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datta.supratik
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Joined: 23/Apr/2010
Location: India
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Posts: 235
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 Posted: 07/Sep/2013 at 7:46pm |
That is quite a long term
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koolvalue
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Joined: 30/Apr/2011
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Posts: 379
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 Posted: 07/Sep/2013 at 10:44pm |
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Monkey
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Joined: 21/Aug/2009
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Posts: 770
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 Posted: 07/Sep/2013 at 8:52am |
If someone in his thirties can set aside a small sum today, say this year's Diwali bonus, and do not touch it, this money can have time of about 50 years to compound in that person's lifetime. Such a long time, if invested well, can create a fortune for next generation.
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manishdave
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Joined: 05/Aug/2006
Location: India
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Posts: 1371
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 Posted: 07/Sep/2013 at 10:01am |
What if rupee keeps compounding against USD!! Everyone will become Karodpati without much effort! Garibi Hatao will come true.
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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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 Posted: 08/Sep/2013 at 1:10pm |
Originally posted by Monkey
If someone in his thirties can set aside a small sum today, say this year's Diwali bonus, and do not touch it, this money can have time of about 50 years to compound in that person's lifetime. Such a long time, if invested well, can create a fortune for next generation.
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Equities is the only way to of that but here you know how much affect a five week fall has on us do fifty years.. .....
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Monkey
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Joined: 21/Aug/2009
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Posts: 770
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 Posted: 08/Sep/2013 at 2:26pm |
Originally posted by basant
Originally posted by Monkey
If someone in his thirties can set aside a small sum today, say this year's Diwali bonus, and do not touch it, this money can have time of about 50 years to compound in that person's lifetime. Such a long time, if invested well, can create a fortune for next generation.
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Equities is the only way to of that but here you know how much affect a five week fall has on us do fifty years.. ..... |
I agree. Equities is only way to do this and if someone is aiming to take advantage of compounding then patience with investments is pre-requisite.
I have been doing a small experiement in this regard since last couple of years. Every month on salary day, I keep aside 1% of my intended monthly savings for such long term investments, say for family legacy or say a family wealth fund. This 1% does not even register in day to day life. I kept buying Page. It has become reasonable amount today and I am sure if I keep doing it, it will swell into something big. Ofcourse, Page has performed well in last two years and it has been easy to ride. Just hoping that I will keep getting reasonable returns in future.
And this can be done in many ways like keeping aside annual bonus or keeping aside cash gifts children receive on their birthday and at the time of festivals. All these small accumulations can go a long way.
Edited by Monkey - 08/Sep/2013 at 2:33pm
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basant
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Posts: 18403
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 Posted: 08/Sep/2013 at 3:47pm |
If you think good advice is expensive try a bad one!
Originally posted by koolvalue
Basant corner's fees are overtaking all known asset classes in compounding even beating multibaggers basant sir pls don't take seroiusly but this is feeling of AAM TED INVESTOR |
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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rajnsharma
Senior Member
Joined: 31/Jul/2009
Location: India
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Posts: 1202
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 Posted: 08/Sep/2013 at 6:15pm |
Originally posted by basant
If you think good advice is expensive try a bad one!
Originally posted by koolvalue
Basant corner's fees are overtaking all known asset classes in compounding even beating multibaggers basant sir pls don't take seroiusly but this is feeling of AAM TED INVESTOR |
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Absolutely....In just 5 years I am sitting comfortable with a very small start. I never ever though that I could have such a corpus. It is just because of good advice from TED and then BC.
Cheap advice will remain cheap like cheap stocks(Unitech, Suzlon and others who fall in their category). They are cheap because they deserve to be there.
Edited by rajnsharma - 08/Sep/2013 at 6:16pm
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Wall Street makes money by it's activity, while you can make money by your in-activity - Warren Buffett
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