35 y age. 700k in bank. Only rsu invested. Never had courage or vision to invest. Honestly never imagined I will earn so much starting in lower middleclass family in india. Now most is in fixed deposits other than Amazon rsu(250k). 300k literally sitting in checking accounts for a year now. How to invest now? Is financial adviser worth the fee? #personalfinance #investments
Vanguard VOO VTI or any such funds, plus a discover savings account for a few months expenditure and if you have any upcoming goals, like buying a house
Should I put lump sum or invest in next couple of years slowly
I would do it in the next few months , if it’s for long term, keeping aside the money you might need for short term goals.
Do you buy a house
I am from a similar background... poor & unexpectedly in Tech now.. Investment decisions are based on balancing the risk appetite & return expectations. From your post, it seems that you may have lower risk appetite or don’t know what your appetite is. If I were you, to understand my own risk appetite better, I would start investing with a a smaller amount — 10-20% of available cash.., so say 100K , invest in index funds instead of stocks.... and see how I like market swings. Then change my investments as I learn about the market and my risk appetite more over time.
I hate vague advice.. If you are looking for etfs... start with S&P 500 etf, and the sector focused etfs ... pick the sectors you believe will grow... for example tech. Etfs lower your risk by not focusing one one company, one CEO’s discretion
I like your advice
Similar background but low net worth .. invest in mutual funds.. still some risk but still better than Bank ..or invest in big shots like Microsoft apple google it will be safe and good return. If you have high risk appetite then invest in other funds
🤔
I have been selling out of money weekly index options. Gives 3-5% weekly. Rarely find any needs for adjustment. Just keep an eye on volatility index that's all.
Can you elaborate more?
Which ticker?
$SPX You can read up online about options, there are plenty of resources.
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Bring it back to India and earn 6% risk free on the same money using fixed deposits than leaving it idle in a checking account
No, don’t do this. Unless you’re planning to move back to India. Just put it in money market funds if you’re risk averse, or in total market funds if you’ve understood the market’s the way to get rich.
That's a fallacy. Usd inr rate adjusts for 6 percent easily. Also it is same thing since inflation in india is higher than 6 percent.