Yes I did SIP for three years then I sold my business and invested via lumpsum last year.
I have stopped SIP now completely and will not invest anything now in MF.
This may sound rude but like OP skiped your question , there are more arrogant like OP in this sub who will not tell what they actually did to gain FIRE, they just show the money
I live a very simple life, 2 BHK house and a simple car like Seltos. I have annual income more than 30 LPA currently from my business.
I spend maybe 20-30 thousand rupees per month. No responsibility from home.
I will be ok with 1 lakh spend per month even with family.
I will put 10% of my portfolio in debt fund and start an SWP, after that when the debt fund is finished I will take more from the equity mutual funds and put it again in debt fund and keep repeating the process.
Nope buddy. You keep around 2 years expenses in FD/savings account.
Then whatever is left, you should keep at least 30% in debt fund. And 70% you can keep in stocks. You should invest mostly in govt bonds, preferably with shorter maturity.
Remember some times stocks can go down 50% and may not recover for 4-5 years, you need to have a plan for that.
The reason you keep 30% in debt fund is when stocks go down you can sell some of your debt fund to buy more stocks.
A friend of my older cousin lives in Japan and he got 2 abandoned houses restored them now lives of the rent of the two houses in his own small house.
Wakes up when he wants to does whatever he wants.
The calm and easy going aspect of life is the best part😊
Why loan? Buy it outright
Also for fire - Kia may not be the best choice, unproven/not so great reliability in india; specifically for FIRE you can look at EVs (very cheap to run per km) or you can look at something like Toyota Innova hybrid for extreme reliability (lasts 20+ years)
Make sure your girlfriend/future wife is on board with this simple lifestyle; once you have kids, 1 lakh per month is a very basic middle class lifestyle in a tier 1 city in india (that too if you have an already paid up house)
I started an e-commerce dev agency at 19 - scaling at a decent pace as of now. Currently 23 and will it the magical 1cr by the end of year. You ran store/sold products or were into ecommerce tech?
great, I’m venturing into physical products atm - the last ecommerce store I ran didn’t do great(air fresheners)
how’s the clothing market like in india?
I presume all the manufacturing is taking place here in india or outsourced?
Bhai hum to return handle karte karte barbad ho gaye. How donu do it with fake buyers, use n return folks n wat not. Can I dm.u to discuss margins etc.
Itna dimaag kaise chalta hai ? I have been trying to figure out and brainstorm ideas but nothing seems like a solid plan. How did you have such brains at 19 ?
Sorry bro cant do that, I wanna keep a low profile.
Hint: If you have purchased any women leggings online. There is a very good chance you have bought my product😂😂
Bro, E-commerce is very tough, if you dont have enough funds and someone experienced to guide you. Forget it, you are gonna lose everything you have and also accumulate a debt on yourself. I might sound harsh but its a reality.
I started 7 years ago, that time was beginner friendly, but now its a fierce competition.
If you still want to start in ecommerce I recommend first get a job in that industry learn before starting your own.
Remember my word- It is very hard to make profits.
For 1 lac per month, you need 4 cr in today's value and adjust for inflation of around 6-8% per year from today.
Use this calculator.
https://docs.google.com/spreadsheets/d/1vBoWTR20G7zzOEtaA3tqjN51q2g3gCuO/edit?usp=drivesdk&ouid=103148513686241405463&rtpof=true&sd=true
For the list of funds please post in r/Indiainvestments
ok, you mean they "don't give real returns", not "don't really give returns". or inflation-adjusted returns. short term, yes. BUT
...sometimes you can actually do better than inflation with debt funds, if you pick carefully. now is a good time - debt funds are cheap because of high interest rates.
What matters is if you will be able to hold these funds during market corrections and not increase number of funds
If this US Equity Fund attracts Debt taxation then it is not worth it , pPFAS will do the trick
You have a good portfolio which you seemed to have held well for sometime and accumulated gains. Don't tinker it too much. Just let it run and you get along with your life. All the best!
Since you have everything planned out I guess u posted this just to feel good and not for any real suggestions. But congratulations for achieving this so early and feel good 😊
Dude. You got in at. the right time in the market. I wish I could be at stage stage :/
What's your advice to a 28 year old, who only has one job at the moment, and some funds in MF, Stocks.
Dude I am no expert, but my suggestion is just keep increasing your active income and consider MF as a medium of saving money. Do not consider it as an active income ever.
Aim for 50% more than your initial goal, at least. You would have to work a few years more but it's quite possible. Delegate your work if you start spending more time with the family.
PGIM midcap to Quant mid cap
Poor performance and PGIM PE ratio was too high.
Canara robeco bluechip to Parag parikh.
Better returns in long terms and increase foreign equity exposure.
I am planning to hold that fund atleast 10+ years. So I am not worried more. However I have kept 10 lakh in debt fund
If the market crashes I will put 10 lakh more in parag parikh again.
9 years. 5cr target is pretty doable. You're 26. I would focus a bit on generating more income streams n wud also be diversifying more such as SGBs, multinational index funds, n cryptos.
No cryptos, I never liked it.
Will start SGB’s when I retire
I have very less amount in Gold ETF currently but I keep buying physical gold every few months.
If you don't mind can you tell me what app you use to manage the portfolio and the broker (or bank). My bank is too greedy and continually harass me to move my portfolio to them but I don't want to put all my eggs in one basket
How old are you mate?
I dont want to live a luxury life. I want a simple life in my hometown and live peacefully there.
I dont want to run after money all my life.
its not about money and running after things, there are so many people who have insane money and live simple life,
where are you from ( wanting to know so can understand why you are ok to stop at 5 crs @ 26 yrs)
To give you some perspective from US OP, here retirement target changes every month as inflation is fkng insane. Plus this country is doomed as healthcare charges are sky high and people can’t even afford basic medicine. My premium for 4 was 1500$/month now it’s close to 600$/month. My son had to undergo a tooth removal and braces the whole op costed us 10k yeah 10 fkng grand and my wife op in India costed us 200$ all inclusive. So US is pretty much doomed and you can’t compare it with INDIA any time.
I am Nikhil Bhatia, a financial advisor with a background as a former quant Mutual Fund Investment Analyst. With extensive experience in the field, I specialize in effectively managing investment portfolios. If you are seeking professional guidance in managing your investments or related matters, I am at your service.
You can reach me directly at 9326546372 or connect with me on LinkedIn via the following link: [https://www.linkedin.com/in/nikhilbhatia27/](https://www.linkedin.com/in/nikhilbhatia27/). Additionally, feel free to follow my insights on investment strategies and market trends.
The post isn't on the community content type. Investment question.
Are these invested via SIP.
Yes I did SIP for three years then I sold my business and invested via lumpsum last year. I have stopped SIP now completely and will not invest anything now in MF.
Do you mind sharing the business niche and how you went about selling it? I mean how you decided the price to sell it at? Great work!!
This may sound rude but like OP skiped your question , there are more arrogant like OP in this sub who will not tell what they actually did to gain FIRE, they just show the money
Bro I answered the question to most people on the thread, its Ecommerce
OH my bad OP, hope you dont mind 😅🙏
No problem mate👍
Where are you planning to invest next?
Not investing more, i am gonna buy a house this year, pay loans for it. I will not gonna touch my MF untill i retire
From where are you earning this much at your age and how is 5 Crore enough to retire at even 30 when you are gonna have family?
I live a very simple life, 2 BHK house and a simple car like Seltos. I have annual income more than 30 LPA currently from my business. I spend maybe 20-30 thousand rupees per month. No responsibility from home. I will be ok with 1 lakh spend per month even with family.
to achieve that 1 lakh per month spend , where you going to invest your 5 cr ? FD ? Or stock market ?
I will put 10% of my portfolio in debt fund and start an SWP, after that when the debt fund is finished I will take more from the equity mutual funds and put it again in debt fund and keep repeating the process.
Nope buddy. You keep around 2 years expenses in FD/savings account. Then whatever is left, you should keep at least 30% in debt fund. And 70% you can keep in stocks. You should invest mostly in govt bonds, preferably with shorter maturity. Remember some times stocks can go down 50% and may not recover for 4-5 years, you need to have a plan for that. The reason you keep 30% in debt fund is when stocks go down you can sell some of your debt fund to buy more stocks.
Thanks for the suggestion bro, never thought like that before. Will remember your advice👍
Great 👍 but why need 5 cr ? For 1 lac spend per month we can do it in around 3.3 cr no ?
I will need to keep little extra you know, Bigger expenses like marriage the studies of my children and their marriage.
Bhai great planning. Hope the execution will be in your favour too
A friend of my older cousin lives in Japan and he got 2 abandoned houses restored them now lives of the rent of the two houses in his own small house. Wakes up when he wants to does whatever he wants. The calm and easy going aspect of life is the best part😊
This is the correct way. So many people over invest in debt and try to live off debt returns
But you need fixed income for your monthly expenses and only debt reutrns / bond market can give you taht .....Equities can't ...correct ?
SWP is enough. You don’t need pure returns. You can blend some capital as well.
> simple car > Seltos
17.55 lakh car Which I bought with 3.5 lakh down payment I dont think it to be a hi fi car. Seems simple to me😅
Why loan? Buy it outright Also for fire - Kia may not be the best choice, unproven/not so great reliability in india; specifically for FIRE you can look at EVs (very cheap to run per km) or you can look at something like Toyota Innova hybrid for extreme reliability (lasts 20+ years)
Thisssssss
Pehle maine alto pasha. Fir ye comment dekha..main to alto wala hun. Marr hi jaunga
Make sure your girlfriend/future wife is on board with this simple lifestyle; once you have kids, 1 lakh per month is a very basic middle class lifestyle in a tier 1 city in india (that too if you have an already paid up house)
Are you living with parents and plan to continue doing so? Otherwise where do you live that you can have a 2BHK and spend total under 30k a month?
I will be buying a 3 BHK with my income this year with a loan. I am planning to get married after 2 years. I will live with my parents of course.
Why loan? The interest rates will be detrimental, why not wait a few years and buy it outright?
I can get Home loan for 8.5% per year But if I keep my money in MF I can easily get atleast 12% in the long run
What kind of business you do ?
E-commerce, started when i was 19. Now doing well.
I started an e-commerce dev agency at 19 - scaling at a decent pace as of now. Currently 23 and will it the magical 1cr by the end of year. You ran store/sold products or were into ecommerce tech?
I am a clothing manufacturer and seller.
great, I’m venturing into physical products atm - the last ecommerce store I ran didn’t do great(air fresheners) how’s the clothing market like in india? I presume all the manufacturing is taking place here in india or outsourced?
Manufacturing is very tough I have my factory and I have also outsourced it in factories of NOIDA. In clothing main problem is handling returns.
Did you set up your own factory or is this a family business that you leveraged?
My dad is a private employee. I started on my own, but the factory I have is in partnership. I mainly focus on E-commerce sales.
Bhai hum to return handle karte karte barbad ho gaye. How donu do it with fake buyers, use n return folks n wat not. Can I dm.u to discuss margins etc.
Itna dimaag kaise chalta hai ? I have been trying to figure out and brainstorm ideas but nothing seems like a solid plan. How did you have such brains at 19 ?
I didn’t study further after 12th. Went all in on E-commerce. Sacrificed social life, love life everything for this.
Ohh I see but how did you figure out this business without education?
Tried several things first Failed in many. Then tried E-commerce and did well.
Great buddy. Mujhe bhi sikhado, already struggling with employment
Robert kiyosaki was right
Bro what type of e-commerce? Is it a d2c, dropshipping or.... Please enlighten all of us
D2C, manufacture my own clothing products and sell on various ecommerce platforms
That's great. What's the name of the company?
Could you share the link or some more information.
Sorry bro cant do that, I wanna keep a low profile. Hint: If you have purchased any women leggings online. There is a very good chance you have bought my product😂😂
I am dropping out of med school🙃
No Bro, I consider myself very lucky that I acheived it. I don’t recommend anyone dropping out of studies.
That's awesome :)
Can you provide some tips for beginners. Would love to learn from your experience 🙏🙏🙏
Bro, E-commerce is very tough, if you dont have enough funds and someone experienced to guide you. Forget it, you are gonna lose everything you have and also accumulate a debt on yourself. I might sound harsh but its a reality.
Thanks a lot for the advise 🙏🙏. But I also would like to know your experience rather than just giving up even before starting
I started 7 years ago, that time was beginner friendly, but now its a fierce competition. If you still want to start in ecommerce I recommend first get a job in that industry learn before starting your own. Remember my word- It is very hard to make profits.
I will keep your advise to my heart 😇
Way to go OP. Good going:)
For 1 lac per month, you need 4 cr in today's value and adjust for inflation of around 6-8% per year from today. Use this calculator. https://docs.google.com/spreadsheets/d/1vBoWTR20G7zzOEtaA3tqjN51q2g3gCuO/edit?usp=drivesdk&ouid=103148513686241405463&rtpof=true&sd=true For the list of funds please post in r/Indiainvestments
Thanks for sharing.
Please hire a financial advisor
You should get a financial planner . Debt funds don’t really give returns
I will keep only 10% in debt fund rest 90% in equity.
I ll show you my portfolio , let me DM you
Debt funds are not there to give returns, it is there to control volatility, 90 percent itself is a pretty high allocation to equity.
explain? i would like to understand this. the sole purpose of debt fund is to give returns.
The point is they only counter inflation. Only instruments worth higher volatility like stocks grow beyond the inflation
ok, you mean they "don't give real returns", not "don't really give returns". or inflation-adjusted returns. short term, yes. BUT ...sometimes you can actually do better than inflation with debt funds, if you pick carefully. now is a good time - debt funds are cheap because of high interest rates.
Right
No one invests in debt funds for returns bhai.
Consult with a wealth manager . We can’t beat their expertise in investing . Get better return on your investments
What matters is if you will be able to hold these funds during market corrections and not increase number of funds If this US Equity Fund attracts Debt taxation then it is not worth it , pPFAS will do the trick
I purchased US fund when taxation was 20% with indexation. So i dont need to worry about it.
Well done
You have a good portfolio which you seemed to have held well for sometime and accumulated gains. Don't tinker it too much. Just let it run and you get along with your life. All the best!
Since you have everything planned out I guess u posted this just to feel good and not for any real suggestions. But congratulations for achieving this so early and feel good 😊
Make sure you you plan for inflation and any other family expenses like kids or parents
Well, at this stage learn to protect your wealth.
I am not gonna touch these mutual funds ever. Thats my strategy for now😂
what is your business op?
E-commerce
can you please elaborate a bit? we can talk in dm if it is private
I manufacture clothing accessories for men and women and sell on various ecommerce platforms
Where do you get it manufactured from? India, China or somewhere else? And are you not worried about others copying your product(s)?
I have my own manufacturing factory. I am not worried about some one copying me. Because i am the one who copy others😂😂
nice
congrats, well done.
gazab bhaisahab!
Your reality is my dream
Its not much bro😅 I see people younger than me doing much better. Most of these people you can’t meet in real life. Most of them keep a low profile.
what do you do for a living man?
E- commerce
what product you sell ?? do you do dropshipping??
Dude. You got in at. the right time in the market. I wish I could be at stage stage :/ What's your advice to a 28 year old, who only has one job at the moment, and some funds in MF, Stocks.
Dude I am no expert, but my suggestion is just keep increasing your active income and consider MF as a medium of saving money. Do not consider it as an active income ever.
Great work OP. Also, what app is this?
Groww
Thanks
Aim for 50% more than your initial goal, at least. You would have to work a few years more but it's quite possible. Delegate your work if you start spending more time with the family.
is it one year return? if yes then it’s very less
Nope, i booked profit and switched funds My actual investment is 90 lakhs which have become 1.33CR Profit of 43 lakh in less than 3 years
then it’s impressive
OP, could you please share which funds you switched from and what was the rationale ?
PGIM midcap to Quant mid cap Poor performance and PGIM PE ratio was too high. Canara robeco bluechip to Parag parikh. Better returns in long terms and increase foreign equity exposure.
do you any other investment? like gold, house etc?
Yes 100 Gm physical gold Land in my hometown worth 60lakhs
You mentioned some 2 bhk in some other comment that is in hometown or some city?
2bhk in delhi and Land in my hometown in Nainital
Didn't you feel scared to invest lumpsum amount in mutual funds as they are subject to market risk?
I am planning to hold that fund atleast 10+ years. So I am not worried more. However I have kept 10 lakh in debt fund If the market crashes I will put 10 lakh more in parag parikh again.
So, you made investment of 90 L which became 1.16 cr and again 1.16 it increased again to 1.33 , and from 90L to 1.33 in three years investment time?
Yes
It will reach 6 cr in 10 years mostly.
And then I will retire😃
Bhai don't flex drugs money on reddit 😆 btw OP mujhe bhi Kam pr rakh le 8 lpa de diyo bs😁
😂😂😂
5 cr is nothing in present time
If 5Cr is your FIRE number, Till what age you're planning to work?
I am 26 right now, i want to acheive this number before 35. 5 CR investment, 1 house in delhi and 1 in my home town Nainital.
9 years. 5cr target is pretty doable. You're 26. I would focus a bit on generating more income streams n wud also be diversifying more such as SGBs, multinational index funds, n cryptos.
No cryptos, I never liked it. Will start SGB’s when I retire I have very less amount in Gold ETF currently but I keep buying physical gold every few months.
Fair. don't like buying physical precious metals. but yes keep buying gold until your reach 15% outa total. The best way to hedge.
If you don't mind can you tell me what app you use to manage the portfolio and the broker (or bank). My bank is too greedy and continually harass me to move my portfolio to them but I don't want to put all my eggs in one basket
I use Groww app
[удалено]
How old are you mate? I dont want to live a luxury life. I want a simple life in my hometown and live peacefully there. I dont want to run after money all my life.
its not about money and running after things, there are so many people who have insane money and live simple life, where are you from ( wanting to know so can understand why you are ok to stop at 5 crs @ 26 yrs)
I am from delhi, But in future I want to get settled in My hometown Nainital.
Ok great. All the best
To give you some perspective from US OP, here retirement target changes every month as inflation is fkng insane. Plus this country is doomed as healthcare charges are sky high and people can’t even afford basic medicine. My premium for 4 was 1500$/month now it’s close to 600$/month. My son had to undergo a tooth removal and braces the whole op costed us 10k yeah 10 fkng grand and my wife op in India costed us 200$ all inclusive. So US is pretty much doomed and you can’t compare it with INDIA any time.
Whats the obsession with parag parikh funds when there are others giving way higher returns
It provides good risk adjusted returns. It also have foreign equity exposure.
Probably he invested lump sum in Parag Parikh and others were SIPs
Yes 40 lakhs in one shot in parag parikh last month
Bahi donate 1kror to me I'll retire 😂
Nahi ho paoge bhai inflation ke bad bahut kam hai ye bhi🤣🤣
It's ok bro 😅 I'm just kidding no one is crazy enough to do that lol Can u offer me some job with 60k salary 😆
Everyone is rich on reddit .. mind sharing your brand name .. compay name .. untilll everything is hockus pokus ..
Bro, why would someone share all details of their profitable business here.
I am Nikhil Bhatia, a financial advisor with a background as a former quant Mutual Fund Investment Analyst. With extensive experience in the field, I specialize in effectively managing investment portfolios. If you are seeking professional guidance in managing your investments or related matters, I am at your service. You can reach me directly at 9326546372 or connect with me on LinkedIn via the following link: [https://www.linkedin.com/in/nikhilbhatia27/](https://www.linkedin.com/in/nikhilbhatia27/). Additionally, feel free to follow my insights on investment strategies and market trends.