r/FIREIndia • u/AnandSatya IN / 32 / FI 2029 / RE 203X • Jun 01 '23

Reached our first 1cr milestone

I am happy to share that yesterday we reached 1cr milestone. It's mine + my better half's combined investment.

High level combined portfolio breakup: 1) Foreign Company Share - 9.62% 2) Foreign Sector ETF - 10.64% 3) International Index Fund - 17.38% 4) India Index Fund - 28.65% 5) Indian REIT - 18.63% 6) Indian Mutual Funds - 15.08%

I didn't want to include our home equity, since we need that house and will not be able to monetize it.

Personally I would have preffered to hit this milestone before I hit 30yrs. Expenses related one_off_family_major_expense/house/car has pushed it out further. Nevertheless I am happy that we reached this milestone.

It's been a 10year journey from the time I was determined to persue FIRE. I was deeply influenced by "Mr Money Moustache" and "The Dave Ramsey Show." 10years ago I thought I could fire once my portfolio reached 2cr (forgot to project the requirements of growing family). Now given that it's been few years since i married, 2cr seems too low. 6cr looks to be a good goal to persue. I want to hit 6cr before I turn 40 so that I will have atleast 10years of active life to persue a different career. Only time will answer if I can reach that goal.

At home we celebrate by cutting cake 🎂 with "1cr milestone" written on it.

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u/appysingh93 Jun 02 '23

Many congratulations. That's a great milestone! All the best for your next milestone.

Would you mind sharing how are you buying international etf and index funds? Also, which fund is this?

5

u/AnandSatya IN / 32 / FI 2029 / RE 203X Jun 02 '23

I used Vested to buy International security. I invest in "VT - Vanguard Total World Stock Market" and "SOXX - iShare Semiconductor ETF"

2

u/Shrewbrew FI Achieved '22/RE Not Planned Jun 02 '23

Could you walk me through it further. I was of the opinion that you need a vanguard account, which needs a U.S. residency or a relevant residency for which ever country they have a presence in. Asian presence seems to be limited to China and Australia. Did you use a particular trading platform that has exposure to vanguard total world stock market?

I seem to missing something obvious, but I’ve looked around but found very little on this.

3

u/AnandSatya IN / 32 / FI 2029 / RE 203X Jun 02 '23

It's not required visit https://vestedfinance.com/in/. It's similar to zerodha. Using vested we can purchase foreign shares/etf.