Most of us know that investing as much as possible, as often as possible and leaving it invested as long as possible is the ONLY secret to good investing. We did not learn this directly, but we learnt compounding which taught us that 'n' was more important than 'r' simply because n was in the Power of the equation!
If you have no clue about investing and you come from a family that has never invested, it is sensible to get an advisor. Get an advisor who has 10-12 years of experience at least. He or she will keep you grounded in a bull market and build up your courage in a bear market. Think of him as a Financial Coach to whom you can turn for all your money questions.
This story is from the September 23, 2024 edition of The Morning Standard.
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This story is from the September 23, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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