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How much money do you have saved up?😳
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Hi Fishes, I grabbed an offer at Accenture with 12 LPA fixed for Level 9. I'm not getting a retention offer from my current company at 13.5 lpa. How do I go about a counter offer with Accenture HR? Also tell me how to approach this situation smoothly.
If HR doesn't fulfill the counter offer, is it ok to accept 12 lpa fixed for Level 9 and when will I get a hike here and how much would it be approximately?
Accenture Please provide your insights. This is my first switch so I ne more exposure
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I am sorry for your loss. It is recommended that people don't make big financial decisions until a year after a loss so it sounds very sensible . In that time you should learn the basics of investing . You will never feel good about money or confident in the advice of others until you have basic criteria to assess any advice given to you. Bogleheads how to videos on the basics of investing are a good place to start .
One year is way to shore a timeline to invest in anything more than something that will protect your capital and help offset inflation . Money market or high interest savg accounts are perfectly fine for one year if you intend to use all the money as a deposit or to buy property outright. You might want to make sure your credit score is maximized over the next year if you intend to take out a mortgage . You may also find that laying off high interest debt is better than any investment. Make sure you have take tax advice on the implications of any large sum so you know of any potential liabilities
A year is a short time frame to invest and anything could happen. The market always goes up but it could be rocky short term--i.e. you could lose as well as win. If I knew I needed the money for something within a year I wouldn't invest in anything like the market, although that's where you'll have the best gains. Maybe just buy a CD. But that's me, talk to an expert as advised above.
First, im sorry for your loss. Second, how kind and what a wonderful gift and memory your loved one is leaving for you. A house sounds like it’d be a great way to honor their memory with loads of happiness in the years to come.
I’d recommend an informational interview road show to begin educating yourself about your options. Depending on how much it is, you could benefit from a comprehensive financial planner from places like northwestern mutual and others, or you might be better served into looking to speak with wealth managers at companies like UBS, other major firms or smaller boutique firms.
Barron’s and Forbes publish lists of the top US wealth management firms (I’m sure similar international lists are available); I’d start looking there for local firms or individuals that you could reach out to and begin to learn more. Knowledge is power! I hope you are able to grow it into what you’re looking to secure
Yeah, if you only have a year you probably should keep it liquid. The market is so high right now, I’m afraid of a downward correction big time.