401k Investment!!! Is it Good thing for guys planning to to go back Homecountry

[qwertyisback]

The reason is exactly that the poor people in the world world countries are too miserable so that the middle class can take advantage of that.
Here in the USA, even a professor only makes 3 or 4 times as much as
a nanny but in poor countries a middle class workers can make 10-20
times more as nannies there. Thus you can afford to hire nannies, servants
but in the USA you can not.

Things are changing now. But why you need nanny ?? All new technologies are available there, you don't need it unless you want it.

 

[AmericanWannabe]

Things are changing now. But why you need nanny ?? All new technologies are available there, you don't need it unless you want it.

I just tried to use that to illustrate my points.

 

[schandrag]

Real Canadian
Your posts are usually thoughtful but you are mistaken here.

Yes, the US has safegaurds re investment etc., However I think most people posting here have no experience with investing large sums of money anywhere in the world.
As an awoved capitalist and free marketeer but also a proud Indian. I can tell you that the SEBI (securities and exchange board of India) is a very effective regulatory agency. I am a third generation investor in my family and we have prospered by investing wisely in the Indian markets (without bribery or being connected etc. yes honest people who invest wisely can prosper in India)and now in the US . It is the misperception harbored by most Indians who have experiecnced govt corruption - that the sock market is corrupt too. Also pensions and retiremnet vehicles are well designed and protected.
I am irked by people who do not know the Indian economy, its size ,strenght , importance in the world markets/economy and its amazing diversity and strength and make these statements.

 

[TheRealCanadian]

It is the misperception harbored by most Indians who have experiecnced govt corruption - that the sock market is corrupt too. Also pensions and retiremnet vehicles are well designed and protected. I am irked by people who do not know the Indian economy

Fair enough. I claim to have no particular knowledge about Indian stocks, beyond pointing out that the American markets tend to have the broadest and strictest disclosure requirements, and largest liquidity. All of which benefits investors. There are certain markets in Canada where I would scrupulously avoid purchasing listings in (like Vancouver) and industries (junior mining stocks).

I will suggest as well that the general principles I have outlined should still apply despite my lack of specifc knowledge about different countries and marketplaces.

If you are comfortable with the Indian (or any other) marketplace providing you the level of security, transparency and effective legal redress and higher returns, by all means move your money there. I've parked 25% of my IRA in South Asian equities; just through a US-based (and regulated) fund.

Does this clarify my position?

 

[Bindaas]

If you work for 10 years, then you can get SS retirement benefits even
if you leave the states

But I got to be Citizen, right? And on top of it, things that I am hearing now a days, even some Americans will have problem claiming SS money. Getting SS Money will be a nightmare because of the Baby Boomer issue.

 

[TheRealCanadian]

But I got to be Citizen, right?

No. If you contribute, you can get the money - the SSA has the nitty-gritty on their site.

And on top of it, things that I am hearing now a days, even some Americans will have problem claiming SS money.

Social Security is merely one component of a well-rounded strategy towards financial independence. You should not count on any one part. That being said, my expectation is that in 2040 when we are all retired we may have reduced SS benefits, but it'll still be there.