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Systematic investment plans bring the benefits of compounding. The trick here is to give it time. Investors can fully realise the power of compounding if they start early and stick with their SIPs.
Always remember that one must start saving and investing as early as possible to reap benefits once you take control of your financial destiny.
Markets by their very nature are impossible to predict. With all the known information already factored in, it is extremely difficult to forecast where things will move next in the short term.
Living post an age, where income is not possible or is a trickle, can be a fairly tricky thing. Hence, you need to plan for retirement early.
Focus on your money matters can help you prepare better for the dream of financial freedom.
Retirement planning needs some serious thought in your working life. You have to plan well for your retirement taking into account multiple factors.
In an interview to CNBC-TV18, Harshvardhan Roongta, Roongta Securities shared his reading and outlook on the power and benefits of compounding from a financial planning perspective.
RETIREMENT need not be only about gardening and reading. If planned for, it can be the best stage of your life, without children that need attention and loans that need paying.
Simply put, compounding refers to the re-investment of income at the same rate of return to constantly grow the principal amount, year after year.
