Get Top latest market news, Stock Market Views, Stock Market Updates and analysis on stock, derivatives, commodity and IPO markets. Get all Stock market news, BSE, NSE, Sensex Nifty, world markets, Indian markets, stock recommendation, Dalal Street, Day trading, futures, options, SEBI, market news, Business and other Financial News.
most of the people often have question in there mind that when should i start my investment plan, but many people at early stage not able to take this decision and when they think of investing its too late after certain age limit.
just take some example to get better understanding of investing decision.
if you start investment at age of 18 with just rs. 1000 per month then your your annual investment would be 12000 rs. and till the age of 40 your total investment would be 2,64000 rs. and interest of 10% per month would be added extra and may gives you returns in multiples.
but if you start to invest at the age of 30 with rs. 1000 per month then your total investment would be rs. 1,20,000 at the age of 40 and 10% interest would be added to this.
above figures shows us that if you start investment at early age then your compounded capital would get multiply by higher number of times.
what are the main benefits if you start investment at early age
1. long periods gives you higher returns in terms of compounded interest.
2. it will provide more flexibility over a longer period, which may improve your spending power, standard of living and ultimately it can give you better and improved living.
3. starting at early age can give you better professional experience in longer time, and you may be able to get out of any financial problem very easily.
4. time is money so if you give your money longer time it will gives you better returns, lesser time may lead to some false decision of investing.
5. better life to your children’s, wife and your parents.
6. emotionally and mentally you may feel very relax when you enter above age of 40, lack of sufficient money may frustrate you in your old-age.
as per the above study and ours countries economic conditions concerns, we hope that this article will help many young blood who are having higher motives and goals in their life.
