5 saal and then just call it quits…
Your portfolio looks excellent for anybody who is retiring in 5 years. The higher weightage on debt will give you peaceful sleeps.
Since you have 10 to 15 more years left for that, the first major thing you could do is re-invest the capital that is getting released from the FD maturity into something resourceful and having lesser taxes.
Also your portfolio has a hidden gem in it. If the markets crash 30 to 40% you can quickly rebalance by adding equity.
Meanwhile suggesting you to research on the equity, mutual funds & ETF directly and not via a portfolio manager. Even though it may seem you are not making progress in 1st year, over a 3+ year span you will outdo any third-party.
Investing in self via research gives the highest return!
i never understood the “lacks” spelling and its origin.
at first i thought its a typo but it seems thats how you spell it everywhere.
any reason?