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I got H1B Visa and 83000 USD dollar petition amount as annual package.I am confused as this amount will be enough to survive there with wife and 7 year old daughter.My wife is working here and together we are earning 50LPA annual.We are settled here by owning house too.Confusion is my wife will not be able to work there on H4 Visa so the kind of life we are living here will not be possible there.Thoughts?Suggestions?Pros and Cons?
How are you investing your money right now?
Bought some HD puts, for 11/1 $227.5
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He is Risen!!!
Hi everyone would like to know the current salary slab for a person who shifted from Siebel developer role (1yr experience)to Salesforce developer. Have been self learning and will get certified.
Would like to know how much should I expect as someone new in salesforce development if I change company .
Additional Posts in Personal Investment Chatter
Thoughts on adding GLD or FSAGX to portfolio?
You need to read a book on index investing so you feel comfortable putting your money in low cost, index funds (whether mutual funds or ETFs, doesn’t matter). It’s really a no brainer for anyone to have a significant chunk of their money in index funds. I recommend you read the following books: the simple path to wealth, the boglehead’s guide to investing, and/or I will teach you to be rich.
These books have more financial advice than index investing, but it is also useful. After you understand index investing, the next step is understanding your time horizon (ideal is “forever”) and risk tolerance, which will in turn determine how many stocks to bonds you will own.
Cash Secured Puts on SPY and QQQ. Or very slowly DCA into the Vanguard versions with low costs (VOO and VGT).
I would not buy broad indices when markets are so inflated (Forward P/E-wise) and most retail investors are bullish right now. Better to buy dips or sell CSP.
If you want to use the 'roll the wheel', given your capital, you may want to do it with a diverse set of individual stocks representing a broader index. Much better premium collected from selling CSP and CC than with indices.
For those who believe in & follow it — Happy Diwali :)
Happy Diwali 🪔
Did all the vowel keys on your phone stop working? I’d invest in fixing that first
Conversation Starter
Buy SPX based in index funds. Market is pretty high right now in fact all time high I think so buy on each dip to get a decent avg
Good intro video EY1. Thanks for sharing
Remember that inflation is/will hit at 3% YoY. In the past year your cash has lost >$6k in value. Not financial advice, what I would do is allocate 6 months expenses into cash, and since it’s seems you’re conservative, look into corporate bonds and bond etfs like BND and RPAR
Rising Star
You’re 30 though. The market rn doesn’t matter as long as you hold for 15-20+ years
https://www.personalfinanceclub.com/three-fund-portfolio/
Just buy the S&P index (SPY) it’s betting the field and you will never go wrong. Not a lot of excitement but not a lot of stocks/funds actually outperform this index
Rising Star
If you’re looking at an index fund look at ARKK. But definitely do something with that cash. You could also invest in bitcoin or art through masterworks. Also check out rootstock for an easier way to buy and manage real estate. You definitely have enough for a down payment
Rising Star
ARKK is up 110% ytd and 400% over 5 years... that’s literally unheard of. Compare VOO which is up 15% ytd and 77% over 5 years. Still good but cathie wood blows them all out of the water.
I am 30 married and my cash in hand is a lot less than yours, I just invested in a home. I’m on a work visa as well
Try Fundrise. It’s crowdsourced real estate investing and has returned pretty consistently over the past few years. It’s less liquid but also less volatile and your money works for you. Those guys do decent diligence on the assets they buy so the downside risk seems limited.
What app is this
Mint
DM me and I can refer you. Gets me 1 year without advisory charges or so ;)
How were you able to make this much in a little time?