#shorts #Investing #Finance
The Only Secret for Successful Investing
Case 1: A person starts investing at the age of 20. He saves 5,000 each year and puts it into stocks and index funds, which provide 8% returns per year on average. At 30, he stops putting in more money, but keeps the fund invested.
Case 2: A person starts investing at age 30, the same sum each year. 5000 annually at 8% p.a. However, this person doesn’t stop after 10 years but keeps investing till the age of 65.
Who eventually made more money?
The guy who invested from 20 to 30 and then never again, landed a higher corpus than one who started late but kept investing for 35 years!
Rs 11,56,619/- in Case 1. And only Rs. 9,30,510/- in Case 2.
Thus, here are the most important factors in successful investing:
- start early
- stay invested for the longest possible time
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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.
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