julienmarin
New member
Hi All,
I would like to get input from others who maybe in similar situation as me. I'm currently in US and dont know if I will settle here or come back to India . Hence, I'm splitting saving between US & India.
I have a home loan for an apartment in India which I'm paying with every lumpsum I get.
I'm contributing 2.5% to 401K here & my employer matches it (they will match upto 4 %).
I have some MF investment going thru SIP (about 30k) under mother's name in India. I plan to do another MF in US (Vanguard Admiral is what I have in mind for low expense reasons).
Does this plan good ? What are the factors I need to be aware of. Would be great to get feedback.
** Update ::: **
Thanks to all feedback. This is where I stand.
Increased 401K (traditional) to 4% (max employer will match). Changed the default investment Target XXXX to US LRG CAP EQ for expense ratio (.4 Vs .03). Down the lane; I may switch to Target.
Opened an Roth IRA (for better liquidity as I can withdraw after 5yr) with Fidelity (same provider as 401k).
My India investment is pretty straightforward 1 x LRG CAP (Mirae Asset India Equity) 1 x Mid Cap (Mirae Asset Emerging Bluechip) 1 x Small Cap (L&T Emerging Business) in the ratio of 75:12.5:12.5 L:M:S.
I would like to get input from others who maybe in similar situation as me. I'm currently in US and dont know if I will settle here or come back to India . Hence, I'm splitting saving between US & India.
I have a home loan for an apartment in India which I'm paying with every lumpsum I get.
I'm contributing 2.5% to 401K here & my employer matches it (they will match upto 4 %).
I have some MF investment going thru SIP (about 30k) under mother's name in India. I plan to do another MF in US (Vanguard Admiral is what I have in mind for low expense reasons).
Does this plan good ? What are the factors I need to be aware of. Would be great to get feedback.
** Update ::: **
Thanks to all feedback. This is where I stand.
Increased 401K (traditional) to 4% (max employer will match). Changed the default investment Target XXXX to US LRG CAP EQ for expense ratio (.4 Vs .03). Down the lane; I may switch to Target.
Opened an Roth IRA (for better liquidity as I can withdraw after 5yr) with Fidelity (same provider as 401k).
My India investment is pretty straightforward 1 x LRG CAP (Mirae Asset India Equity) 1 x Mid Cap (Mirae Asset Emerging Bluechip) 1 x Small Cap (L&T Emerging Business) in the ratio of 75:12.5:12.5 L:M:S.