I have around 30k in checking account that I would like to invest somewhere. I can earn 6% interest on fixed deposit in India, so I can just transfer to India and do that. hence looking for some suggestions to get better returns. I feel the stock market is already so high and expecting a recession, so maybe it’s not wise to close that. correct ME if i am wrong. Fixed deposit is easy 6% in India, but forex is a bit unpredictable. Real estate is something i have no experience with. In India, its pretty risky because of scammers and many other factors unrelated to the real estate’s market. In US, I have no experience and still new to US, so not sure what can i do here. also, with the money i have, i won’t get anything significant anyway. Bitcoin i don’t believe in. What options do I have ? #investment Tc 180 yoe 3
Donate everything.
Read up on the usd inr historic rates and also on inflation. After that, does the 6% really make sense? I think you are better off investing here.
Can you explain further?
Everybody is expecting a recession. So it’s gonna make new highs all the time. Dump it all to stock market.
How come interest rate in India 6%?
Inflation
Don’t try to time the market. Buy low cost mutual funds and hold
INR has an inflation of 4%, so your 6% is basically 2%
VTSAX
20 to 30 percent Invest in yourself like doing new courses learning new skills etc rest put it in VTSAX
One option could be reputed real estate in india. Though you don't get anything in that amount. Maybe a down payment for a 1cr apartment in india with a reputed builder. Do it only if your goal is to move back someday. If not, look for something else in usa.
Open high yield savings account and get 2% interest