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Custodial or 529 for child?
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What do you want to do when you reach FI?
Custodial or 529 for child?
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Coach
Yes
Clarifying question: FIRE attained in India, not somewhere else and then moving to India, correct? Latter is my personal strategy
BCG1 - Yes correct that’s what I meant!
Got it. I think it’s doable: the same principles apply. I have a former colleague who achieved FIRE in Brazil. His portfolio is partly offshore to hedge
Does 4% rule apply beyond US based (sp500?) stocks?
Coach
I think people need to know inflation works. Some things like the price of TVs have been deflating for years where the cost of private 4 year universities in the USA are growing well above trend. It depends on your lifestyle and what you spend your money on. Also as you age your wants and needs change (e.g. healthcare and childcare)
Mentor
This is the graph you are looking for.
What do Indians typically invest in? Offshore (US based) or domestic investment vehicles?
Yes, you have to adjust some of the rules though. For example assuming a 4% withdrawal, average return of your investments and what your spending will be over the long term will need to be adjusted.
Could your portfolio be more real estate based instead? Could you expect reliable returns?
Why can’t you just buy all the same stocks which the US folks do? Or is the question how do you do this with India only stocks?
Countries like India have very high inflation and the returns from stable developed countries won’t be able to keep up