One of the common fallacy of Investing is that people lose out on the actual act of investing in their quest for “where to invest?” . As I write this Gold is at its peak and Everyone is behind the Gold Mutual Funds & Gold Exchange Traded Funds. The key in Investing is not to Time the Market , but to be Systematic
As has been emphasized in these posts, Wealth Building is more about discipline than about money. So, Research enough to find out an Investment mode that you are comfortable with and start investing Systematically for a peroid of atleast 3-5 years.
If its Mutual Fund register for a Systematic Investment Plan.
If its Stocks set aside an amount every month and invest
If its Bank Fixed Deposits use the Recurring Deposits or use Fixed Deposit Laddering
Your Goal should be use the “Snow Ball effect” to build wealth through systematic investing.
As has been emphasized in these posts, Wealth Building is more about discipline than about money. So, Research enough to find out an Investment mode that you are comfortable with and start investing Systematically for a peroid of atleast 3-5 years.
If its Mutual Fund register for a Systematic Investment Plan.
If its Stocks set aside an amount every month and invest
If its Bank Fixed Deposits use the Recurring Deposits or use Fixed Deposit Laddering
Your Goal should be use the “Snow Ball effect” to build wealth through systematic investing.
Comments