Hey folks, Swe E5 @ meta here. My wife & I (indian origin) are trying to figure out best way to invest 100k. We live in bay area. Already bought home. No kids yet. Options we are considering: 1) get some property in India. Likely non resident so some office related space. 2) high yield savings account (robinhood , sofi) 3) stocks ( vti, voo, spy etc) Any good options anyone can suggest please? Blind tax: 350k tc
Don't go with the first option is all I can say.
Any reason particular? Also other options/ thoughts you have around alternatives?
Don’t listen to Oracle, you need to buy before they do
HH tc?
New to blind. What is hh tc?
Household tc
Is the 100k after exhausting 529 and MBR?
No. Do you have more resources on both? We were thinking tostart contributing to 529 after getting pregnant
YouTube has shorts running from inv advisors targeting Meta employees for Mega backdoor Roth. 529 - just go to Fidelity site that pops up on search. Utah and NY have least cost options. However, check with your advisor - based on your circumstances.
ETFs, if you already have 401K, IRA, high-yield savings funded.
401k ✔️ High yield ✔️ Would love to learn more about ira. Will need to move cash out from high yield if ended ggetting property.
Pay off the mortgage
Got around 4% rate. So will pay off additional 1 month mortgage every year but more than that didn’t make sense if other investments can get higher returns
With 4% rate, what's your rational for additional 1 month mortgage every year?
How do you save 100k? Is it after selling stocks?
No. Few years savings after getting house
Don’t have too much vested rsu value due to less stocks during offer. Sgh
Don’t do stocks. Lost $800K in those. 😩
😣😣😣 So yeah if we were to then only etfs and around 10k in risky bets
800k over how many years???
Real estate state in India have been dud investments for us. I would choose ETFs
I am from Gujarat. Modi’s influence after PM has been insane when i see prices in Ahmedabad
But yes noted 📝
Expand your knowledge and viewpoint to include additional asset classes.
May be you can share more thoughts. Absolutely would love to expand my knowledge
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