Advice for Investment
I have around $1.5M in India. I send that money few years back and now the money is just sitting mostly in did deposits and some in equity mutual funds. If I bring here by in US (bay area), what are some safe investment options. I know reverse exchange rates are killing right now.
thuglife wants safe investment advice. You ain’t no thug.
Nobody is thug when it comes to "safe" investment 😋 Yes I can buy stocks or I can buy home, etc... But little hesitant since market is all time high
Market is always at ATH right before breaking into new high, that's not a factor. Check now what difference it would have made if you bought a house in your city at 1995 vs 1997 or 2012 vs 2014.Or 2004 vs 2006. Long term, was the difference meaningful?
Buy 2 Flats and put those on rent
You should plan your king life retirement in india, with 10crores you are set for life
Yes. I thought the same thing and went to India for good. Came back to bay area after 2 yrs.... Depends on the city, but now a days, even 10 cr is no sufficient in India.
Why is 10 crores not enough?genuine question.Shouldnt it be possible to live comfortably on 1000$ a month in India ?
Invest in us index funds and leave it there.
Depends on future plans and time horizon. If you plan to buy a house in the bay area, just buy it now. If you plan to move back to India in a few years, leave it there. If you plan to save it for decades (e.g retirement) just buy VOO. If you might need it in a year or two, buy US 1yr bonds. All depends.
👍
ot, I’m so jealous you can easily bring money from India😂
It's my money which I send from US to India. As per tax consultant, bringing it won't be an issue.
where I come from, money flows unidirectionally