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Investment Options   Investor   01/03/2019 09:52 PM  

Hi,

I have recently started working and I am able to save quite a bit of money every month. I wanted to know how other Indians, living in America, are investing their money?

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Re: Investment Options   cheers   01/04/2019 09:06 PM  

get a life insurance immediately for 500k or 1m. good luck, not sure of others but i almost live month-to-month these days..been here for a while..in short, do it when you can.

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Re: Re: Investment Options   Investor   01/05/2019 01:37 PM  

Thank you. I have life insurance. I am looking for investment options to grow my wealth. I have searched online, but there are too many options. I was hoping to get some advice from experienced people.

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Re: Re: Re: Investment Options   anurag   01/05/2019 01:46 PM  

you can try orowealth.com to invest in mutual funds in india

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Re: Investment Options   Ganesh   01/06/2019 11:17 PM  

I been in USA for 14 years, got gc in 2015. We started granite importing business in USA from India and now we are into lucrative Quartz mining business in India. We export to Japan, South Korea and Malaysia. I can guide you if you are interested.

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Re: Re: Investment Options   aryan   01/07/2019 03:29 AM  

Ganesh, whats in it for you, just curious, obviously as a businessman you would not want to have a competitor

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Re: Re: Re: Investment Options   ctdesi10   01/07/2019 12:19 PM  

Hi,

The first rule of investing is to start ASAP. The more time you give your money to grow the better it is - read about the power of compounding.

This is a huge field, so can't even begin to teach, but I can tell you how I do it. Start off by opening a brokerage account - I would suggest Vanguard due to its low fees. Next build a portfolio of low cost index mutual funds or ETFs with a mix of bonds and equity funds based on your age and risk tolerance. Just stick to index funds and you will be alright.

Also, if your employers offers a 401k plan - sign up for it atleast upto the employer match. Otherwise open an IRA and/or Roth IRA and contribute regularly (read about Dollar Cost Average).

Above all - do your research. As you said there is so much information - you have top educate yourself because otehrwise you will have to listn to otehrs advice - whicg may not be always the best. There is no otehr way around it.

If you have specific questions mail be at ctdesi10 (at) gmail.com and I will ry my best to answer.

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Re: Re: Re: Re: Investment Options   Curious   01/07/2019 02:34 PM  

I am 35 and I do not have any investment yet.
I am in US with family for last 3 years
Is it too late for me in this life time to Invest now ?
What are the best options available now, if any?


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Re: Re: Re: Re: Re: Investment Options   exte   01/08/2019 08:20 PM  

It is a little late, but not too late. The more you delay the worse it will be. So get in the game ASAP and give time for your money to compound. A simple example of compounding is say you have $20000 invested.Lets say it doubles in 12 years. So it becomes
40K in 12 years (20 K return in 12 years)
80K in 24 years (40K return in next 12 years)
160K in 36 years (80K return in next 12 years)
320K in 48 years (160K return in 12 years)... and so on.

So invest ASAP and let the money compound and do the work for you.

Ofcourse that assumes you have it invest in funds that grow and give you consistent (6%) returns. You could get beter or worse results.

See previous post and invest in index funds.

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Re: Re: Investment Options   Interested in importExport   01/09/2019 03:17 PM  

Ganesh, i am really interested to know about importing goods from different countries. Can you please guide me on this?

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