MagicalPretzel
MagicalPretzel

Advice on my portfolio

Financial Summary

Monthly salary: 8.4 - 8.6 L

Monthly Investments: 7.25L

Gold: 2.5L(For wedding)

MF: 2L PPFAS(1.2L), Kotak emerging(60k) and Nippon Small cap(20k)

Global ETF: S&P500 VOO(50k)

Indian ETF: Niftybees(75k)

FD: 1.5L at 8.75%

Expenses: 20-30k (grocery, entertainment, Gym, Food)

Debt: 20k(6 mo EMI on electric scooter)

Tax: 75k/m

Goal:

Wedding: 40L(25L gold and 15L expenses) (1 year)

Vacation: 10L (1 year)

Car: 20L (1 year)

House: 2Cr(5 year)

26d ago
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PrancingWaffle
PrancingWaffle
HCL26d

We can't buy common sense with money ๐Ÿ˜‚. Bro consultant to a financial advisor if you are really earning this much.

MagicalPretzel
MagicalPretzel
TCS26d

Appreciate the concern. Not everyone can relate to the problem of optimizing 95% savings rate on a high income portfolio. Hope you get to experience that dilemma someday.

PrancingWaffle
PrancingWaffle
HCL26d

I already have. I might be earning half of you but consulting with professional for yield optimization. Any way i am more curious about tax which you mentioned. Do you mean it is income tax? If yes how come only 75k on 8L salary

SwirlyNugget
SwirlyNugget
KPMG26d

Rich people problems ๐Ÿ’๐Ÿป๐Ÿ’๐Ÿป ๐Ÿ˜œ

MagicalPretzel
MagicalPretzel
TCS26d

Still an IT coolie lol

PeppyPretzel
PeppyPretzel

Great to know that you are earning โ‚น 8.4 lakh per month

MagicalPretzel
MagicalPretzel
TCS26d

Yes, Consultant to a US firm.

PerkyNugget
PerkyNugget

bhai L ya wo K h, ek baar confirm krโ€ฆ TCS ka full form Tata krke hi h na ?

MagicalPretzel
MagicalPretzel
TCS21d

I changed my job long ago.

DancingCoconut
DancingCoconut
TCS26d

You resigned from TCS?

MagicalPretzel
MagicalPretzel
TCS26d

Yes. Long ago.

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