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Can anyone shed some light on quant funds please? https://groww.in/mutual-funds/escorts-tax-plan-direct-growth
I am seeing stellar returns and extremely low expense ratios but apparently since they're quantitatively managed algorithms, they don't account for things like corona for example.
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I had an online assessment round at Intuit and then a technical round. Both went good. But its been 15 days I am yet to hear back from them. Does intuit send closure/rejection email or is it just implicit? also what is the cooling period for intuit ? and what should be the expected ctc if things go right? Current Designation: SDE2 | Current CTC: 20LPA | YOE: 10
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Have you successfully negotiated a raise in PA?
Houston or Phoenix?
In hours, what was your busiest work week yet?
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Property can get damaged, devalue (Detroit), and far more money is wrapped up in an isolated risk chamber than in a 401(k). Yes you can grow your money with real estate -> Trump, exhibit A. But you could also grow far more money through the stock market with the same investment -> Trump, exhibit A, who could have been worth multiples more had he just dumped it all in an index fund and rode the wave.
OP, I'm with you. I drank the 401k koolaid for a long time. It's fine as a savings tool, but it's not a retirement plan. Now I understand the value of liquidity better and prefer my wealth to be liquid for when an investment presents itself.
So you can retire?
I put a lot into my 401K because I don't have self control. I know I'll spend more if I have it
Future income when you quit PA? Read "4 hour workeeek". Great book on saving v doing shit now.
Once you make enough to max out your 401k annually there isn't much reason to not do it.
Not to mention, if you did end up with too much in there (awful problems to have) there are ways to get it out before 55 and avoid the penalty. Look up rule 72(t) for one example.
What other investment vehicle gives you tax free contribution and growth potential?
^^ interest is paid back to yourself too
You're money is tied up in markets so there's always an associated risk that comes with it. Maybe look into a Roth IRA if you're looking to save extra money.
I don't understand why you keep implying it as having all your eggs in one basket. You are literally buying fragments of thousands of companies. You ride their success and failure and through the magic of averages, you ride the success of the US and global economy. That is quite literally as risk averse and diverse as you are going to get if you want any sort of substantial return.
Yes, managing director, the dip since 2007 if you held has recovered in full and then some.
Right, but it's likely to make up a significant % of your assets - how do you see this playing out in your estate planning considering all the rules to it? Why tie up so much this way?
Because typically your employer gives you free money when you invest in your 401k, which means you get an instant big return on investment plus all the future market gains.
Yes it does do that, but you have little control until 55+. You don't see this as any type of issue? Just curious
You have tons of control. The penalty of early withdrawal is only 10%. Which, after accounting for tax free growth, typically leaves you with where you started at if you really needed it out of there.
Typically the only things you'd run in to problems are for education, health and buying a house. Pretty sure there are rules that give you flexibility in those situations. Not to mention 401k loans for extreme circumstances.
If you think you're going to retire earlier than 55 you just need to plan for it outside your 401k. I expect to need my 401k money when I'm 55+, will use other assets if I retire early. Definitely will be maxing 401k until then.
Most plans allow you to take a low interest loan against it so it's not completely tied up. Plus there are ways to withdraw without penalty like for the purchase of a first home, medical expenses, tuition.
*your