Have you ever thought about how much money you could lose if you wait too long to start investing? According to an announcement by WhiteOak Mutual Fund, waiting to start a Systematic Investment Plan (SIP) can cost you a lot in the long run.
Imagine this: If you started investing Rs 10,000 every month in the BSE Sensex between January 2008 and December 2024, you would have put in a total of Rs 20.4 Lakh. By the end of that period, your investment would be worth Rs 72.1 Lakh! That’s a really good return!
Now, let’s say you started your SIP later, in March 2009, when the market was at its lowest. You would have invested Rs 19.0 Lakh, which is Rs 1.4 Lakh less than the first investor. Your total value would be Rs 61.7 Lakh, which is Rs 10.5 Lakh less than the first person. So, even though the percentage return is a little better for the later investor, the first person made a lot more money overall.
What this tells us is that when you start investing can really change how much money you make. It’s super hard to guess the perfect time to start, so it’s best to stick to your plan. If you’re not sure what to do, make a checklist of things to think about before changing your investment strategy.
Always remember, just because something did well in the past, doesn’t mean it will do well in the future.
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