What do you do with signing bonus
I will receive 8 L as joining bonus by joining MS Hyderabad. How can I use this money wisely? Invest, pay debts or something else? Or just spend? Non technical role Yoe 11 TC 74 L Joining bonus 8L
What is this L currency?
Lacs
That's equal to 100k INR
Pay debts or invest in MF. A split of TC and level will help community. Congrats for the new job.
Thanks! Level 62 Base 40L Bonus 15% Stocks 25 L
I guess joining stocks of 25L will be vested across 4 years? You could have asked for more stocks. Base is the max for L 62. Never heard any 62 get that base
I spent most of it on women, alcohol and cocaine. I wasted the rest.
A rich man is nothing but a poor man with money.
Is this a normal Level 62 TC in MS Hyderabad ? Or is it the higher end ? If this is normal , what is a normal level 65/66 TC ?
I built my own religion with that.
If you absolutely have no idea then just invest it in some index fund.
hookers and blow
Wtf is L?
This is what i would do: 1) Gift to someone you love. 2) Clear off your home loans, car loans 3) Invest in stocks ( split into high risk, medium, low risk). Investor gurus say do it in reverse order :) Your choice.
If you have high interest debt, then pay that down. Otherwise, invest in a diversified portfolio, spend some small amount.