Have you invested in SIPs? let me know if you committed any of the mistakes mentioned in this video. Feel free also to share the best practices with investing in SIPs which you have adopted for the benefits of those watching
As a typical middle-class person from India, how many people had Rs.20,000 or even 10k per month to invest in a mutual fund in 2001! I don't think I know a single person who could have had that kind of money back then, my dad made Rs.6,500 per month in 2001. Being said that, I understand the crux of your message.
Yes in 2001 Rs 20 k was not common - Thanks for raising it. but I know folks who had it then. I worked for a mutual fund and then an IT co. , both these sectors had good pay. However, as you may have observed , I was talking about the future , how even 20 k can make crores. And these days I know young folks who invest Rs 1 lakh +. My goal was to be fair to all salary groups living currently. So it resonates with them and they will be motivated to invest Rs 10-20 K at least. I hope you have started your sip journey.
I won't suggest midcap and small cap - they are already over valued. Instead try flexi-cap (higher percentage) and large cap index funds (lower percentage)
I started working from 1993 in MF industry. However, those days there were no open ended funds and daily NAV nor SIP. I started investing in property in 1996 by taking a home loan (check my video: ua-cam.com/video/G9gqzeJQDzI/v-deo.html). I started investing in MFs from 1998/99 or so but would time the markets, buy and sell. Since 2012 I started SIPs , so almost 14 years I delayed SIPs.
Yes, you are right! technically speaking you stop SIPs but practically speaking salaries go up so you should try not stopping SIPs until the day your salary stops.
Have you invested in SIPs? let me know if you committed any of the mistakes mentioned in this video. Feel free also to share the best practices with investing in SIPs which you have adopted for the benefits of those watching
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As a typical middle-class person from India, how many people had Rs.20,000 or even 10k per month to invest in a mutual fund in 2001! I don't think I know a single person who could have had that kind of money back then, my dad made Rs.6,500 per month in 2001.
Being said that, I understand the crux of your message.
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Yes in 2001 Rs 20 k was not common - Thanks for raising it. but I know folks who had it then. I worked for a mutual fund and then an IT co. , both these sectors had good pay. However, as you may have observed , I was talking about the future , how even 20 k can make crores. And these days I know young folks who invest Rs 1 lakh +. My goal was to be fair to all salary groups living currently. So it resonates with them and they will be motivated to invest Rs 10-20 K at least. I hope you have started your sip journey.
Can we do lumpsum amount in this market fall in midcap and small cap .
Or it may correct still more
I won't suggest midcap and small cap - they are already over valued. Instead try flexi-cap (higher percentage) and large cap index funds (lower percentage)
When did you started working? And how many years did you delayed your sip?
I started working from 1993 in MF industry. However, those days there were no open ended funds and daily NAV nor SIP. I started investing in property in 1996 by taking a home loan (check my video: ua-cam.com/video/G9gqzeJQDzI/v-deo.html). I started investing in MFs from 1998/99 or so but would time the markets, buy and sell. Since 2012 I started SIPs , so almost 14 years I delayed SIPs.
Thumbnail copied from Akshat videos. But still keep going.. Amazing to start with..
Reducing sip make sense only if you've reached your goal I think....
Yes, you are right! technically speaking you stop SIPs but practically speaking salaries go up so you should try not stopping SIPs until the day your salary stops.
6th is best and 5th is worst
@adityajamwal6858, Yes! you are right on the best. The worst I have doubts! go back and check. I do agree 5th is a blunder.
Thank you very much anna, my SIP's have been on and off lately but this has given me back the motivation I needed.
Good! keep doing SIPs , don't give up