Avoid The Distraction, Just Compound!
Start Your SIP in Mutual Funds.
Managing your hard-earned money is mostly about how long you compound it?
Many investors often get distracted by the short term gains from different asset classes or investment products.
90% of them are those who don’t even know or track their financial transactions to ascertain exactly at which rate they are compounding their wealth.
Just by going through short-term gain numbers and satisfying yourself by saying your investments are doing good or you’re doing good – Doesn’t mean you’re actually doing any good.
Compounding Is Simple, But Not Easy
Say your portfolio compounds at 7% then Rs.100 will become Rs.200 in 10 Years and Rs.400 in 20 Years.
And, If your portfolio Compounds at 12% then Rs.100 will become Rs.200 in 6 Years and Rs.400 in 12 Years.
For Compounding Your Wealth you don’t have any other option except to give it TIME.
Yes, the more time you give your portfolio to compound the more exponentially it will grow.
Become a Good Investor
To become a good investor, you have to ask yourself this question that how to stay away from distractions that stops you from compounding your wealth.
Just stay away from decisions that distract you from becoming a long term investor. All you need to focus is on how you are going to compound your money longer and at which rate.
Returns are not in your Control, But Time & Risk Is – Control Them!
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Hi, I’m Managing Director at Gurpreet Saluja Financial Services where I help my investors to invest in mutual funds and achieve their financial goals. I’m also a Value Investor and here I write about Personal Finance & Investing.
