Mr Compound

Value Investor| Financially independent at 31|Exploring market since 2016

[Mr Compound @compound_mr]

My Financial Journey
9 years ago, I started investing with one goal — financial freedom.
No luck, no timing — just patience and consistency.
Today, I’ve achieved FIRE with 50× my annual expenses.
Here’s my journey 👇
#FIRE #Investing #MutualFunds

[Mr Compound @compound_mr]

@practice_garden @IndiaNewGen No one is fool. Not all are high earners who pay much in income tax. Everybody is pitching for their self and we should pitch for income tax. BTW, Benefit of LTCG is not only for tax but it will bring positivity and boost the market returns that most people are targeting.

[Mr Compound @compound_mr]

@BaluGorade If budget permits ? How do you decide the budget. I am sure, you can even afford a Rolex. What system do you follow to decide budget for such purchases.

[Mr Compound @compound_mr]

@IndiaNewGen Please guide on how to kick them. 1% population that is affected can't create any major impact effectively.

[Mr Compound @compound_mr]

@IndiaNewGen True, but unfortunately there doesn't seem to be any solution to this.
Do we have any action plan ?

[Mr Compound @compound_mr]

@BaluGorade IMO that won't change anything, they will have same limited flexibility as they have in Flexi cap. Correct me if understanding is wrong.

[Mr Compound @compound_mr]

@IndiaNewGen Interest??

[Mr Compound @compound_mr]

@BaluGorade Is limit applicable on individual MFs or on AMC? I think it's on the AMC so total AUM matters.

[Mr Compound @compound_mr]

@nse_bse_mani @BaluGorade It depends on individual, for many a simple Nifty 50 Index fund is enough.

[Mr Compound @compound_mr]

@garvit_sethii Update your information, Gadkari is petroleum minister and Mr. Puri works under him.

[Mr Compound @compound_mr]

@investdunia1 That's a news to me. Then why doesn't he announce ethanol related decisions

[Mr Compound @compound_mr]

@ifOnlyKantala Scam to India me paida hote hi hi gya tha 😂

[Mr Compound @compound_mr]

@ifOnlyKantala Nothing for less than 5 hours 😜. For less than 5 years, nil gratuity, though you can negotiate a bonus from the company you are switching to.

[Mr Compound @compound_mr]

@IndiaNewGen Rightly said. Another window is before
marriage (22-30), though for many starting
salary is low. I was lucky — decent salary,
built a strong base early.

Now even if I spend everything I earn,
I'm still sorted.

That's the next level of peace.

[Mr Compound @compound_mr]

@Akshat_World @Akshat_World : Could you please guide on setting up 0% tax setup? Please share any article or blog link to understand this

[Mr Compound @compound_mr]

@InvestorOfJAMMU Yes, but in parallel, you need to have other income, as this fixed amount will not keep up with inflation. By other income, FD income will come in the taxable slab, so Equity MFs are best in this case.

[Mr Compound @compound_mr]

@BaluGorade I used to do the same, but it is taxed at 35% (though a very minor amount), so to avoid this, I now stop the SIP for that month when expenses are planned.

[Mr Compound @compound_mr]

@investdunia1 Of course, I built more and am building even further. It's a good starting point but not enough to retire, so invest in equity to beat inflation and keep working to cover your expenses and increase this pool.