Stocks & InvestmentsMar 7, 2023
Newpjsa
Moving part of my money to India
Hi, I moved to India few years back and planning to move back to US in future. I have 750k in USD banks and investments. I own a house in tier-3 city in India . I am planning to keep 50 lakhs in India Fixed deposit in one of the big bank for my India expenses. Currently not working so not posting TC. Have taken break for few months. Let’s say even if I am working I don’t want to spend my salary instead spend the interest I earn on FD . 1.What are the pros and cons of moving money to India if I move back to US in future.? 2. Just don’t want to keep all the money in US and also don’t want invest everything in stock market. Any thoughts and suggestions are welcome.
Inflation is something to consider. If I were you I would park money in treasury securities for now then move as I need. Now they are yielding 6% or something but you can check something along these lines. I would never move more than what I need to INR. It’s a weak currency and highly affected if inflation goes up.