• General

  • Being financially independent

hugopal it’s disgusting, I know. When I march myself to the guillotine I make sure to post the vid on IG.

      Millsy if you are looking to hold for the long-term and have a fairly high risk tolerance you may wish to consider not limiting yourself solely to the big dollar-denominated names and mixing in some Chinese / Asian / Emerging / Smaller Cap action too.

      Your pension will no doubt have a fair old chunk of US large cap exposure already so you’d just be doubling down on that with the pure S&P ETF imo. You can get trackers for the Global/ Asian markets too obviously - I agree you are probably wise to avoid active managers for your purposes but I wouldn’t be too quick to write them all off (!)

      The golden rule here is that you can never have too much diversification. Have a tactical tilt towards whatever you like but, honestly, never underestimate the power of diversification to help deliver consistent long-term growth.

          Millsy

          Is being paid 5k p/a to make the brews (“Biz Trans”) whilst Daddy makes up the rest of ones ‘wages’ classed as being financially independent?

          Asking for a friend

            C_J fair point. Might see what ETF options there are on Vanguard for APAC.

              Old-Dutch

              Good point. Some mindbending wealth management tips incoming by early/mid morning tomorrow

                Old-Dutch the horror! Flipkart share options, controlliing stake in Abduls Tape Exchange, a down-payment on a slum estate and a vast dowry from the Mrs = mobility scooters 4 days.

                    That’s my tip of the day, you set of cunts.

                    Millsy

                    The days of the lifestyle type funds are coming to an end also mate. With drawdown type funds the more favourable choice for pensions instead of the old annuity there is no real need to gradually move out of the markets.

                    A riskier curve is fine but as I said you are limiting yourself to the stocks in one index as opposed to global markets. Just my tuppence worth and it’s your money mate so feel free to ignore it all completely.

                      Are we offering wealth management courses at the PPT end of year hoedown Si?

                      Hahaha.

                      Got a bit lucky actually, and pulled out 50% of my mutual funds (equity) a month before quitting Flipkart and put them in a fixed deposit with an 8% yearly return. Rejigged my mutual funds portfolio when COVID blew up, moved away from small and midcaps and went for bluechip and debt funds instead.

                      Same with the Flipkart shares, sold back 60% of them when the Walmart deal happened and put the payout in a Fixed Deposit. Still holding on to the rest, but it one of those situations where I’m just forgetting about them and hopefully will be pleasantly surprised in 5 years or so - keeping my fingers crossed they’ll eventually be converted to Walmart shares or they’ll have a successful international IPO. They’re quite stingy about ex-employees cashing out.

                      Between the missus and I, we have about 40% in FDs, 40% in Debt funds and 20% in mutual funds at the moment. No interest in playing the stock market, but maybe I’ll give it a go this year. Our families own quite a bit of property already, so we don’t see any point in investing in real estate. Unlike Bombay, the market is quite stagnant in Bangalore. Though renting an apartment is making us think about pulling the trigger on our property.

                      The Yeezys, Legos and Action Figures will hopefully pay for a nice car!

                        Also wealth managers are such a farce.

                        On US equities, if the Democrats win the election later this year, they could be hosed - they would be likely to roll back a good deal of the corp tax cuts that orange face implemented. Probably best to look elsewhere then if you’re investing eg the Eurozone (v cheap) or Asia (economies there have handled covid a lot better)…

                        Read ‘the intelligent investor’ by Benjamin Graham is my advice. It’s a long, dry slog. It’s also solid gold when it comes to investing advice. Ultimately it talks about the mentality needed and offers two investment strategies for either risk averse or risk taker people. Probably the closest thing you’ll get to a guaranteed money winner (it’s also the book Warren Buffet used as the foundation for his investing fortune)

                          Trump would easily get his second term if it wasn’t for COVID.

                          Tons of my American friends have done really well for themselves over the last four years - they’ll make jokes about Trump but they always end up saying, it’s fine if he gets his second term, more money for me.