| Author |
Message |
    
Okahyderabadi
Side Hero
Username: Okahyderabadi
Post Number: 4421
Registered: 12-2009
Posted From: 192.76.54.22
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, June 30, 2014 - 11:11 am: | 
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111:
Did not know this thread was still active. Every body should have their own strategy to invest money according to their priorities. I am glad to have opened this thread, I did learn few things that gave me a different perspective on other ways to save as well for example did not know much about saving at a higher interest rate in India and then repatriating that as Gift  but overall a good thread that has given some insight in to how the same goal can be achieved by different means
In history there is no such thing as the last word on any subject research leads to new things every day |
111
Side Hero
Username: 111
Post Number: 8054
Registered: 04-2008
Posted From: 50.180.239.141
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, June 28, 2014 - 12:50 pm: |
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Feelgud:How much u r thinking u can make in 24 years ??.
around 4.5C
Feelgud:why anyone needs lic for kid?. is there anyone depend on their insurance coverage ?
This is actually takne for her studies , will get amount when she completes her 18th year. This will be insured on my name. Means , even if some thing happen to me , she will get all the amount. |
Feelgud
Side Hero
Username: Feelgud
Post Number: 2088
Registered: 06-2009
Posted From: 196.15.16.101
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, June 28, 2014 - 01:57 am: |
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111: PF and EPF 100% invest cheshunannu...eppdu all my investments[PF + Grautuity+ super annuation] is getting doubled for every 4 years. This includes my contribution + company contribution + interest paid....enka oka 24 years service undochhu...eppudu chuste retirement age ki bhagane ravochhu...but appudu entha value untundho teleedhu...
How much u r thinking u can make in 24 years ??.
111:5. LIC for me/wife/daughter..
why anyone needs lic for kid?. is there anyone depend on their insurance coverage ? |
111
Side Hero
Username: 111
Post Number: 8049
Registered: 04-2008
Posted From: 50.180.239.141
Rating: 
Votes: 1 (Vote!) | | Posted on Saturday, June 28, 2014 - 12:39 am: |
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14 years coolie job in desam....
eppati varaku investment ante..
1. oka bulli 2bhk in Chennai [loan]
2. oka independent ellu , apartment in GNT [no loan].
3. booked one apartment in Hyd [no loan].
4. PF and EPF 100% invest cheshunannu...eppdu all my investments[PF + Grautuity+ super annuation] is getting doubled for every 4 years. This includes my contribution + company contribution + interest paid....enka oka 24 years service undochhu...eppudu chuste retirement age ki bhagane ravochhu...but appudu entha value untundho teleedhu....
5. LIC for me/wife/daughter..
enka evo okati , rendu plots..
my father has great financial dicspline..just I go by his directions most of the times..he don't take risk , mostly put in bank depostis.. |
111
Side Hero
Username: 111
Post Number: 8048
Registered: 04-2008
Posted From: 50.180.239.141
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, June 28, 2014 - 12:25 am: |
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Kish:Deenamma, ee thaadulendhi, inni inni posts endhi? DB mottham lo panikimaalinodini nenu okkadine unnaana? Prathi okkadu financial plannings, investments chesthunte nenu intlo pellam, pillalaki vanta vandi pedthunna! Too depressing yaa DB these days! Time to hang my boots!
mari Guntur-Chik pet route lo koonna plot investment kaadha kishhuuuuu.... |
King
Junior Artist
Username: King
Post Number: 855
Registered: 08-2013
Posted From: 104.5.57.99
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 11:21 pm: |
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Jalsa:My colleague bought all financial stocks during housing bubble. BOA at 4, JPM, C, etc at their lows....all are 3-4 baggers now.
Tokkale, I bought for $4.30 BOA and sold it for $3.75. Mana gandu kismath entante, I closed my account on March 6th 2009 and March 9th 2009 was the turnaround day. |
Jalsa
Megastar
Username: Jalsa
Post Number: 24425
Registered: 02-2008
Posted From: 166.137.88.159
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 11:16 pm: |
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Mahesh_fan:
2000 lo nenu inka kushi cinema sooskuntundey desam lo |
Ustad
Hero
Username: Ustad
Post Number: 19079
Registered: 07-2008
Posted From: 206.29.180.51
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 07:54 pm: |
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Mahesh_fan:2000 bubble lo pcln 4$ anta kadha ?
Amazon kuda dirt cheap.
Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
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Ustad
Hero
Username: Ustad
Post Number: 19078
Registered: 07-2008
Posted From: 206.29.180.51
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 07:53 pm: |
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Jalsa:My colleague bought all financial stocks during housing bubble. BOA at 4, JPM, C, etc at their lows....all are 3-4 baggers now.
Conviction...conviction my friend...strong belief in his ability to analyze companies.
Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
|
Mahesh_fan
Hero
Username: Mahesh_fan
Post Number: 14710
Registered: 09-2010
Posted From: 167.219.88.140
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 07:40 pm: |
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Jalsa:My colleague bought all financial stocks during housing bubble. BOA at 4, JPM, C, etc at their lows....all are 3-4 baggers now.
2000 bubble lo pcln 4$ anta kadha ?
pk kummesthunadu abba... If PK Win's it for TDP or not .. i will be officially PK fan from now... |
Siloan
Legend
Username: Siloan
Post Number: 42438
Registered: 03-2008
Posted From: 24.95.56.241
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 07:38 pm: |
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Gatti_gunde:
tenson nai lene ka ...zaldhi 140 approve karo karo
mee Uvan yeppatiki ichhenu ittanti altime enerzetic d bes8888 song
http://www.youtube.com/watch?v=ki9zPNh_cfU |
Gatti_gunde
Hero
Username: Gatti_gunde
Post Number: 18437
Registered: 02-2010
Posted From: 108.78.168.52
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 07:31 pm: |
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Enti annailu ee theds ...sanka naakio position annamaata nenu
Boob annai ni kindhesi thanthe DB set aithadhi |
Jalsa
Megastar
Username: Jalsa
Post Number: 24424
Registered: 02-2008
Posted From: 159.53.46.140
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 07:26 pm: |
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Ustad:Need titanium balls To hold priceline during .com and housing bubble.
My colleague bought all financial stocks during housing bubble. BOA at 4, JPM, C, etc at their lows....all are 3-4 baggers now. |
Ustad
Hero
Username: Ustad
Post Number: 19076
Registered: 07-2008
Posted From: 206.29.180.51
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 07:03 pm: |
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Okahyderabadi:Monna evaro email pampincharu if you had invested $1000 in Priceline in 1997 it would have been 2.1 million today ani. I was like
Need titanium balls To hold priceline during .com and housing bubble.
Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
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Ustad
Hero
Username: Ustad
Post Number: 19075
Registered: 07-2008
Posted From: 206.29.180.51
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 07:02 pm: |
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Okahyderabadi:Monna evaro email pampincharu if you had invested $1000 in Priceline in 1997 it would have been 2.1 million today ani. I was like
Needs titanium balls To hold priceline during .com and housing bubble.
Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
|
Siloan
Legend
Username: Siloan
Post Number: 42432
Registered: 03-2008
Posted From: 132.174.20.41
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 03:52 pm: |
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Secured_future:www.securedfuture.co.in
sodara ..mana dinu va neevu |
Lichtenberg
Comedian
Username: Lichtenberg
Post Number: 1087
Registered: 08-2013
Posted From: 162.115.108.103
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 03:52 pm: |
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Okahyderabadi:if you had invested $1000 in Priceline in 1997 it would have been 2.1 million today an
vaarni...priceline intha peddadi ayindaa |
Okahyderabadi
Side Hero
Username: Okahyderabadi
Post Number: 4419
Registered: 12-2009
Posted From: 157.130.154.114
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 03:50 pm: |
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Secured_future:Invest in Bluechip stocks if you have good amount of money this is best financial planning but pick right stocks rest history no need to look back after a while all the best
Monna evaro email pampincharu if you had invested $1000 in Priceline in 1997 it would have been 2.1 million today ani. I was like 
In history there is no such thing as the last word on any subject research leads to new things every day |
Secured_future
Comedian
Username: Secured_future
Post Number: 1472
Registered: 02-2014
Posted From: 124.123.174.90
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, June 27, 2014 - 01:32 am: |
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Invest in Bluechip stocks if you have good amount of money this is best financial planning but pick right stocks rest history no need to look back after a while all the best
SFI Annual Returns 20% (2013-2014)
www.securedfuture.co.in ; Banks v SFI |
Jalsa
Megastar
Username: Jalsa
Post Number: 24408
Registered: 02-2008
Posted From: 47.20.5.96
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 09:45 pm: |
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Okahyderabadi:private banks oddu tammi, move them to SBI or SBH always safe
indhulo unnadhi thakkuva amount ye. other FD is with SBH. Will open FCNR with them. |
Okahyderabadi
Side Hero
Username: Okahyderabadi
Post Number: 4408
Registered: 12-2009
Posted From: 157.130.154.114
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 05:22 pm: |
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Jalsa:Andhrawala uncle,
Are these FCNR deposits FDIC insured?
I have an existing account with Karur Vysya Bank. I was planning to use FCNR with them. If it's not guaranteed, some govt bank like SBH or SBI better emo ani.
private banks oddu tammi, move them to SBI or SBH always safe
In history there is no such thing as the last word on any subject research leads to new things every day |
Jalsa
Megastar
Username: Jalsa
Post Number: 24406
Registered: 02-2008
Posted From: 159.53.110.143
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 05:19 pm: |
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Kish:DB mottham lo panikimaalinodini nenu okkadine unnaana?
any doubts?  |
Kish
Legend
Username: Kish
Post Number: 37843
Registered: 02-2008
Posted From: 68.180.94.217
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 05:11 pm: |
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Deenamma, ee thaadulendhi, inni inni posts endhi?
DB mottham lo panikimaalinodini nenu okkadine unnaana?
Prathi okkadu financial plannings, investments chesthunte nenu intlo pellam, pillalaki vanta vandi pedthunna!
Too depressing yaa DB these days! Time to hang my boots! 
||  || PK || JP || MODI || CBN || SACHIN || DHONI || JDLN || EENADU || HYDERABAD || |
Jalsa
Megastar
Username: Jalsa
Post Number: 24405
Registered: 02-2008
Posted From: 159.53.46.140
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 05:05 pm: |
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Andhrawala uncle,
Are these FCNR deposits FDIC insured?
I have an existing account with Karur Vysya Bank. I was planning to use FCNR with them. If it's not guaranteed, some govt bank like SBH or SBI better emo ani. |
Okahyderabadi
Side Hero
Username: Okahyderabadi
Post Number: 4407
Registered: 12-2009
Posted From: 157.130.154.114
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 04:46 pm: |
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Pipeline:its all notional, only impacts if you are moving out to a cheaper city. I am not going to sell anytime soon, so it doesn't matter. value on paper increased for sure. now it is a sellers market (it was same when we bought 10 years ago) and the present value would be around $550k. We have spent about $120k in total renovation so far
I agree just heard about canadian RE appreciation
In history there is no such thing as the last word on any subject research leads to new things every day |
Jalsa
Megastar
Username: Jalsa
Post Number: 24404
Registered: 02-2008
Posted From: 159.53.46.140
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 04:40 pm: |
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Bump for Raju goru...waiting for that email |
Okahyderabadi
Side Hero
Username: Okahyderabadi
Post Number: 4405
Registered: 12-2009
Posted From: 157.130.154.114
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 04:29 pm: |
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Rebel:
Cost is a major factor however the % shift is ~5%, increasing online courses might be a solution that might reduce some costs for going to college.
In history there is no such thing as the last word on any subject research leads to new things every day |
Rebel
Hero
Username: Rebel
Post Number: 12107
Registered: 02-2008
Posted From: 151.151.109.24
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 04:16 pm: |
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Fewer parents helping to pay for college -
http://money.cnn.com/2014/06/26/pf/college/parents-college/i ndex.html?iid=HP_LN |
Pipeline
Side Hero
Username: Pipeline
Post Number: 9358
Registered: 05-2009
Posted From: 161.141.1.1
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 04:00 pm: |
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Okahyderabadi:oh did not know that but I am sure Canadian Real estate mkt is pretty hot and your home value might have increased a lot since the time you brought it
its all notional, only impacts if you are moving out to a cheaper city. I am not going to sell anytime soon, so it doesn't matter. value on paper increased for sure. now it is a sellers market (it was same when we bought 10 years ago) and the present value would be around $550k. We have spent about $120k in total renovation so far |
Jalsa
Megastar
Username: Jalsa
Post Number: 24401
Registered: 02-2008
Posted From: 159.53.110.141
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 03:57 pm: |
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Rajusk:iger ni choosi fox vaatha pettukondi type syndrome loki digaku...although easier said than done
hehe, discipline lekapoyina, forced discipline avuthundhi, so vaakey |
Jalsa
Megastar
Username: Jalsa
Post Number: 24400
Registered: 02-2008
Posted From: 159.53.78.140
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 03:56 pm: |
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Gotcha:I am guessing ur using flexible spending acount to cover ur medical expenses, u will save tax on those.
Yes.
Jodhaa:HSA undha meeku?
eligibility, yes. But signed up for FSA. |
Jodhaa
Megastar
Username: Jodhaa
Post Number: 28604
Registered: 02-2008
Posted From: 69.174.58.124
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 03:54 pm: |
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Jalsa:
HSA undha meeku? |
Rajusk
Legend
Username: Rajusk
Post Number: 31520
Registered: 02-2008
Posted From: 170.74.56.82
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 03:51 pm: |
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Jalsa:At least till this medical stuff winds down, can't afford a house anukuntunna regardless of pachha patram.
good decision...go by what you feel comfortable with..
tiger ni choosi fox vaatha pettukondi type syndrome loki digaku...although easier said than done |
Gotcha
Hero
Username: Gotcha
Post Number: 16312
Registered: 02-2008
Posted From: 69.120.57.21
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 03:45 pm: |
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I am guessing ur using flexible spending acount to cover ur medical expenses, u will save tax on those.
This Andhra real estate is for sale. |
Jalsa
Megastar
Username: Jalsa
Post Number: 24397
Registered: 02-2008
Posted From: 159.53.110.141
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 03:41 pm: |
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Jalsa:
Especially, with single income, very tough now.
okahyder seppinattu edho savings choosukovali. |
Jalsa
Megastar
Username: Jalsa
Post Number: 24396
Registered: 02-2008
Posted From: 159.53.110.141
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 03:40 pm: |
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Rajusk:ee lekkalu anni vinadaniki baaguntayi..kaani aa mortgage kattadaniki rekkalu mukkal avuthai..
so take a calculated jump..patram chethilo untundi inko 1 year lo anukonte..please wait..piece of mind anna untundi
This is what my thought process is. Antha property tax + mortgage payment + [townhome fee] + household expenses tho dhoola teerio. At least till this medical stuff winds down, can't afford a house anukuntunna regardless of pachha patram. |
Rajusk
Legend
Username: Rajusk
Post Number: 31516
Registered: 02-2008
Posted From: 170.74.56.82
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 03:04 pm: |
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Gotcha:if u and ur wife makes more than 200k then deductions on ur house might not help much unless those deductions bring ur income below 200k anukunta.
so if u r earning between 100 to 150k, definitely go for the house. the deductions u might get are following:
12k on interest
10k on property tax
4000 for gifts,donations etc to india
so u can claim atleast 26k deductions on ur salary, so if ur salsary is 150k, ur taxable salsary will be 124k.
on top of it add ur dependedts and then see if u will get any benefit
@Jalsa,
ee lekkalu anni vinadaniki baaguntayi..kaani aa mortgage kattadaniki rekkalu mukkal avuthai..
so take a calculated jump..patram chethilo untundi inko 1 year lo anukonte..please wait..piece of mind anna untundi |
Amayakudu
Junior Artist
Username: Amayakudu
Post Number: 30
Registered: 01-2014
Posted From: 159.245.32.2
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:45 pm: |
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Illu konala vadda..?
ani alochinchevallu okkasaari ee link chadivithe koncham clarity vasthundi.
http://patrick.net/housing/crash1.html
http://patrick.net/housing/crash2.html
http://patrick.net/housing/crash3.html
My 2 cents!! |
Rebel
Hero
Username: Rebel
Post Number: 12105
Registered: 02-2008
Posted From: 151.151.109.24
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:26 pm: |
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illu konevallaki
10 Least Stressed Out Cities - http://money.cnn.com/gallery/pf/2014/06/25/least-stressed-ou t-cities/index.html?iid=HP_LN
10 Most Stressed Out Cities - http://money.cnn.com/gallery/pf/2014/06/25/most-stressed-out -cities/index.html |
Reentry
Side Hero
Username: Reentry
Post Number: 3093
Registered: 06-2009
Posted From: 65.198.163.148
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:21 pm: |
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Rising baa
Yes - reorg will be done favorable to TDP this time.. Chittoor lo puthalapattu ni general chesthaaru..
naa maata vini start groud work atleast from 2016 .. okka sari MLA ayi ADHYAKSHAAA anadam lo unna kickku america lo enni mansions unnaa raadhu baa..
POWER POWER POWER anthe- |
Nanigadu
Hero
Username: Nanigadu
Post Number: 13042
Registered: 02-2008
Posted From: 32.97.110.58
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:19 pm: |
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@Pipeline:Canada lo no deduction on either of those. we get zilch in tax breaks
----
naku adey navvosthadi, US lo vallaki vunnani breaks manakundavu
on top of it, expenses ekkuva
peaceful country ani bathikesthunnam kani |
Risingstar
Legend
Username: Risingstar
Post Number: 32666
Registered: 08-2008
Posted From: 192.175.182.94
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:15 pm: |
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Reentry:FTE on h1B extra income ettaa thechukovaalo cheppandi? maa company lo OT ledhu.. just comp off anthe
English tutions start cheyyu
Reddy is not casete "its way of life" - Gootle annai on Sunday 29th March 2009 |
Risingstar
Legend
Username: Risingstar
Post Number: 32665
Registered: 08-2008
Posted From: 192.175.182.94
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:14 pm: |
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Reentry:
 repu re-org loo inko 50 mla seats add avuthayanta AP loo
Reddy is not casete "its way of life" - Gootle annai on Sunday 29th March 2009 |
Gotcha
Hero
Username: Gotcha
Post Number: 16311
Registered: 02-2008
Posted From: 8.19.193.14
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:14 pm: |
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Vjawarrior:
its shady but few of them claim.
This Andhra real estate is for sale. |
Vjawarrior
Side Hero
Username: Vjawarrior
Post Number: 6253
Registered: 02-2014
Posted From: 153.2.247.30
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:12 pm: |
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Gotcha:4000 for gifts,donations etc to india
can this be claimed by anyone? Likie if we send atleast 4k to india every year...can we claim it as gift deduction? |
Gotcha
Hero
Username: Gotcha
Post Number: 16310
Registered: 02-2008
Posted From: 8.19.193.14
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:11 pm: |
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so logic in my previous example
what is tax deducted for 150k and
what is tax deducted for 128k, that difference is ur saving in property tax u will be paying. hopefully this is clear.
This Andhra real estate is for sale. |
Gotcha
Hero
Username: Gotcha
Post Number: 16309
Registered: 02-2008
Posted From: 8.19.193.14
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:08 pm: |
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Jalsa:ayithe illu konteney best antaar!
if u and ur wife makes more than 200k then deductions on ur house might not help much unless those deductions bring ur income below 200k anukunta.
so if u r earning between 100 to 150k, definitely go for the house. the deductions u might get are following:
12k on interest
10k on property tax
4000 for gifts,donations etc to india
so u can claim atleast 26k deductions on ur salary, so if ur salsary is 150k, ur taxable salsary will be 124k.
on top of it add ur dependedts and then see if u will get any benefit
This Andhra real estate is for sale. |
Ustad
Hero
Username: Ustad
Post Number: 19058
Registered: 07-2008
Posted From: 172.249.154.102
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 02:05 pm: |
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Reentry:FTE on h1B extra income ettaa thechukovaalo cheppandi?
maa company lo OT ledhu.. just comp off anthe
Vjawarrior ki oka calling thread veyyi...tana deggara 100's of ideas unnayi.
Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
|
Okahyderabadi
Side Hero
Username: Okahyderabadi
Post Number: 4403
Registered: 12-2009
Posted From: 157.130.154.114
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:59 pm: |
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Jalsa:ayithe illu konteney best antaar!
over to Raju garu
In history there is no such thing as the last word on any subject research leads to new things every day |
Reentry
Side Hero
Username: Reentry
Post Number: 3089
Registered: 06-2009
Posted From: 65.198.163.148
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:55 pm: |
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Okka Hyderabad annai
FTE on h1B extra income ettaa thechukovaalo cheppandi?
maa company lo OT ledhu.. just comp off anthe |
Reentry
Side Hero
Username: Reentry
Post Number: 3088
Registered: 06-2009
Posted From: 65.198.163.148
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:55 pm: |
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Pipeline saaru
300K house aa? i think u missed a zero it should be 3000K
maree modesty ekkuvandi meeku |
Reentry
Side Hero
Username: Reentry
Post Number: 3086
Registered: 06-2009
Posted From: 65.198.163.148
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:53 pm: |
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Rising baa
naa maat vinu ee coolie bathuku vaddhu
samara simha reddy laa undaalsinodivi.. abbulu life enduku..
Kurnool TDP lo super vacuum undhi.. Ground work start cheyyi.. 2019 lo MLA gaa poti cheyyi- either ministry or some corporation head.. life zingaa daala..
mee TAGDV vaallu ninnu chief guest gaa pilichi dandesthaaru.. |
Okahyderabadi
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Username: Okahyderabadi
Post Number: 4399
Registered: 12-2009
Posted From: 157.130.154.114
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:52 pm: |
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Pipeline:Canada lo no deduction on either of those. we get zilch in tax breaks
oh did not know that but I am sure Canadian Real estate mkt is pretty hot and your home value might have increased a lot since the time you brought it
In history there is no such thing as the last word on any subject research leads to new things every day |
Pipeline
Side Hero
Username: Pipeline
Post Number: 9357
Registered: 05-2009
Posted From: 161.141.1.1
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:50 pm: |
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Risingstar:
I am not complaining, just comparing anthe |
Risingstar
Legend
Username: Risingstar
Post Number: 32661
Registered: 08-2008
Posted From: 192.175.173.94
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:47 pm: |
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Pipeline: Canada lo no deduction on either of those. we get zilch in tax breaks
100's of thousands bonus theesukune meeku kooda tax deduction enduku mastaru 
Reddy is not casete "its way of life" - Gootle annai on Sunday 29th March 2009 |
Ustad
Hero
Username: Ustad
Post Number: 19053
Registered: 07-2008
Posted From: 172.249.154.102
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:44 pm: |
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Jalsa:Ustadu nuvvu kooda homeowner aa?
Last week move-in.
Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
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Jalsa
Megastar
Username: Jalsa
Post Number: 24393
Registered: 02-2008
Posted From: 159.53.46.140
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:42 pm: |
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ayithe illu konteney best antaar!
Ustadu nuvvu kooda homeowner aa? |
Ustad
Hero
Username: Ustad
Post Number: 19052
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Posted From: 172.249.154.102
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:37 pm: |
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Pipeline:aadiki gift isthe nenekkada vundali, road meedana? aadiki inka 4 years time vundiga, edo down payment ki help cheddam le. that's more than enough. manaki evadichadu? own ga bathakadam nerpali, mana meede depend avatam alavaatu chesthe manam sache daaka work cheyyali
Well said.
Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
|
Pipeline
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Username: Pipeline
Post Number: 9356
Registered: 05-2009
Posted From: 161.141.1.1
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:25 pm: |
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Okahyderabadi:The following are tax deductible
Interest on Mortgage
Property Taxes
Canada lo no deduction on either of those. we get zilch in tax breaks |
Pipeline
Side Hero
Username: Pipeline
Post Number: 9355
Registered: 05-2009
Posted From: 161.141.1.1
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:23 pm: |
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Risingstar: meeku house taxes elaa untayu?
about $4k per year
Andhrawala:I didnt expect u have that big son.
will u be arnd 45 or 50 years
I am 43 and got marries and my son is 19 |
Okahyderabadi
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Username: Okahyderabadi
Post Number: 4398
Registered: 12-2009
Posted From: 157.130.154.114
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:22 pm: |
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Jalsa:Gotcha cheppinattu, if you pay off your loan, is it still deductible?
real estate taxes are , but you have more money to be spent on other investments including investment rental homes
In history there is no such thing as the last word on any subject research leads to new things every day |
Jalsa
Megastar
Username: Jalsa
Post Number: 24392
Registered: 02-2008
Posted From: 159.53.110.143
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:11 pm: |
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Rajusk:don't treat house as investment..if you think you need the space..you have two choices:
1. Rent a bigger space ..but that money goes into the drain..once you move out
2. Buy a house...even if you have to move out for whatever reason after 5 years..you get something back..plus Kids enjoy a lot, when they have bigger space..specially in NE where winters force them to stay at home
another angle..no one discos in DB, is immigration status..which is also important(given my experiences) and adds to uncertainity
Ok, investment ani antuntey I was calculating how much the house should appreciate by! Of course, you'll have equity on your home, which you don't while renting.
Kaani aa property taxes choostuntey, antha payment kattalemu anipisthundhi raju goru. |
Andhrawala
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Username: Andhrawala
Post Number: 32102
Registered: 03-2008
Posted From: 152.51.56.1
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:10 pm: |
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Risingstar:aayanaki balya vivaham
Telangana biddadaaa?
No Signature |
Jalsa
Megastar
Username: Jalsa
Post Number: 24391
Registered: 02-2008
Posted From: 159.53.110.143
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:09 pm: |
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Okahyderabadi:These are on top of standard deductions
so easy ga oka ~20k will be tax deductible
Oh, that's nice to know. On top of standard anedi theleedhu.
Gotcha cheppinattu, if you pay off your loan, is it still deductible? |
Rajusk
Legend
Username: Rajusk
Post Number: 31515
Registered: 02-2008
Posted From: 170.74.56.82
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:07 pm: |
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Risingstar:. illu anedhi enjoying seyyaneeka..
kids enjoy the space most..
manam rythu koolie sangham..podduna pothe..late evening intiki vastham..ekkada unna pedda farak padadu..but kids have more room to enjoy.. |
Gotcha
Hero
Username: Gotcha
Post Number: 16308
Registered: 02-2008
Posted From: 8.19.193.14
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:03 pm: |
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Siloan:
remember mortgage loan is a different kind of loan, they can not come after ur other things if u r foreclosed. ur credit history is bad and ur house is gone, ante, migatavi effect avavu but if u took Home Equity on that house they can come after ur other financial instruments anukunta.
This Andhra real estate is for sale. |
Risingstar
Legend
Username: Risingstar
Post Number: 32655
Registered: 08-2008
Posted From: 192.175.182.94
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:01 pm: |
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Rajusk:aa amount bigger space ki manam katte..current/water/gas/maintenance bills ki equate avuthundi at the end of the year.. Tax breaks soosukoni illu konte..anthe sangathulu..
yes unkul you are right.. illu anedhi enjoying seyyaneeka..
Reddy is not casete "its way of life" - Gootle annai on Sunday 29th March 2009 |
Siloan
Legend
Username: Siloan
Post Number: 42386
Registered: 03-2008
Posted From: 132.174.20.41
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:01 pm: |
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Gotcha:generally speaking property taxes meeda u get 2.5 percent back. to get back 2.5% u have to keep paying interest on ur loan. higher the interest u r paying higher is ur deduction.
so if u payoff ur loan there is no interest so there is no deductible and u wont get back property tax, so how is it justifiable to paydown ur loan.
Catching enti ante ..payoff sheyakapothe ... Credit score lo maraka attage vuntadi kada...appudu ...other loans (needed aithe for personal/CC/biziness)...
etta padataav? |
Gotcha
Hero
Username: Gotcha
Post Number: 16307
Registered: 02-2008
Posted From: 8.19.193.14
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:01 pm: |
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Gotcha:to get back 2.5%
read it as 25%, manam katte property tax lo 25% enaki vastundi through ur deductions
This Andhra real estate is for sale. |
Gotcha
Hero
Username: Gotcha
Post Number: 16306
Registered: 02-2008
Posted From: 8.19.193.14
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 01:00 pm: |
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interest is higher if ur loan is in initial stages or if you keep refinancing. U pay high interest intially and low interest towards the end of the term, every time u refiance ur graph is reset and u end up paying high interest.
So either keep refiancing or keep moving every few years to a bigger home if u want tax deductions.
This Andhra real estate is for sale. |
Rajusk
Legend
Username: Rajusk
Post Number: 31513
Registered: 02-2008
Posted From: 170.74.56.82
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:59 pm: |
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Risingstar: manam kattina taxes loo min 30% save avuddi anukuntunna nenu..
aa amount bigger space ki manam katte..current/water/gas/maintenance bills ki equate avuthundi at the end of the year..
Tax breaks soosukoni illu konte..anthe sangathulu.. |
Risingstar
Legend
Username: Risingstar
Post Number: 32654
Registered: 08-2008
Posted From: 192.175.182.94
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:58 pm: |
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Andhrawala:I didnt expect u have that big son. will u be arnd 45 or 50 years
 aayanaki balya vivaham
Reddy is not casete "its way of life" - Gootle annai on Sunday 29th March 2009 |
Risingstar
Legend
Username: Risingstar
Post Number: 32653
Registered: 08-2008
Posted From: 192.175.182.94
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:57 pm: |
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Jalsa:Antha amount kaduthu, mortgage payment chestu (at least for 5 yrs at min to pay off), entha appreciate avvaali, to treat house as an investment? Also, ee property taxes + interest are tax deductible antaru, but, is it on top of the standard exemptions we get? for a family of four, this standard exemptions come to ~20K kadhaa...
manam unde house ni investment laaga chudakoodadhu.. home anedhi luxury or necessity. investment homes antee manam extra afford cheyyagaligi undi konchem rents vache houses.. manam kattina taxes loo min 30% save avuddi anukuntunna nenu..
Reddy is not casete "its way of life" - Gootle annai on Sunday 29th March 2009 |
Okahyderabadi
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Username: Okahyderabadi
Post Number: 4396
Registered: 12-2009
Posted From: 157.130.154.114
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:57 pm: |
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Rajusk:don't treat house as investment..if you think you need the space..you have two choices:
1. Rent a bigger space ..but that money goes into the drain..once you move out
2. Buy a house...even if you have to move out for whatever reason after 5 years..you get something back..plus Kids enjoy a lot, when they have bigger space..specially in NE where winters force them to stay at home
another angle..no one discos in DB, is immigration status..which is also important(given my experiences) and adds to uncertainity
I do agree immigration status is a dampener but a home is definitely an investment, especially if you have it in a decent city and with a good mortgage rate.
In history there is no such thing as the last word on any subject research leads to new things every day |
Gotcha
Hero
Username: Gotcha
Post Number: 16305
Registered: 02-2008
Posted From: 8.19.193.14
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:54 pm: |
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Jalsa:
generally speaking property taxes meeda u get 2.5 percent back. to get back 2.5% u have to keep paying interest on ur loan. higher the interest u r paying higher is ur deduction.
so if u payoff ur loan there is no interest so there is no deductible and u wont get back property tax, so how is it justifiable to paydown ur loan.
This Andhra real estate is for sale. |
Andhrawala
Legend
Username: Andhrawala
Post Number: 32101
Registered: 03-2008
Posted From: 152.51.56.1
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:54 pm: |
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Jalsa:Naaku idhey pedhha drawback anipisthundhi. Oka decent area lo house choostey (at least in NJ) 8k-9K dhaaka unnai property taxes for a 2 br townhouse!!!
Antha amount kaduthu, mortgage payment chestu (at least for 5 yrs at min to pay off), entha appreciate avvaali, to treat house as an investment?
5 years lo home loan elaa payoff sesthaaru samee.
ivvala repu around 400-500K homes kathaaa. yearly 100K kattali plus taxes kathaaa. how isut possible
No Signature |
Okahyderabadi
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Username: Okahyderabadi
Post Number: 4395
Registered: 12-2009
Posted From: 157.130.154.114
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:51 pm: |
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Jalsa:
These are on top of standard deductions
so easy ga oka ~20k will be tax deductible
In history there is no such thing as the last word on any subject research leads to new things every day |
Andhrawala
Legend
Username: Andhrawala
Post Number: 32100
Registered: 03-2008
Posted From: 152.51.56.1
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:51 pm: |
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Pipeline:btw, he is working a summer job now after first year engg. in fact the pay is not bad.. it will cover his next year's fee
so meeru Santoor Daddy ana maata.
I didnt expect u have that big son.
will u be arnd 45 or 50 years
No Signature |
Rajusk
Legend
Username: Rajusk
Post Number: 31512
Registered: 02-2008
Posted From: 170.74.56.82
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:51 pm: |
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Jalsa: to treat house as an investment?
don't treat house as investment..if you think you need the space..you have two choices:
1. Rent a bigger space ..but that money goes into the drain..once you move out
2. Buy a house...even if you have to move out for whatever reason after 5 years..you get something back..plus Kids enjoy a lot, when they have bigger space..specially in NE where winters force them to stay at home
another angle..no one discos in DB, is immigration status..which is also important(given my experiences) and adds to uncertainity |
Okahyderabadi
Side Hero
Username: Okahyderabadi
Post Number: 4394
Registered: 12-2009
Posted From: 157.130.154.114
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:50 pm: |
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Jalsa:Naaku idhey pedhha drawback anipisthundhi. Oka decent area lo house choostey (at least in NJ) 8k-9K dhaaka unnai property taxes for a 2 br townhouse!!!
Antha amount kaduthu, mortgage payment chestu (at least for 5 yrs at min to pay off), entha appreciate avvaali, to treat house as an investment?
Also, ee property taxes + interest are tax deductible antaru, but, is it on top of the standard exemptions we get? for a family of four, this standard exemptions come to ~20K kadhaa...
The following are tax deductible
Interest on Mortgage
Property Taxes
In history there is no such thing as the last word on any subject research leads to new things every day |
Jalsa
Megastar
Username: Jalsa
Post Number: 24390
Registered: 02-2008
Posted From: 159.53.174.141
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:47 pm: |
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Risingstar:meeku house taxes elaa untayu?
Naaku idhey pedhha drawback anipisthundhi. Oka decent area lo house choostey (at least in NJ) 8k-9K dhaaka unnai property taxes for a 2 br townhouse!!!
Antha amount kaduthu, mortgage payment chestu (at least for 5 yrs at min to pay off), entha appreciate avvaali, to treat house as an investment?
Also, ee property taxes + interest are tax deductible antaru, but, is it on top of the standard exemptions we get? for a family of four, this standard exemptions come to ~20K kadhaa... |
Andhrawala
Legend
Username: Andhrawala
Post Number: 32099
Registered: 03-2008
Posted From: 152.51.56.1
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:46 pm: |
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Pipeline:
aadiki gift isthe nenekkada vundali, road meedana? aadiki inka 4 years time vundiga, edo down payment ki help cheddam le. that's more than enough. manaki evadichadu? own ga bathakadam nerpali, mana meede depend avatam alavaatu chesthe manam sache daaka work cheyyali
How old is ur son??
No Signature |
Risingstar
Legend
Username: Risingstar
Post Number: 32651
Registered: 08-2008
Posted From: 192.175.182.94
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:43 pm: |
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Pipeline:manaki evadichadu? own ga bathakadam nerpali, mana meede depend avatam alavaatu chesthe manam sache daaka work cheyyali
 meeku house taxes elaa untayu?
Reddy is not casete "its way of life" - Gootle annai on Sunday 29th March 2009 |
Jalsa
Megastar
Username: Jalsa
Post Number: 24389
Registered: 02-2008
Posted From: 159.53.110.143
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:43 pm: |
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Andhrawala:
thanks, 5 Yrs ki aa interest rate... May be i'll split my deposits into different terms. |
Pipeline
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Username: Pipeline
Post Number: 9352
Registered: 05-2009
Posted From: 161.141.1.1
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:42 pm: |
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Risingstar:
btw, he is working a summer job now after first year engg. in fact the pay is not bad.. it will cover his next year's fee |
Okahyderabadi
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Username: Okahyderabadi
Post Number: 4392
Registered: 12-2009
Posted From: 157.130.154.114
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:41 pm: |
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Pipeline:aadiki gift isthe nenekkada vundali, road meedana? aadiki inka 4 years time vundiga, edo down payment ki help cheddam le. that's more than enough. manaki evadichadu? own ga bathakadam nerpali, mana meede depend avatam alavaatu chesthe manam sache daaka work cheyyali
good one
In history there is no such thing as the last word on any subject research leads to new things every day |
Pipeline
Side Hero
Username: Pipeline
Post Number: 9350
Registered: 05-2009
Posted From: 161.141.1.1
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:39 pm: |
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Risingstar:Pipankulu, mee abbayu grad gipt kinda house presenting aa
aadiki gift isthe nenekkada vundali, road meedana? aadiki inka 4 years time vundiga, edo down payment ki help cheddam le. that's more than enough. manaki evadichadu? own ga bathakadam nerpali, mana meede depend avatam alavaatu chesthe manam sache daaka work cheyyali |
Risingstar
Legend
Username: Risingstar
Post Number: 32650
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Posted From: 192.175.182.94
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:36 pm: |
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Pipankulu, mee abbayu grad gipt kinda house presenting aa 
Reddy is not casete "its way of life" - Gootle annai on Sunday 29th March 2009 |
Paleo
Junior Artist
Username: Paleo
Post Number: 6
Registered: 08-2013
Posted From: 166.137.191.27
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:27 pm: |
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The analysis is for X =15 and Y = 30
But change X= 5 or 7 or 8 or 9 fundamentals are the same do the math
Depends on your individual profile how fin savvy or investment capabilities and risk appetite |
Andhrawala
Legend
Username: Andhrawala
Post Number: 32098
Registered: 03-2008
Posted From: 152.51.56.1
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:25 pm: |
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Jalsa:Andhrawala, which bank gives 5% for FCNR? This way I can repatriate the amount whenever i need.
Andhra Bank giving currently
USD 2.53 [2.55] 2.52 [2.56] 3.91 [4.02] 4.29 [4.45] 4.62 [4.81]
http://andhrabank.in/english/ServiceCharges.aspx#nre
currently 4.62%
last year I got arounfd 5.4% anukuntaa
No Signature |
Jalsa
Megastar
Username: Jalsa
Post Number: 24387
Registered: 02-2008
Posted From: 159.53.110.143
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:16 pm: |
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Andhrawala:Put in India in FCNR account. will give around 5% interest.
Okahyderabadi:priorities should be -
- to knock off that 500 payment
- to see if you can take up additional income work
You can work towards the payments by the following
If you are very conservative
- put that 1000 in a program that returns ~10% and sit back until you pay off the car
- if you have to buy an extra car, do not buy a new one for gods sake.
If you are moderate convervative
pay extra $200 towards Car principle each month, blindly put that remaining 800 in something that returns you 10% atleast , suggestions by some people in this DB are put in India FD, I would do that as you have security of return, I would never invest in risky returns at this point as you are spread thin.
thank you.
I already have 2 FD's with 2 different banks, but in Indian currency. I just left it to accumulate. Ikkada ye bank or CD lo pettina emi raadhu kadha, andhukey certain amount stocks lo pettaanu (< 10% of savings). Remaining ekkada pettali ani choostunna.
Andhrawala, which bank gives 5% for FCNR? This way I can repatriate the amount whenever i need. |
Okahyderabadi
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Username: Okahyderabadi
Post Number: 4389
Registered: 12-2009
Posted From: 157.130.154.114
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:10 pm: |
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Pipeline:I have started with 300k mortgage in 2005. at that time interest rate was 4.5% for 5 year fixed term and based on a 25 year amortization. I have renewed it in 2010 for 3.75% again for fixed 5 year term but 15 year amortization this time. I broke it in 2012, paid about $1,700 penalty and moved to a different bank which offered 2.89% for 5 year fixed term. This time I asked for 6 year amortization. I have used the prepay option without penalties and going to be mortgage free in 6 to 7 months from now. overall it took 10 years to get out of it.
nice strategy, timing is important here
In history there is no such thing as the last word on any subject research leads to new things every day |
Okahyderabadi
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Username: Okahyderabadi
Post Number: 4388
Registered: 12-2009
Posted From: 157.130.154.114
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Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 12:09 pm: |
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Jalsa:adhi sarey, naa sangathenti, aha naa sangathentiiiiiiiiiiiiiii :P
ome questions so we can see the options
Is your income stable ? As long as I have the job, yes
Do you own a home or rent? rent
How much car loan (apprx payment)? 500 p/m. Still 2.5 yrs left, 1.99% APR
what other payments you have (apprx) usual monthly bills and medical bills
How much savings you can have after these? minimal - oka 1K max
do you have your reserves (monthly expenses times 6 months) ? Yes
Determine your networth
tammudu I saw your stats today morning
So you have a car loan of ~15k ( 500 * 30) with a 1.99 interest rate
You can save 1000k pm after expenses
you are spread thin but some options
priorities should be -
- to knock off that 500 payment
- to see if you can take up additional income work
You can work towards the payments by the following
If you are very conservative
- put that 1000 in a program that returns ~10% and sit back until you pay off the car
- if you have to buy an extra car, do not buy a new one for gods sake.
If you are moderate convervative
pay extra $200 towards Car principle each month, blindly put that remaining 800 in something that returns you 10% atleast , suggestions by some people in this DB are put in India FD, I would do that as you have security of return, I would never invest in risky returns at this point as you are spread thin.
Another option would be if you wanted to invest in US only
Use : LOYAL3 ( I use it)
It gives free trade - yes free but with some limitations but you can buy more than one stock partially kind of nested egg.Put $300 every month towards buying few , save the rest $500 in something that returns 10% like India suggestion.
In few years you will have built up a good portfolio
Key is to stay focused ,disciplined
}
In history there is no such thing as the last word on any subject research leads to new things every day |
Andhrawala
Legend
Username: Andhrawala
Post Number: 32096
Registered: 03-2008
Posted From: 152.51.56.1
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 11:50 am: |
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Jalsa:
I can, but, I was thinking of paying it off, as I might need that extra money for monthly instead of digging into savings ani. But, what's the point of moeny in savings if it's not generating any money?
Put in India in FCNR account. will give around 5% interest.
currently my housing loan here is 3% on balance of 118K
put my savings stash in Indian Banks
No Signature |
Pipeline
Side Hero
Username: Pipeline
Post Number: 9349
Registered: 05-2009
Posted From: 161.141.1.1
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 11:42 am: |
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I have started with 300k mortgage in 2005. at that time interest rate was 4.5% for 5 year fixed term and based on a 25 year amortization. I have renewed it in 2010 for 3.75% again for fixed 5 year term but 15 year amortization this time. I broke it in 2012, paid about $1,700 penalty and moved to a different bank which offered 2.89% for 5 year fixed term. This time I asked for 6 year amortization. I have used the prepay option without penalties and going to be mortgage free in 6 to 7 months from now. overall it took 10 years to get out of it. |
Moviebuff001
Junior Artist
Username: Moviebuff001
Post Number: 62
Registered: 06-2013
Posted From: 34.254.119.222
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 11:30 am: |
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Paleo:
Sounds like 15/15 ARM with low APR would be a good option here.
First 15 years, low APR untundi. Then it will go up by a maximum of 5%. But if he plans well and pays extra preminum each year, he may end up paying off the loan sooner than expected. |
Risingstar
Legend
Username: Risingstar
Post Number: 32647
Registered: 08-2008
Posted From: 192.175.182.94
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 11:25 am: |
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Paleo:
super bro chlaa spastamga neat gaa cheppar
Reddy is not casete "its way of life" - Gootle annai on Sunday 29th March 2009 |
Jalsa
Megastar
Username: Jalsa
Post Number: 24386
Registered: 02-2008
Posted From: 159.53.110.140
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 11:13 am: |
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Okahyderabadi:
adhi sarey, naa sangathenti, aha naa sangathentiiiiiiiiiiiiiii :P |
Okahyderabadi
Side Hero
Username: Okahyderabadi
Post Number: 4386
Registered: 12-2009
Posted From: 157.130.154.114
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 11:04 am: |
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Paleo:Guys - saw this thread, please do not generalize paying mortage is the best...here is a detailed analysis, depends on your descipline and investment capabilities..Hope this helps
5 case scenario
OK let us take these scenarios:
Dinesh wants a 200K loan. Options are 30 year or a 15 year mortgage.
We will start with 4.00% interest rate for both the 30 year loan and the 15 year loan for simplicity. Later in case #6 (also case #3), I will take on a more realistic case where interest rate for 15 year loan is lower.
CASE 1: Affordability:
Payment on 30 year loan will be $954.83 which we round to $955 a month.
Payment on a 15 year loan will be $1479.38 which we round to $1479 a month.
The difference in 2 payment is 524 a month and if this extra money causes hardship for Dinesh, then the choice is simple and clear that Dinesh must go for a 30 year loan. No tax or other financial considerations matter here.
CASE 2: Mental Comfort key and Discipline:
Payment on 30 year loan will be $954.83 which we round to $955 a month.
Payment on a 15 year loan will be $1479.38 which we round to $1479 a month.
15 year loan monthly payment is $524 per month more than 30 year loan payment.
Dinesh can afford the extra payment without concerns of liquidity.
Dinesh's critieria is mental comfort and want to pay off the loan. Whenever Dinesh has a loan, even if he has other assets, he does not feel mentally comfortable. Dinesh is a disciplined person.
In this case, the approach suggested by member Old Spice in this post makes sense. Selection here is 30 year loan but keep making the extra payments.
CASE 3: Mental Comfort key and Discipline and 15 year interest rate is better than 30 year case:
Interest rate on 30 year loan X%.
Interest rate on a 15 year loans is less than X% (how less is immaterial).
Dinesh can afford the extra payment without concerns of liquidity.
Dinesh's critieria is mental comfort and want to pay off the loan. Whenever Dinesh has a loan, even if he has other assets, he does not feel mentally comfortable. Dinesh is a disciplined person.
Dinesh is going to pay off the loan in 15 years even if he has a 30 year loan by making extra payments, but in above case locking himself to 15 years gets him a lower interest rate and thus saves him some money to boot, so in that case selecting 15 year loan makes the most sense.
CASE 4: Mental Comfort key but not disciplined to make extra payments on schedule:
Payment on 30 year loan will be $954.83 which we round to $955 a month.
Payment on a 15 year loan will be $1479.38 which we round to $1479 a month.
15 year loan monthly payment is $524 per month more than 30 year loan payment.
Dinesh can afford the extra payment without concerns of liquidity.
Dinesh's critieria is mental comfort and want to pay off the loan. Whenever Dinesh has a loan, even if he has other assets, he does not feel mentally comfortable. Because Dinesh is not disciplined and he may use the excess money for some other extravagances, it is best that he lock himself into a 15 year loan and hence select 15 year loan.
CASE 5: Financial Criteria key - Mental Comfort comes to Dinesh from knowing he is making financially sound decisons:
Payment on 30 year loan will be $954.83 which we round to $955 a month.
Payment on a 15 year loan will be $1479.38 which we round to $1479 a month.
15 year loan monthly payment is $524 per month more than 30 year loan payment.
Dinesh can afford the extra payment without concerns of liquidity.
Dinesh is disciplined to develop an AAP and DCAs $524 every month into an investment plan for the next 15 years. He is willing to take some risk in equities and forgo the risk free repayment of principal in favor of long term investments. He is willing to adjust the AAP to lower risk every year as years go by and at the end of 15 years take the money out and payoff the remaining mortgage with it. With this approach, while there is some risk, there is a high degree of probability that Dinesh will have money left over after 15 years after paying of the remaining mortgage balance.
So in this case, the mortgage choice is a 30 year loan.
=========================
Now a more REALISTIC scenario where the interest rate on a 15 year loan is lower by at least 0.2% than on a 30 year loan.
CASE 6: Financial Criteria key - Mental Comfort comes to Dinesh from knowing he is making financially sound decisons:
Interest rate on 30 year loan = 4.00%
Interest rate on 15 year loan = 3.70% (check bankrate.com or other sites for actual interest rate differential)
Payment on 30 year loan will be $954.83 which we round to $955 a month.
Payment on a 15 year loan will be $1449.49 which we round to $1450 a month.
15 year loan monthly payment is $495 per month more than 30 year loan payment.
Dinesh can afford the extra payment without concerns of liquidity.
Since Dinesh is comparing choices, his one choice is 30 year loan a 4% interest.
Should Dinesh decide to go with 15 year loan, he has to pay $495 more per month towards principal. This means he is saving the 4% interest on that money if we are comparing to 30 year case. In addition to saving that 4% on his principal repayment, by selecting to pay extra $495 per month towards principal, he also gets 0.3% (4.00% minus 3.70%) interest savings on the entire loan amount >> 0.3% of 200,000 is $600 or $50 a month.
$50 return on the $495 on top of the 4% return all in just one month looks fantastic but is a bit deceiving. Next month the savings will still be $50 approximately, but his outlay would be 495 times 2. So it turns out that during the first year, extra principal contributed is approximately $6643. And savings in interest the first year are 707. This looks like a 10.6% return but since all of the 6643 payment is not made during first month but distributed throught the year, it is more like a 15% return. This shrinks to about 9% or so the next year and somewhat lower the next and so on till the saving is only 4% the final year. And all this is risk free return. To me, this is great return.
In this case, the choice is clearly 15 year loan.
If the interest rate differential is smaller than 0.2%, then it becomes like case #5 to me and I would in that case be willing to risk some and follow suggestions in case #5.
If the differential in interest rates is 0.2% or greater, I would go for a 15 year loan.
Of course some calculations on the return in case 6 are approximations. I could have done a cash flow analysis but that would be more time consuming, so I did more like a back of the envelople calcs.
pretty good analysis , I like your research and discipline
In history there is no such thing as the last word on any subject research leads to new things every day |
Pipeline
Side Hero
Username: Pipeline
Post Number: 9348
Registered: 05-2009
Posted From: 68.147.231.162
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 07:51 am: |
|
Paleo:
ikkada ye term loan better ani discuss cheyatam ledu. Debt vs debt free annadi discussion. Interest entha kattina that's the amount going out of your pocket. Fast ga loan kattesthe free cash flow tho income generating investments chesukovachu ani ikkada vignula advice. |
Jalsa
Megastar
Username: Jalsa
Post Number: 24379
Registered: 02-2008
Posted From: 47.20.5.96
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, June 26, 2014 - 03:56 am: |
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Bump |
Paleo
Junior Artist
Username: Paleo
Post Number: 5
Registered: 08-2013
Posted From: 50.185.240.86
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, June 25, 2014 - 11:15 pm: |
|
Guys - saw this thread, please do not generalize paying mortage is the best...here is a detailed analysis, depends on your descipline and investment capabilities..Hope this helps
5 case scenario
OK let us take these scenarios:
Dinesh wants a 200K loan. Options are 30 year or a 15 year mortgage.
We will start with 4.00% interest rate for both the 30 year loan and the 15 year loan for simplicity. Later in case #6 (also case #3), I will take on a more realistic case where interest rate for 15 year loan is lower.
CASE 1: Affordability:
Payment on 30 year loan will be $954.83 which we round to $955 a month.
Payment on a 15 year loan will be $1479.38 which we round to $1479 a month.
The difference in 2 payment is 524 a month and if this extra money causes hardship for Dinesh, then the choice is simple and clear that Dinesh must go for a 30 year loan. No tax or other financial considerations matter here.
CASE 2: Mental Comfort key and Discipline:
Payment on 30 year loan will be $954.83 which we round to $955 a month.
Payment on a 15 year loan will be $1479.38 which we round to $1479 a month.
15 year loan monthly payment is $524 per month more than 30 year loan payment.
Dinesh can afford the extra payment without concerns of liquidity.
Dinesh's critieria is mental comfort and want to pay off the loan. Whenever Dinesh has a loan, even if he has other assets, he does not feel mentally comfortable. Dinesh is a disciplined person.
In this case, the approach suggested by member Old Spice in this post makes sense. Selection here is 30 year loan but keep making the extra payments.
CASE 3: Mental Comfort key and Discipline and 15 year interest rate is better than 30 year case:
Interest rate on 30 year loan X%.
Interest rate on a 15 year loans is less than X% (how less is immaterial).
Dinesh can afford the extra payment without concerns of liquidity.
Dinesh's critieria is mental comfort and want to pay off the loan. Whenever Dinesh has a loan, even if he has other assets, he does not feel mentally comfortable. Dinesh is a disciplined person.
Dinesh is going to pay off the loan in 15 years even if he has a 30 year loan by making extra payments, but in above case locking himself to 15 years gets him a lower interest rate and thus saves him some money to boot, so in that case selecting 15 year loan makes the most sense.
CASE 4: Mental Comfort key but not disciplined to make extra payments on schedule:
Payment on 30 year loan will be $954.83 which we round to $955 a month.
Payment on a 15 year loan will be $1479.38 which we round to $1479 a month.
15 year loan monthly payment is $524 per month more than 30 year loan payment.
Dinesh can afford the extra payment without concerns of liquidity.
Dinesh's critieria is mental comfort and want to pay off the loan. Whenever Dinesh has a loan, even if he has other assets, he does not feel mentally comfortable. Because Dinesh is not disciplined and he may use the excess money for some other extravagances, it is best that he lock himself into a 15 year loan and hence select 15 year loan.
CASE 5: Financial Criteria key - Mental Comfort comes to Dinesh from knowing he is making financially sound decisons:
Payment on 30 year loan will be $954.83 which we round to $955 a month.
Payment on a 15 year loan will be $1479.38 which we round to $1479 a month.
15 year loan monthly payment is $524 per month more than 30 year loan payment.
Dinesh can afford the extra payment without concerns of liquidity.
Dinesh is disciplined to develop an AAP and DCAs $524 every month into an investment plan for the next 15 years. He is willing to take some risk in equities and forgo the risk free repayment of principal in favor of long term investments. He is willing to adjust the AAP to lower risk every year as years go by and at the end of 15 years take the money out and payoff the remaining mortgage with it. With this approach, while there is some risk, there is a high degree of probability that Dinesh will have money left over after 15 years after paying of the remaining mortgage balance.
So in this case, the mortgage choice is a 30 year loan.
=========================
Now a more REALISTIC scenario where the interest rate on a 15 year loan is lower by at least 0.2% than on a 30 year loan.
CASE 6: Financial Criteria key - Mental Comfort comes to Dinesh from knowing he is making financially sound decisons:
Interest rate on 30 year loan = 4.00%
Interest rate on 15 year loan = 3.70% (check bankrate.com or other sites for actual interest rate differential)
Payment on 30 year loan will be $954.83 which we round to $955 a month.
Payment on a 15 year loan will be $1449.49 which we round to $1450 a month.
15 year loan monthly payment is $495 per month more than 30 year loan payment.
Dinesh can afford the extra payment without concerns of liquidity.
Since Dinesh is comparing choices, his one choice is 30 year loan a 4% interest.
Should Dinesh decide to go with 15 year loan, he has to pay $495 more per month towards principal. This means he is saving the 4% interest on that money if we are comparing to 30 year case. In addition to saving that 4% on his principal repayment, by selecting to pay extra $495 per month towards principal, he also gets 0.3% (4.00% minus 3.70%) interest savings on the entire loan amount >> 0.3% of 200,000 is $600 or $50 a month.
$50 return on the $495 on top of the 4% return all in just one month looks fantastic but is a bit deceiving. Next month the savings will still be $50 approximately, but his outlay would be 495 times 2. So it turns out that during the first year, extra principal contributed is approximately $6643. And savings in interest the first year are 707. This looks like a 10.6% return but since all of the 6643 payment is not made during first month but distributed throught the year, it is more like a 15% return. This shrinks to about 9% or so the next year and somewhat lower the next and so on till the saving is only 4% the final year. And all this is risk free return. To me, this is great return.
In this case, the choice is clearly 15 year loan.
If the interest rate differential is smaller than 0.2%, then it becomes like case #5 to me and I would in that case be willing to risk some and follow suggestions in case #5.
If the differential in interest rates is 0.2% or greater, I would go for a 15 year loan.
Of course some calculations on the return in case 6 are approximations. I could have done a cash flow analysis but that would be more time consuming, so I did more like a back of the envelople calcs. |
Jalsa
Megastar
Username: Jalsa
Post Number: 24378
Registered: 02-2008
Posted From: 47.20.5.96
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, June 25, 2014 - 10:11 pm: |
|
Maverick: why dont u shift to dcu..1.24 istadu..enta taggina tagginatte..
I can, but, I was thinking of paying it off, as I might need that extra money for monthly instead of digging into savings ani. But, what's the point of moeny in savings if it's not generating any money? |
Jalsa
Megastar
Username: Jalsa
Post Number: 24377
Registered: 02-2008
Posted From: 47.20.5.96
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, June 25, 2014 - 10:05 pm: |
|
Tombrady:crores and millions ani vuncle..dentlo kooda booths vetikava chess
vammo, ee angle lo naa aa quechen.... |
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