How much Indian salary would make u return?
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Quote:
Originally posted by dimple2001
How much is 1 crore? 100 lakhs or 1000 lakhs? Thanks.
it is 100 lakhs or 10 million
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Chandresh
Advice is free – lessons I charge for!!
Posts: 2873
Location: Western Hemisphere
Posted on: 14-10-10 15:48:53
Location: Western Hemisphere
Posted on: 14-10-10 15:48:53
Quote:
Originally posted by chandresh
Quote:
Originally posted by dimple2001
How much is 1 crore? 100 lakhs or 1000 lakhs? Thanks.
it is 100 lakhs or 10 million
Perfect, thanks.
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Dimple2001
Quote:
Originally posted by chcool
Quote:
Originally posted by web2000
Just curious to know.
How much approx. money (per month) can be generated from 1 crore in India via secured investments (like banks FD or other investments which are almost as secure as FD)?
On a secured investment 10 %, mutual funds minimum 20 %, equity investment more than 30 %.
If a person has 1 crore or more, no need to go for jobs or work in "labour " jobs in canada.
If 10% (I assume it per year) return is guaranteed then it is amazing. This means (100,00000*0.1) a year (approx Rs. 80,000 per month) will be enough to live luxurious life in a small town. Why to struggle in metros if no need to do a job.
Chhote log ... Chhoti soch (Akshay Kumar speaking not me)
Is this question for everyone or for people who wants to return ???
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Mumbai Maazi Ladki ...
Quote:
Originally posted by Maharaj
Chhote log ... Chhoti soch (Akshay Kumar speaking not me)
Is this question for everyone or for people who wants to return ???
I asked the question to know what is practical possible in India and how much return is possible. Whether u want to return or not(Who knows if u plan in future) it will still be helpful to know from financial gurus how much return can be achieved. As said by one of the poster that 10% guaranteed return is possible in India, i see this amazing because I don't think I can get that much return in Canada in short term investments. If the poster is true then it will be worth doing more research how can I achieve it while sitting abroad.
Quote:I'm not so sure....inflation is running at > 12% in India.
Originally posted by web2000
If 10% (I assume it per year) return is guaranteed then it is amazing.
That's the govt. reported number.
Reality is often higher, so let's assume between 15% to 20%.
At 10% annualized RoR, your capital is being eroded by inflation.
Bank-secured deposits like savings accounts, fixed deposits, etc. are always designed to track at, or just below, inflation in most countries.
So they are almost guaranteed to erode capital over periods of time.
Quote:You are making an assumption that you will be able to secure cheap, yet comfortable, housing.
This means (100,00000*0.1) a year (approx Rs. 80,000 per month) will be enough to live luxurious life in a small town. Why to struggle in metros if no need to do a job.
If you have ancestral property in a village or small town, then this makes sense, but if not, how do you plan to afford comfortable housing?
Property valuations in India, even in smaller towns, are in the stratosphere.
You have to balance that with factors like safety, access to doctors/hospitals, resources such as entertainment, libraries, etc.
I don't think Rs. 80,000 a month can provide that type of lifestyle including housing for too much longer.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Quote:
Originally posted by web2000
As said by one of the poster that 10% guaranteed return is possible in India,
I am (& the thread) talking about Return to India and not Return on Investment.
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Mumbai Maazi Ladki ...
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