Indian Politics and Internal News

I got an offer for about $130k in India, which is about 60% of what I make here in US. I was surprised. I have stayed in US for a very long time otherwise I would have jumped at that offer.
 
Devlete_Hakikate said:
Is that why they are protesting everywhere on the roads to go back to India or stay in Canada? They are applying for asylums now stating their lives are in danger if they return back to India. Isnt India safe for them?
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Those are typical Punjabi frauds from India. They come to diploma mills with a dream of PR. When their dream does not become reality, they are trying political blackmail by protesting and further lie for asylum.

There is a Hindi movie called Dunki in which they have shown how lying for asylum in UK is okay other than a patriotic feeling to speak against India. Honesty be damned.
 
AjayGhatak said:
Rich and poor is very subjective. In India 4 million dollars net worth is pretty rich. In Canada thats an upper middle class family with two investment properties.
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That's exactly the point I made- you can live rich all your life here.
 
AjayGhatak said:
The EFT portfolio I liked to is WAY MORE diversified than Indian EFT and also has exposure to India as it is world wide. Actually, you can customize your own EFT portfolio depending up on risk profile. If I want to take more risk and more rewards, I can just take EFTs that have more exposure to developing world like India. Simple.

BTW, the annuity products typically have a minimum age of entry and are usually meant for retirement planning.


I did not say economic bubble. I said bubble of good quality of life. Like one of those gated communities. They are bubble of good living in a hellish mess. The moment you have to venture out of it, that moment your quality goes away.
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'Annuity plan' is not an ETF
'Annuity plan' is not dependent on market performance
'Annuity plan' is an obligation for the bank to pay up the cash under all circumstances- whether markets go up/ down, COVID comes

ETF is no different from equity investment, and depends on market performance. It can go up or go down.

for 10 crore you will have permanent fixed income of 7 lakhs per mnoth for life, whether stock market does well or not, COVID comes or not, Modi is elected or not

Another 10 crore to splurge on real estate to live the high life.

another 10 crore is still left for equity investment with a target of about 20% (2 crore per annum minimum)
 
ST1976 said:
timesofindia.indiatimes.com

Indians pip Russians to become wealthiest landlords in Mayfair - Times of India

UK News: Indians have overtaken Russians to become the wealthiest landlords in Britain’s most expensive commercial district — Mayfair in London. Indian purchas
timesofindia.indiatimes.com timesofindia.indiatimes.com
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www.hindustantimes.com

Indians account for 22% of Britain’s ultra-rich club

The list, published by the Singapore-based Wealth-X group, places steel magnate and ArcelorMittal chairman Lakshmi Mittal at second place with a fortune of $15.8 billion. Dipankar De Sarkar reports. Desi net worth
www.hindustantimes.com www.hindustantimes.com

Super-rich Indians account for more than 20% of the wealth of ultra-high net worth (UHNW) individuals in Britain, a new list showed on Tuesday. As a national group, they are second only to expat Russians.
 
Guynextdoor said:
'Annuity plan' is not an ETF
'Annuity plan' is not dependent on market performance
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Annuity plan has a big problem. It does not take care of inflation. You will always get that fixed number and no more.

Also, read your terms and conditions properly. There will always be a counterparty risk clause. If your fund goes kaput, there goes your annuity.
 
Guynextdoor said:
'Annuity plan' is an obligation for the bank to pay up the cash under all circumstances- whether markets go up/ down, COVID comes
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Yes, but it comes at a price. If you die early, your estate gets ZERO! Ziltch! With a proper investment, your principal will always be there and always protected against inflation.
 
Guynextdoor said:
ETF is no different from equity investment, and depends on market performance. It can go up or go down.
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The key is "diversified".

When globally diversified EFTs go bad, you can be sure that the banks selling your annuity will start having liquidity crunch or will be in deep mess.

And yeah, banks do fail. Just ask silicon valley bank.

BTW, how do you think your Annuity folks make money and pay you at the same time?
 
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Guynextdoor said:
for 10 crore you will have permanent fixed income of 7 lakhs per mnoth for life, whether stock market does well or not, COVID comes or not, Modi is elected or not

Another 10 crore to splurge on real estate to live the high life.
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You will ALWAYS have exactly 7 lakh per month. EVEN if inflation hits 20%. Annuity punishes you for living longer. If you take annuity at age 30-40, by age 60-70 your annuity fixed payment will be worth way less.

With an investment in EFT with 4% withdrawl, you can be sure that you have protected your money against inflation.

BTW, India is really bad in managing inflation. Mostly because it has to import oil.
 
Guynextdoor said:
Another 10 crore to splurge on real estate to live the high life.
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yeah "real estate" in a pathetic country with pothole, pollution and water shortage risk.

If you live in India, no matter how hard you try, you can not escape the realities of living in India.

A king in slum may be a king but will still live in a slum.
 
AjayGhatak said:
yeah "real estate" in a pathetic country with pothole, pollution and water shortage risk.

If you live in India, no matter how hard you try, you can not escape the realities of living in India.

A king in slum may be a king but will still live in a slum.
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Where in India are you from?
 
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