Most of us do start many investments but not all of us are able to complete that. I do try my best to complete what I start, it does feel great to see the amount at the last. I do SIP (Systematic investment plan) and RD (Recurring Deposit) a lot some are for my small goals and some are for my long-term goals. I have seen that sometimes it is really hard to maintain the installment but I did try my best to continue the installments. I am grateful that I am able to do that for more than one year, to be honest, the results are not that satisfying this far but I am sure in the long term there are gonna give me a good return no doubt about that.
Made Via canva
It is really hard to get a good profit in short-term investment if you are gambling then the case is a bit different for sure. Trading can do the same you can get rich and poor in a few hours. SIP seems to be a good way to invest even if the market is up or down that is not going to affect you anymore. If the market is down you are going to have benefited from that. A few of my friends do trade in crypto as we all do know how volatile the crypto market is, last week my friend lost a good amount in the future and option. I have used that too I lose my money there too as well. Now I dont use it you should only invest only if you are good at that, I am not good at that and I know that so I quit that.
There are so many ways to invest your money, I have seen that if you have money then banks do visit you. You don't even have to visit banks, banks do visit you. I have seen this with my boss, the bankers came to visit him and suggest to invest here and there, believe me, not one bank. money does make you a bit power from the rest of the people and that is true and this is how things work here, sad but true.
It is not really an easy task to be regular towards your investment but if you can manage to do that then sure the results are really good in the long term for sure. If you do manage to save at least 5k INR (61 USD) per month then in a year you will save 60k (734 USD) in one year and if you invest this amount of money for 10 years with a rate of interest of only 7 % (that is a decent number), then you will get around 8,70,472 INR(that will be 10,650 USD) in 10 years that is a decent amount you can save money and you will earn interest of 2,70,472 INR (3,309 USD) which is good too. You can change the number, interest, and years from here spi calcultor and find yourself how you can earn if you do invest regularly and see the benefits in the long term.
thanks what do you think?
