Quotes and Notes
While investing one must remember that Risk and Reward are two sides of the same coin.
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Making money should not be considered a sin. While you make money, it also directly or indirectly create jobs for others.
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3 habits stopping you from becoming rich
• Procrastination “I can’t afford to invest right now. I’ll do it next year once the company reinstates bonuses.” Sounds familiar?
• Taking useless advice Cynicism isn't a particularly positive attribute, but it has its place. Be cynical of tips when it comes to investing. In fact, it makes sense to avoid them altogether. Tips are for waiters, not investors.
• Avoiding equity Investors can fall short of their financial goals for many reasons--key among them is under saving. But even if you are saving sufficiently but not giving the savings a chance to grow, you could be high on shortfall risk.
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While investing one must remember that Risk and Reward are two sides of the same coin.
" Only buy something that you would be happy to hold if the market shut down for 10 years ". --warren Buffett
" Your financial statement is your report card after you leave school. It measures how smart you are financially. " -- R. Kiyosaki
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Will you believe the advantage of SIP and power of compounding? An investment of as small as Rs 5000 per month could fetch you Rs 90.00 lakh approx at the end of 20 years. Your actual investment will be Rs 12.00 lakh. However as a disclaimer, market risks are there and may influence final figures by small percentages here and there.
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