Maximum % people think they can't start up with small amount and that's why maximum people not get satisfied in life. You can start SIP in mutual fund or in particular share which is fundamentally very strong. These small investment will give good returns which absolutely get amazing in longer term.
Start early, let the money grow itself and enjoy your retirement with luxury. When you have the ability to open an investment account, just do it! Don’t wait until a couple of years down the road. The worst part for me is I could have loaded up my investments during the recession and I would have made a killing up to this point. Buy low and sell high my friends!
Never ever bet on one thing in life, when you have choices why to keep money in one basket. Warren Buffet gave a brilliant message on investment, 'Never put all eggs in one basket'. When you start young and early go maximum for equity with highest risk, always diversify your portfolio. This one is the key to grow money with fastest way.
When you start early with any amount, you should hold for long term. I think you should be able to full fill ordinary routine goals of your life by your current work profile income and keep larger goals like Graduation / Post graduation of kids, Marriage of kids , world tour after 50 etc. I request you kindly do not get trap in shorter duration by overlooking valuation of your portfolio, just remember you have to wait for fund to accumulate for your larger goals. Simple way of teaching yourself is to learn the art of compounding.
MAGIC OF COMPOUNDING -
IF YOU INVEST Rs 5000 MONTHLY FOR NEXT 25 YEARS, PRINCIPLE AMOUNT BECOMES Rs 1,500,000 AND TOTAL INVESTMENT WILL BE Rs 14,682,718.
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