asalu ee H1B lo untea, future planing yala??

[Sarvapindi]

13 minutes ago, phatposts said:

After few years this is what I came to terms with myself and my situation:

PD 2013, been hear for 10+ years. Bought a small home in India few years ago, 2 chillar investments in India - one went very bad. One is good. 

What I realized over time for myself is  - Unless you do not believe in the US investment methods you should never say investing in US is bad. If you do not like it thats OK. I am not trying to change your mind. 

If real estate is your thing - investing in Indian RE especially apartments and renting them is a horrible instrument. If you are buying in the early stages of a construction development and plan on selling in 5 years then it might make sense. The risk is high there too but you should invest with an informed mindset rather than simply say I should not have done that 5 years ago. 

Rather than investing in Class A properties - if you can look in to investments in Class B/C the overall cash flow in the US is really really good. If you do not like to be a landlord give it to management companies who does the work and you pay a fee. As long as numbers you should look in to it. Every aspect of investment has risk/reward. You need to answer that to yourself. 

Stock market also same - individual stocks lo invest cheyyadam teliyaka poina, ishtam leka poyina you should still have a % of your savings in the market. Look in to Large Cap Index funds like SP500, SPY, VTSAX, FXAIX etc. 

Real estate + stock market combo kavalante - Look in to REITs. Next 12 months Commercial REITs risk chala ekkuva. 

For gold investors - never ever buy bullion. Invest in ETFs that are completely gold driven. Makes your life easier in every aspect - storage, commission, loss %, intlo vaallu ornaments cheyinchakunda etc. 

I strongly believe in the retirement options here in the US that are tax advantaged like 401k, Roth IRA, HSA etc. Last 5-6 years lo matrame nenu aa vishayam realize ayyanu and most of my wealth is because of those accounts. 

If you are starting it makes a lot of sense to understand the different vehicles and instruments. It is confusing to start but do not let that confusion kill your deal. Once you break that point it gets interesting and most importantly allows you to understand what you like or may not like. 

Emanna Qs unte adugu I will be happy to give my perspective. Evaranna vachi blanket statements iste never consider those people in life. No one can say what will happen in the future and no one else is in your shoes. 

 

daani meeda Throw some light uncle

[phatposts]

33 minutes ago, Sarvapindi said:

daani meeda Throw some light uncle

Be more specific. Then I will throw a torch on it. 

 

[perugu_vada]

@raajaa thaatha can only shed his experience 

[Sarvapindi]

18 minutes ago, phatposts said:

Be more specific. Then I will throw a torch on it. 

 

401k , ira, hsa

[phatposts]

Just now, Sarvapindi said:

401k , ira, hsa

Dude ilantive chiraku vastundi. Blanket questions adigite - generic answers vastayi. 

Nuvvu kaasta avento ardham chesukovataniki try chesi specific gaa neeku emi ardham kaaledo chepte - help chese vaadiki cheyyali anipistundi. 

Puranam vinattu story cheppali ante - same Qs lo youtube lo kottu. Some person will explain

[Sarvapindi]

Just now, phatposts said:

Dude ilantive chiraku vastundi. Blanket questions adigite - generic answers vastayi. 

Nuvvu kaasta avento ardham chesukovataniki try chesi specific gaa neeku emi ardham kaaledo chepte - help chese vaadiki cheyyali anipistundi. 

Puranam vinattu story cheppali ante - same Qs lo youtube lo kottu. Some person will explain

Naak asal vaati gurunchi zero knowledge ba..tell  me where n how to start

[phatposts]

7 minutes ago, Sarvapindi said:

Naak asal vaati gurunchi zero knowledge ba..tell  me where n how to start

Start reading these (in order)

https://www.thesimpledollar.com/investing/a-complete-beginners-guide-to-401k-plans/
https://www.fool.com/retirement/our-guide-to-401ks-for-beginners.aspx
https://www.investopedia.com/terms/r/rothira.asp
https://www.investopedia.com/ask/answers/100314/whats-difference-between-401k-and-roth-ira.asp

401k, IRA --> Both are tax advantaged accounts. Tax kattakkarledu anukoku. You do not pay tax now and let the money grow without paying tax till you retire (aka Age 59.5)

401k --> You contribute pre tax and let it grow tax deferred. 

IRA : Traditional : Similar to 401K in terms of tax situation
IRA : ROTH : Contributions are after-tax. Gains are tax free. Withdrawal cannot be until 59.5
IRA : Rollover : Similar to 401K in terms of tax situation but 401K can be converted to IRA when you leave your work place.

Common misconceptions I have seen among Indian friends :

401k is risky - No it is not. It all depends on which investment options you chose. Similar to stocks. Please calculate risk in decades not just years. 
What if you move to India - It is a non-issue. In fact it works in your favor in certain cases. I posted a detailed explanation long time ago. Will check and send link. 
Can employer put hands on your 401K --> NO. Huge NO.

Read those, soak in some info, youtube lo chala explanatory videos unnayi. Chaduvu. 

I am not forcing you to invest in those, but I feel you should make an informed decision.

 

 

 

 

[Sarvapindi]

3 minutes ago, phatposts said:

Start reading these (in order)

https://www.thesimpledollar.com/investing/a-complete-beginners-guide-to-401k-plans/
https://www.fool.com/retirement/our-guide-to-401ks-for-beginners.aspx
https://www.investopedia.com/terms/r/rothira.asp
https://www.investopedia.com/ask/answers/100314/whats-difference-between-401k-and-roth-ira.asp

401k, IRA --> Both are tax advantaged accounts. Tax kattakkarledu anukoku. You do not pay tax now and let the money grow without paying tax till you retire (aka Age 59.5)

401k --> You contribute pre tax and let it grow tax deferred. 

IRA : Traditional : Similar to 401K in terms of tax situation
IRA : ROTH : Contributions are after-tax. Gains are tax free. Withdrawal cannot be until 59.5
IRA : Rollover : Similar to 401K in terms of tax situation but 401K can be converted to IRA when you leave your work place.

Common misconceptions I have seen among Indian friends :

401k is risky - No it is not. It all depends on which investment options you chose. Similar to stocks. Please calculate risk in decades not just years. 
What if you move to India - It is a non-issue. In fact it works in your favor in certain cases. I posted a detailed explanation long time ago. Will check and send link. 
Can employer put hands on your 401K --> NO. Huge NO.

Read those, soak in some info, youtube lo chala explanatory videos unnayi. Chaduvu. 

I am not forcing you to invest in those, but I feel you should make an informed decision.

 

 

 

 

Ok thx

[soodhilodaaram]

14 hours ago, kasi said:

i have been baffled and confused for about an year now, asalu ee H1B untea(GC lite lea inka).....future yala plan cheyali???

india lo invest cheyala(real estate n rents), leka ikkada US pettala???(malli GC appudu business taxes vala emyna issues iythayemo)

 

asalu meeru yala chesthuranu......i mean retirement life ni yala planing meeru??or atleast for the next 10yrs financial plans unataya meeku???

i am not talking about bachelors, im talking about people married for at least 5yrs 

If EVC: work in US, save in India, keep family in India until stable job in US

If FT: work and save in India, invest and let this run as long as you can tolerate, move back with good position and package

GC is gone, i  do not think US needs any more from outside, their laws will only get more restrictive from now

 

[phatposts]

1 minute ago, soodhilodaaram said:

If EVC: work in US, save in India, keep family in India until stable job in US

If FT: work and save in India, invest and let this run as long as you can tolerate, move back with good position and package

GC is gone, i  do not think US needs any more from outside, their laws will only get more restrictive from now

 

noob spotted

[soodhilodaaram]

3 minutes ago, phatposts said:

noob spotted

brand me anything, told what is practical after after waiting for long long time, US is no longer a dreamland,  the more you wait the more you regret for not leaving

BTW, i hate witch crap, they may be doing exactly same i told above for different reasons though

[Abhagyudu]

With indian economy doing really bad now, do you guys think it is ok to invest in India?...real estate prices at least land rates are not going down afaik..

[RULER]

Read Books ... No one thought us How to invest money in schools ... Money Makes Money ... Compounding will make that huge ... Doesn't matter either you invest in India or USA ... You need to have right investment strategy ...

Just saving money in saving accounts will not help you for your future .. Spend your time on Researching on investments .... 

eg:- APPL stock is up 500% since 5 years ... 

 

 

 

 

 

 

[kasi]

19 hours ago, reddyeee said:

Depends on many things like your PD, your preference etc. Nee PD 2010 anuko then gc chances high. PD after 2015 anuko then hopes levu. 

Investing in home country is always better. worest case scenario lo nuvvu back ikkadake vastavu and more over, investment ekkuva appreciate iyye chances kuda ekkuve compared to US. 

manam aa 2nd pd batch.....india property konna but maintaince baga kastam ga undhi 

lavadha lo tenets basic common sense undhu asalu...headache saamy 

[kasi]

19 hours ago, Anais_nin said:

good to usa.

new life in europe kosam waiting...ekkada poina tippal tappavu 

 

europe kastam lea raja,.....US kabbati mana kosam ila eppukoni kurchunaru....inka ea country ini opportunities  kastam asalu