seige
Joined 16 years ago
Joined 16 years ago
But if you are looking for general advice, I think it's important to want career progression. Generally speaking, for most people, bills go up as they age (kids, health, yada-yada). Unless you are sitting on inheritance money, you'll want to have a bigger pay-check to meet life's challenges.
Your point on India's growth rate likely to be higher than US is well received, but I want to understand something more tangible. Let's say I invest a dollar in India which grows at 7-8% risk free just using the FD instrument. At the end of each year though, US Gov will tax that growth at 30-40%. Next, If one repatriates that money, one loses even more value due to currency conversion. So in effect, your money grows at 4% most likely.
4% growth + tax paperwork hell seems imprudent. I'd like to learn what am I missing here? Many of my NRI friends don't bother investing in India. There is a serious lack of education in this regard.
There is a serious and large amount of ambiguous tax complications (form 8621) when an NRI tries to do this. I'd love to see more commentary on this on your landing page. Are you addressing it or is that your customer's responsibility?
After factoring in taxation on foreign assets by US gov and leakage due to weak INR, a repatriation situation looks very underwhelming. A 7% yield is more likely 3%. One is better of just putting $ in an index fund in the US unless one has decided to relocate to India in the long term and want to hold assets there. How do you folks think about this?
To minimize risk, I'll recommend having conversations with other FAANG people in your network and create a soft back-door.
This is obviously opposite of "burn your bridges" strategy, which is quite popular and may not be your vibe.
Looking for: Marketing and Sales expert. What I bring to the table: Technical expertise.
Upside potential: This could challenge big tools like Placeit
Reach out to me at [email protected] if interested.
Boilerplate componentization needs to be handled by machines, not humans.
I really struggled to get help and was left with no option but to quit.
If you or anyone else in this thread is interested in a side project, holler at me.
Kudos on this. Craig always delivers when it comes to making books.
What will it take to make it Wordpress friendly?