Is there a ELI5 which I can refer to understand my options of investing in US. I've read about vanguard MFs. They seem like a decent option. I don't want to get into real estate(as I like liquidity). Also, I want to understand if I should invest in 401k(I dont plan to retire in US). Btw, 401k is the us counterpart of indian EPF,right? I feel over long term, the better return from MFs will overshadow the tax-benefits and employer contributions of 401k. Am I wrong in assuming this? I am fully invested in indian mfs right now. And would like to continue investing in indian market as well as it has much better growth potential. What do you guys do? How do you invest?
Here people don’t talk about investing - it’s all about spending and earning more and showing whose d??k is longer
I think we do have some decent folks here. Let's hope they share something usefull.
I invest in 401k here as I get match from my employer
Just curious. Who's your employer? I see "New" in blind...
It's a big insurance company but I guess not a lot of people in my company use Blind
Wealthfront is a great option for hands free investing. I put a recurring amount every month in it. There are similar robo advisers like betterment. I pay .25% of my portfolio per year.
+1 for Wealthfront or Betterment. Both are awesome options!
I think you are a bit confused on what a 401k is. It is simply a funding mechanism through which you can invest in many different things, including Vanguard mutual funds (if you so desire).
Diversification is key. Also note that exchange rate fluctuations could offset higher interest rates in India.
Invest a lot in India, where returns are higher. NRE FDs, mutual funds, FCNR products. I take the risk on currency fluctuations though.
Do the math, it doesn't help effectively!
This is a naive answer. The difference in rates is made up by the depreciation in currency and risk. The markets are efficient.
Real estate, college for kids
Stock too
I’m not an Indian but wanted to share about 401K’s. Generally the advice is if you can afford it you should always max out your 401K as profits from assets are not taxed! Some companies offer an employer match up to 10% whatever you put it. Some companies also offer a “SMA” Self-Managed-Account that allows you to buy stocks, MF’s, ETF’s whatever you want just like a regular brokerage firm. The benefit again is that profits you make are tax sheltered where with a regular brokerage account anything you make is taxed based on your income bracket.
It’s tax deferred. There is a diff
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GTFO. Who made you sheriff of Blind? “Why are millennials such pussies” meets your standards but this one triggered you?
This platform is fine. They even added an investing topic. I'd answer if the OP question if I felt like I had anything to add