Friday, October 13, 2017
Being 'Lazy', Becoming Wealthy.
Why should you bank on your luck when there is a simple plan that could help you become wealthy? Your money should work harder than you.
A simple plan called Systematic Investment Plan (SIP) offered by mutual funds can do that. SIPs allow you to invest fixed amount of money every month in mutual funds.
It is easiest and laziest way to become ‘Wealthy’…
If you save Rs. 10,000 every month for the next 20 years, assuming a return of 12% per annum, you end up saving more than Rs. 1 Crore. That's right! You can be a ‘crorepati’ and that too without literally knowing it. (Above data for information only).
All you have to do is to be lazy and Just stay invested, In the mean time, there will be ups ups and downs in equity markets which will make the value of your investments fluctuate. But here your laziness will help.
The fixed investment amount of SIPs will buy more units when market is down. The reverse will happen when the markets are up. As a result, on an average, you will end up buying units at a reasonably low cost and can potentially make handsome gains over long periods of time.
Being Lazy by investing in Mutual Funds is actually good thing.
Nishit Siddharth Shah