Hi Fishes,
Need help with a tax query.

I am earning 85k/month now. Thinking to purchase a land of around 15L, not just for investment but to build our own house on it in future.

Though I can somehow manage it without taking a land loan. But I was wondering if I can take some to avail tax benefits.

So my doubts are - Can I avail tax benefits (like home loan) before construction? If I take the loan just to enjoy tax benefits then how much loan should I take at most? Have only ~68k EPF in 80C

How much household income should be to buy $1M house? Also what is the approximate down payment? I know 20% is the ideal but how much do people typically pay.?

Fishes- Need some quick knowledge/suggestions for Monthly Investments. I have a 10k Monthly ELSS SIP and 10k Nippon Pharma MF SIP. In addition to this, a small amount 15-20K flat invested in Crypto. I have some more money to spare- 10-15K/month. Any suggestions where I can invest this? I have little knowledge of stocks so would be a little hesitant to get in.

Anyone looking at airline stocks or ETF play?

Is it too late to buy the FAANG stocks? Still feel that Amazon and Google are undervalued.

EY folks - how do I increase my firm group life insurance coverage (not the group universal / variable policy)? My wife’s coverage is at like 3x my salary but mine is only at 1x my starting salary from 5 years ago…

Planning to buy a condo in 451 W Huron - Yay or Nay? Will live for a year and then rent it out. Don’t want to renew lease another year.

Is it the worst time to buy real estate because of the interest rates?

I spent the last 3 months "growing up" & now I'm ready to go. 1st thing is for me to get my own place. I'd like to buy instead of rent because I don't want to pay someone else's mortgage.

I'm thinking of selling my car & cash out some of my 401k to buy a house. My thought is to put down 3.5% for a FHA loan then make a big payment towards the principal to reduce long-term interest.

Anything wrong with this thinking or anything else I should consider?

Which crypto coins are you putting your money in?

Is anyone holding didi shares? I’m trying to figure out what happens. If they delist, then list in HK, are shares converted? If I want to sell, how would that work? Do I need to open a HK bank account? Are there unique tax implications? Etc etc.

Today I lost out on a house because my offer of $90k over the list price was beat out by another bid. Everyone else having an equally crappy Monday?

If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

Need advice. Have some credit card debt that I’ve been working to pay off. Have made progress but want to lower it quickly. We have dual income, with a house (~$300k in equity), 1 kid and 1 on the way. I’ve looked into debt consolidation via HELOC but also have ~$80k in vested equity in my company that I haven’t touched. Get equity refreshes every year. Would it be smarter to cash out $15k-$20k of that to pay debt vs. a HELOC at ~5% given that will still require mthly payments

I’m considering building up my I bonds to eventually replace my 6 month expenses emergency savings account. Any downsides I’m not considering? If I slowly ramp up and ladder, I can partially withdraw any amount if I need to after a year. Even with lower inflation in the future, I’m guessing it’s going to beat a savings account yield. Thoughts?

Should I lease a car or buy it? Which is better? Does it impact the insurance rate?

What do we think is going to happen with student loan deferral? Any recent new grads thinking they’re going to pay back any time soon? Some argue Biden is going to keep pushing interest pause til next election then forgive 10k as a strategy to help get re-elected? I only have 15k to pay and can pay it anytime, but no incentive to when that money can be earning more elsewhere in the meantime, thoughts on what is really going to happen?

Looking into credit card, most likely between emirates nbd Bonvoy card or the Emirates offering. Anything better out there? What has been your experience. My understanding is you can convert the emirates points to Bonvoy? Not sure if the same works Bonvoy —> emirates.

Considering a contract to perm. Would be contract for 6 months. First time freelancing. 6 years experience. Job in NYC at a global brand. Would $130k be right to account for benefits? Less? More?

Are headshots on resumes becoming more common? How do you guys feel about it? 🤓

CTO or VP technology (14yrs total exp) for machine learning AI computer vision products. Any hiring on this ..let me know

Interviewing for an AVP role after only 13 months of working. What kind of questions might trip me up and is there anything I should make sure to do? (Dept: TFI/support to traders)

Tech stack - python(pandas,numpy),sql,excel
What job role can i apply in big 4,,,,,i have experience of 3.2 years in infosys as test analyst,,,please do provide feedback,,,TIA

Lateraled into banking and I'm getting killed. My aso will mention to do stuff as he's walking out, says do this this and this and by the time I process what he said he's out the door then I miss something he's like I told you to do it. If I ask questions to clarify he gets annoyed, he says read what I wrote again, how is what I said confusing, etc. Dude I just want to be fed info my first few months until I reach a critical mass level of info to run shit on my own to some degree's

13 years experience and no college education. Best way to go about earning my BA and taking the CFP?

How did you get better at cooking? I'm a guy - never mastered the skill - but can recognize that only making pasta is probably not ideal.

From reading a number of books and listening to a number of podcasts about starting a business, one underlying factor they all share is to have deep passion for what you do. How do you know what your passion is? I mean I think a lot about golf but i don’t think that’s a passion. It’s my hobby. I think most people just know.

What is a ideal SDR salary in a growing SaaS based Startup in Munich ?

Hi I have asked to be an advisor for a startup. Its in its very early stage pre pre-seed. Its looking like weekly strategy calls and possibly some executional work as well. Like building out a sales process and/or training sales and marketing team members (this might be 1-3hr a week of work).

They are offering 1.5-3.5%. — I am wondering if that’s enough.

In addition to this the founder mentioned that he would like me to consider becoming a co-founder.

Do you think campuses will open up this summer for on campus tours?

I’m a commercial litigator that just made partner at a midsized firm in Philadelphia. I want/need to start building my own book. What can I do to make myself a rainmaker? Where and how can I find my own clients?

Anyone have an issue with Global Entry due to govt shut down?

Hi fishes,
Want some feedback for Employees Assistant Program (EAP) by Capgemini which provides facilities to connect with Therapist.
Actually I am going through some tough times(going through a divorce), want to connect to EAP to discuss my mental health issues.
I had connected once and they say that the conversations are strictly confidential.
Just wanted to know do they really keeps stuff confidential or can they inform my Manager regarding the personal conversations.

How many days will Mphasis takes to release offer. On Thursday HR asked to submit documents and mentioned offer will be released by evening, But today is Monday and no info on offer (Welcome message I got on same day.)

Someone tell me why a partner just took me to lunch as a "Thanksgiving treat" and he took me to Taco Bell

Other than addy, how do you guys stay focused for the extra long days?

Anyone has any tricks to increase the ipo allotment chance? I never get lucky with this ipo allotment 😅🤣

Any good articles, notes , YouTube videos about intraday trading for newbie ?

What percent of salary you guys are investing?

contact us for investment queries we may not have all solution but can give new prospective

This is off topic - suggestions for a good health insurance cover of 5L for parents aging from 54-56yrs

What is the notice period at tcs

If my parents are over 70 years old, can I start their life insurance now so that when they die me and my family are protected financially.

Just curious, has anybody invested on affordable housing in Gurgaon, India? Or got any insight for a first time investor.

Hi All,

Anyone here who started from bottom, average middle class family, and bought a plot, constructed a home and now is living happily with family?

For IT engineers who started job with less salary in the beginning.

Regards
XYZ

Hey fishes,
Need help with a query. I had a joining bonus of 2LPA subjected to tax deductions. Now, since I am leaving within an year of joining, the company is asking me to pay back the complete 2LPA. In this case, what happens to the tax I have already beared close to 45,000. Will I get it when I file ITR?

Offtopic:
Any WhatsApp group of stock/option traders?
Am an option seller and looking forward to connect to like minded people.

Does having corporate NPS account make any difference? Ultimately we get 50k additional deduction only ,right? So between an employee giving a voluntary contri of 50k to an individual nps account and another whose employer's contri 50k to corporate account will give the same benefits, isn't this understanding correct?