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I got H1B Visa and 83000 USD dollar petition amount as annual package.I am confused as this amount will be enough to survive there with wife and 7 year old daughter.My wife is working here and together we are earning 50LPA annual.We are settled here by owning house too.Confusion is my wife will not be able to work there on H4 Visa so the kind of life we are living here will not be possible there.Thoughts?Suggestions?Pros and Cons?
@ib do u want to actually contribute bro
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Pls read and learn about mutual funds...
There is nothing called top mutual funds...everyone has their own risk appetite..
If by top you mean high returns then Small cap mutual funds will be the best but remember it also has the potential to half your investment as well...
Go to YouTube and start your learning process pls...
End of the day it's your money and you need to be financially aware...remember being financially aware is not a choice but a necessity:)
Sure, I will put more effort into learning.
Thanks.
I would suggest PPFAS Flexicap direct plan. I've invested ~1 lac, starting from March 2021.
XIRR=15%
They follow Hamurabi code wherein the fund manager and employees have their own money invested in it.
Ethical fund with Parag Parekh's values.
Read about it and make your decision.
There might be years where they will buy out of favour/ value stocks and might underperform.
Stick for minimum of 5 years
Thanks for your valuable suggestion.