Investing early is often emphasized by financial experts and advisors. For individuals in India, an emerging economy with an evolving financial landscape, starting investments early can be a game changer. Early investment not only allows investors to capitalize on long-term growth but also prepares them to handle market volatility and maximize the benefits of compounding.
Power of compounding In investment, compounding is often referred to as the "eighth wonder of the world." Compounding allows your money to grow by earning returns on both your initial investment and the gains it has already generated. This snowball effect can be profound, especially over long periods. For example, if you start investing at age 25 with a modest monthly investment of ₹5,000 at an assumed 12% annual return, by the time you're 60, you could have close to ₹3 crore.
Comparatively, if you start ten years later at 35, the same investment would yield only about ₹1.5 crore by age 60. The difference is striking, and it highlights how time, not just the amount invested, plays a pivotal role in wealth creation.
Diese Geschichte stammt aus der November 17, 2024-Ausgabe von The Free Press Journal.
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Diese Geschichte stammt aus der November 17, 2024-Ausgabe von The Free Press Journal.
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