Hi Desi consultants, need a quick advice- I’ve saved around $50k in my bank account and going to liquidate another $50k that I have in fixed deposits in India (they’ll mature soon) to buy a condo here in US. However, I do not think I’ll be able to close the condo deal before Jan 2022 as such, need some suggestion as where to invest some term (6-8 months) to earn more…

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Honestly short term it may not be worth investing to lose liquidity. This is money for a condo so you want to be very conservative in that regard. A couple months of returns will probably be minimal at best.

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ACN stock brah.

funny

Buy Bitcoin or ETH

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I would not worry about investing in any where else if it’s for 6 months. There is a chance market can go down. If you are not looking for long term you should not take that risk.

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Invest in low risk ETFs. Should give you a solid 5-7% return on it

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Lmao. Seriously? Solid 5-7% return?

I would like to see what happens if there is a market correction in the next 6 months as the Fed tapers bond buying?

Any money that’s needed in the next year should be kept should in cash or cash like equivalent so the best bet is a savings account. Yields are at historic low but your principal is safe.

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How’re you moving the money from India, OP? I’m in a similar situation.

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Not sure as of now but probably will use ICICI bank.

Open a cryptocurrency account and invest in USDC. Gives you 8-9% interest without any price risk (ie USDC price is stable at $1). Of course, there’s counterparty risk as your money gets lent out to others which is why you get interest

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That's Hella savings..great work and inspiring!

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Oh boy.. You might end up paying a good amount of tax on the $50K you're planning to get from India to the US. Consider putting aside some money for that tax liability.

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👆🏼This

340 today, will be at least 380 in 6 mnths!!

ACN to the 🚀

Invest FD in India in Reliance. Liquidate post 6 months.

Another way is to invest in money market funds (not sure how to though). Don’t invest in US treasuries as there’s price risk

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