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Worried that our top performer is an attrition risk. How do managers handle this?
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Modi 3.0- Top 5 priorities???
My kid is almost 1 yr now. And we have come at a stage where we want to keep aside x amount every month for our kid’s future. what are my options other than 529? How about buying a ETF every month of x amount? but can anyone guide about which ETF is best for such 20+ years ?
Hire a financial advisor. Do not take financial advice from random anonymous programmers on blind.
Any referrals on those?
Avoid fees at all cost. Buy total stock market index funds and never sell.
We decided against a 529 because of how limiting it is. I'd say just invest the same money in a custodial account for them and it will automatically become theirs at 25 I think. But you can use it for their expenses until then.
Yes, I want avoid 529 for the same reason. Moreover I dont know if I will be in US for next 20+ years and don’t know where kid’s education will be.. 529 is more restrictive outside of US
Over 18 years, your money will likely double. That means a 529 saves you 20% on your gains or 10% of your total asset when you sell. Not sure what “limitations” you are talking about, but can’t imagine it is that significant.
IUL life insurance. Most underrated investment vehicle. Not for everyone so recommend talking to a financial advisor that isn’t trying to sell you insurance.
Do not listen to the advice above. ONLY get TERM life insurance for yourself and your family members. Term life is better than whole/universal because you decouple the investment from the life insurance coverage.
I said it’s not for everyone. How can you discredit getting a life ins without knowing OPs situation or goals. High net worth individuals get life insurance all the time for various reasons.
Move to a country that offers free education right into university.
Sure! Thanks!
Great! Thanks reroll, what do you suggest on 529 money if our family moves out of US and my kid goes to university which 529 doesn’t support? Should I just take out money, pay fine and move out of US?
Think of it the other way around. I am guessing your kid was born in US and now has dual citizenship. When they turn 18, they have to choose between US or Indian citizenship. What does your gut feeling say - which one would they choose? Just because you are moving out of US doesn't mean that your kid will choose India right.. If they choose US, then wouldn't it be beneficial for them to have undergraduate education in US so that they get 4 years to adjust to the US culture before finishing their studies? If so, investing in 529 to pay for that undergraduate education makes sense right..
These are the two vehicles to use. The 529 has the obvious tax advantage. That’s what I use.
It’s great that you are thinking about your kids future. There are two ways to go about it, both are not mutually exclusive. Fund kids education and/or fund kids retirement. Dropping 50K into a combo of s&p500 and nasdaq indices would yield a size able return for college in 17 years and retirement in 64 years. The way automation is progressing these days, there will be massive gains in productivity and unemployment at the same time.
Thanks!! I am mainly thinking about their education. Yeah I was thinking of putting some money in SPY and/or VUG. What do you think about these ETFs?
I would invest in the mini futures with assets purchased equivalent to cash value. You will lose a couple of percentage points when steps are taken by fund to track the index. Futures have the additional burden of having you roll over to the next quarters future on expiry. So, if you want to stay hands off, invest in index. SPY is good.