Investing nightmare. How do I start.

Amazon
jabujabu

Go to company page Amazon

jabujabu
Feb 27, 2021 28 Comments

I am 34 years software guy from India currently in US for around 4 years. I come from a lower middle class family and honestly any money I got in life was more than I imagined so never had a big goal other than buying a 3bhk in big city.
Currently I have
Around
90 lakh INR in fds in India in mine and parents name
10 lakh in India PF and PPf
188k usd in checking accounts in usa
280k usd of Amazon RSU vested. However I would pay long term gains tax if i sell.
30k usd in robinhood out of which 10k is just cash
2-3 k usd in 401k
I got married and my wife has around 150k in her checking plus around 20lakh in indian fds.

We don't have any property. Mainly because India builder mafia is very corrupt and buying property is very risky. I did not have support since family is timid from small town and they dont know how to execute big transactions.
We are on h1b and really dont want to settle in USA. Would possibly/hopefully go back in 2023 if all is well.
#personalfinance #investments

How do I plan my future with whatever little I have. Clearly I can see that my career is coming to a standstill and other than couple of switch and jumps for slightly higher tc it's not going anywhere. I would have earning potential of atleast 50lpa back in india I would assume. Wife is not working after we had a kid. But eventually she can go back to work for atleast 15 to 25 lpa.

Tc: 210k
Yoe: 10

Thanks

28

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 TOP 28 Comments
  • NVIDIA
    rfgeh32

    Go to company page NVIDIA

    rfgeh32
    I will suggest you start reading Bogleheads wiki. If you have time, you can also read books like "bogleheads guide to investing", "little book on common sense investing", "random walk down wall street". Just a disclaimer that all these books urge you to invest in broad index funds.
    Feb 27, 2021 0
  • What city in India are you trying to buy a house/apartment. There’re quite a lot of reliable developers, at least in major metro cities and suburbs.
    Calling every developer a mafia would be too extreme.
    Feb 27, 2021 4
  • Goldman Sachs / Eng
    datadata2

    Go to company page Goldman Sachs Eng

     datadata2
    Break your FDs, you're losing money by putting your money in FDs.

    Put 50% into index funds, and with remaining 50% start a monthly SIP into passive index funds.

    Below are the funds you can research
    1. Motilal Oswal Nifty 50 ETF
    2. Motilal Oswal Nifty next 50 ETF

    Once you set the SIP forget about it for next 20 years. You will have more money than you can imagine.

    Should net you average returns of 14% per year for the next 20 years.

    (That's Nifty's return over the last 20 years)
    Feb 27, 2021 2
  • Juniper / Eng
    sixpack

    Go to company page Juniper Eng

     sixpack
    Too much of money in checking and fds. Keeping emergency funds aside, consolidate and convert everything else into index funds. There are restrictions on which Indian mutual funds you can invest if you are in US. Consult fee only advisor.
    Feb 27, 2021 1
  • VMware
    nope12

    Go to company page VMware

    nope12
    That's some impressive numbers considering you have been in the US for only 4 years. Even without the Amazon stock, 188k in cash is pretty cool. You must have aggressively saved.

    You need to diversify as soon as possible. VTI or VTSAX as long as you are in the US. For India, you'll have to do your research. 188k in cash is losing money due to inflation. They all need to go into mutual funds except for a 6 month emergency fund.
    Feb 27, 2021 2
    • Amazon
      jabujabu

      Go to company page Amazon

      jabujabu
      OP
      Umm not really. Amazon base is 140k so in 4 years 188 is nothing
      Feb 27, 2021
    • if base is 140k, you will have roughly 6-7k/month pay check after taxes insurance, espp, 401k(5% contribution). which means it will be 72-84k/year. How did you end up saving 50k/year with wife and kid. is your wife earning in US?
      Feb 27, 2021