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Most investors start their investment journey around age 30 after marriage and kids.
Encourage your kids to start saving their pocket money.
If at age 20, an individiual starts saving Rs. 5000 per month at 15 percent return and stays invested for 40 years, at the age of 60, he will have more than 15 crore rupees.
However, starting the same investment journey at 30 years will yield about 3.5 crores. So cost of procrastination is more than 12 crores rupees.
Idea of starting investment early is really good because CAGR plays a vital role. But this linear return of 15% during such a long term is incomprehensible.,
ABSL mutual one of Greatest performance& tradition image of company
Excellent. Wish everyone understands this and acts accordingly.
