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!
