Thursday, August 4, 2016

Which Are The Best SIP to Invest 3000 per month for two years?

It is wonderful to hear you say that you want to invest 3000 per month in SIP. The second part however is disturbing me. Why only two years? Why not 20 or 30 or 50?
The ‘Law of Miracle of Compounding’ can work in your favour and make you rich only when you have such a longtime investment horizon.
My guru, Warren Buffett created his extraordinary wealth over four decades!

Over such long periods of investment it does not matter which SIP is better. All will do more or less equally well. Make sure the organisation is sound will be around in business, without going bankrupt, over such a long period.

Note: This is a reproduction of the question I had answered on the website ‘Quora’.

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