Starting your SIPs late?
Never mind
How SIPs can help your achieve your financial goals even when you start investing late
In investing, if you start early, you can build
substantial wealth over time and achieve your goals easily.But what if you are middle-aged already and
haven't started investing? Is your opportunity gone?
Don't lose heart. While you can't turn the wheel of time backword, you can still achieve your goals by being disiplined and prudent. If you are starting late, your investment strategy should have two legs: inventing a higher amount systematically and channelling your old inventments into equity. Equilt beats other inventment classes over the long term and is even more crucial when you have limited time at hand.
But a word of caution: with equity, keep a long-term horizon. Equity is volatile in the short term, so don't panic if the market falls. Invest through SIPs.
SIPs ensure the you average out your investment cost over time, which improves your return.
Never mind
How SIPs can help your achieve your financial goals even when you start investing late
In investing, if you start early, you can build
haven't started investing? Is your opportunity gone?
Don't lose heart. While you can't turn the wheel of time backword, you can still achieve your goals by being disiplined and prudent. If you are starting late, your investment strategy should have two legs: inventing a higher amount systematically and channelling your old inventments into equity. Equilt beats other inventment classes over the long term and is even more crucial when you have limited time at hand.
But a word of caution: with equity, keep a long-term horizon. Equity is volatile in the short term, so don't panic if the market falls. Invest through SIPs.
SIPs ensure the you average out your investment cost over time, which improves your return.
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