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Essay heading: Youth Must Invest
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September 24, 2005 |
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2 / 499 |
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Most of the people are unaware about power of compounding.
According to Albert Einstein: “Compounding is mankind’s greatest invention because it allows for the reliable, systematic accumulation of wealth.”
The sooner we start, makes the difference. We should start SIP (systematic investment plans) at an early age to benefit from the power of compounding... displayed 300 characters
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at fixed intervals, say, monthly or quarterly.
Even we may start at as little as Rs 500 per month.
4. Set objective
This should be starting point of any investment plan. We should split the objective in short term, medium term and long term.
Some examples are like buying an electronic gadget (short-term), planning for higher studies (medium term) and planning for house (long-term)... displayed next 300 characters
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