Hey everyone,
Most of the posts here are from NRIs looking to Fatfire.
But is it possible for an Indian T1 MBA grad to do the same without leaving the country? Think top IIMs or ISB ?
I just can't understand how an Indian salaried employee working in India can reach the amounts seen here, even if they are cream of the crop.
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I am not a crypto guy but looking at continuous bear market in India, is crypto the best investment?
BTC is hovering at 60k dollars, and will likely reach 80 to 90k by year end, giving a 30 to 50% return. This is just a conservative estimate to where BTC was at the beginning of the year, and not all time high.
Even taking taxes of 34% into account, the net return on BTC will end up around 20 to 30%.
In comparison, Nifty is projected to reach 26k by the end of the year, which is a gain of less than 10%.
I am not counting direct investment in US stocks as these require TCS deduction and have a hard limit. And most foreign equity oriented mutual funds no longer accept new investments.