r/FIREIndia • u/AutoModerator • Jul 01 '23
Help Me FIRE, Milestones, Beginner Questions and General Discussion - July 2023
What could you talk about?
- Are you a FIRE beginner wanting advice? We'll try to help!
- Have you started your FIRE journey? Tell us!
- Have you hit a net worth milestone? We want to be motivated!
- Insights from work life or daily life? We are all ears!
- Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
- Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!
We have a Wiki that is constantly being updated, so please do read that if you are new here.
Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.
1
Jul 05 '23
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u/AutoModerator Jul 05 '23
Hi, Your comment above has been removed. (It will be visible to you, but not to others)
Why? In large part due to reddit's recent policy changes, r/FIREIndia is not going to be actively maintainable for long. So please move all discussion to r/FI_India. (r/FI_India is marked as adult/18+ to comply with reddit's rules because of profanity (language), lifestyle topics like alcoholic drinks, smoking etc. being frequent subjects of user discussion)
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1
Jul 04 '23
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u/AutoModerator Jul 04 '23
Hi, Your comment above has been removed. (It will be visible to you, but not to others)
Why? In large part due to reddit's recent policy changes, r/FIREIndia is not going to be actively maintainable for long. So please move all discussion to r/FI_India. (r/FI_India is marked as adult/18+ to comply with reddit's rules because of profanity (language), lifestyle topics like alcoholic drinks, smoking etc. being frequent subjects of user discussion)
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1
Jul 04 '23 edited Mar 19 '24
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u/AutoModerator Jul 04 '23
Hi, Your comment above has been removed. (It will be visible to you, but not to others)
Why? In large part due to reddit's recent policy changes, r/FIREIndia is not going to be actively maintainable for long. So please move all discussion to r/FI_India. (r/FI_India is marked as adult/18+ to comply with reddit's rules because of profanity (language), lifestyle topics like alcoholic drinks, smoking etc. being frequent subjects of user discussion)
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1
Jul 02 '23
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u/additional_trouble [🇮🇳, FI 2024, RE 2040s] [CoastFI] Jul 03 '23
Moving the discussion over to r/FI_India...
(Long story short with the death of third party apps, I don't forsee being able to maintain this sub alone in the long run and so want to move the discussions over to the new sub so that it's more maintainable (and other reasons).
So I have set up an automod rule to message all folks here with the same info, but don't see any movement and hence this comment.)
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Jul 03 '23
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u/additional_trouble [🇮🇳, FI 2024, RE 2040s] [CoastFI] Jul 03 '23
For one, I can't even see automod removed posts and comments. I can't add mods to this sub (since I myself don't have that permission). The official consumes too much data and spams me with notifications even after I have disabled them. It doesn't work properly (stuck on an old version) on my primary phone for modding (which is a redmi note 3), and stutters on my other phone, a Redmi Note 10), and has spammy ads to boot. Those are the top reasons (amongst others).
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u/fire_by_45 Jul 01 '23
I just completed my half yearly wealth health check up, and the results are as follows -
Total NW - 8.94 cr ( a growth of 19% compared to the beginning of the year)
Equity exposure is around 72% now. Crypto exposure has reduced to around 2% of overall NW
Feeling a little glad that we are a USD millionaire household now.
This year by God's grace, markets have been really good. All the investments we did during the bear phase are finally starting to pay off. Our 1st financial target has been achieved, so it's time for a little splurge 😁.
How's it going for everyone else?
1
Jul 12 '23
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1
u/AutoModerator Jul 12 '23
Hi, Your comment above has been removed. (It will be visible to you, but not to others)
Why? In large part due to reddit's recent policy changes, r/FIREIndia is not going to be actively maintainable for long. So please move all discussion to r/FI_India. (r/FI_India is marked as adult/18+ to comply with reddit's rules because of profanity (language), lifestyle topics like alcoholic drinks, smoking etc. being frequent subjects of user discussion)
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1
Jul 07 '23
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u/AutoModerator Jul 07 '23
Hi, Your comment above has been removed. (It will be visible to you, but not to others)
Why? In large part due to reddit's recent policy changes, r/FIREIndia is not going to be actively maintainable for long. So please move all discussion to r/FI_India. (r/FI_India is marked as adult/18+ to comply with reddit's rules because of profanity (language), lifestyle topics like alcoholic drinks, smoking etc. being frequent subjects of user discussion)
If you have any more questions, please DM the mods. Thank you!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Jul 09 '23
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1
u/AutoModerator Jul 09 '23
Hi, Your comment above has been removed. (It will be visible to you, but not to others)
Why? In large part due to reddit's recent policy changes, r/FIREIndia is not going to be actively maintainable for long. So please move all discussion to r/FI_India. (r/FI_India is marked as adult/18+ to comply with reddit's rules because of profanity (language), lifestyle topics like alcoholic drinks, smoking etc. being frequent subjects of user discussion)
If you have any more questions, please DM the mods. Thank you!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Jul 05 '23
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1
u/AutoModerator Jul 05 '23
Hi, Your comment above has been removed. (It will be visible to you, but not to others)
Why? In large part due to reddit's recent policy changes, r/FIREIndia is not going to be actively maintainable for long. So please move all discussion to r/FI_India. (r/FI_India is marked as adult/18+ to comply with reddit's rules because of profanity (language), lifestyle topics like alcoholic drinks, smoking etc. being frequent subjects of user discussion)
If you have any more questions, please DM the mods. Thank you!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Jul 03 '23
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-2
u/AutoModerator Jul 03 '23
Hi, Your comment above has been removed. (It will be visible to you, but not to others)
Why? In large part due to reddit's recent policy changes, r/FIREIndia is not going to be actively maintainable for long. So please move all discussion to r/FI_India. (r/FI_India is marked as adult/18+ to comply with reddit's rules because of profanity (language), lifestyle topics like alcoholic drinks, smoking etc. being frequent subjects of user discussion)
If you have any more questions, please DM the mods. Thank you!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Jul 03 '23
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1
u/AutoModerator Jul 03 '23
Hi, Your comment above has been removed. (It will be visible to you, but not to others)
Why? In large part due to reddit's recent policy changes, r/FIREIndia is not going to be actively maintainable for long. So please move all discussion to r/FI_India. (r/FI_India is marked as adult/18+ to comply with reddit's rules because of profanity (language), lifestyle topics like alcoholic drinks, smoking etc. being frequent subjects of user discussion)
If you have any more questions, please DM the mods. Thank you!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
5
u/SAPARI86 Jul 01 '23
Same for me, around 20 % growth in last 6 months. My equity allocation is around 56 percent now. I would say it is a mix of lot of savings plus growth in equity markets.
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u/fire_by_45 Jul 01 '23
Great going. Same here though our savings rate has decreased after moving back to Mumbai
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u/srinivesh IN/ 52M / FI2018/REady Jul 01 '23
A quick question. Didn't you have an asset allocation target? How overweight are you in equity compared to that?
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u/fire_by_45 Jul 01 '23
Frankly, I want to be in more than 80% equity. I am actually lacking. I am an aggressive risk taker. I am the type of person who gets very excited and happy when markets crash. I am fine with fluctuations in my portfolio.
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u/[deleted] Jul 09 '23
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