Wealth Management
This site is dedicated to improving wealth management techniques. Over the years i have learnt that creating wealth is not as important as growing the wealth. The power of compounding.. remember??? Well stay tuned for more.Friday, December 30, 2005
Power of Compounding
Friends,
A quick note on what a saving of 3k per month invested in stocks would do (assuming an average return of 15% per annum) as compared to saving 3k per month in government bonds (assuming a return of 6% per annum)
Over a period of 10 years the stock investment would grow to Rs. 8.9 lacs as compared to the bonds investment growing to Rs. 4.9 lacs...... Just 3k and the change from bond to equity can cause such a huge alteration in your wealth.
Contact try2xl@yahoo.com for more info on the above.
A quick note on what a saving of 3k per month invested in stocks would do (assuming an average return of 15% per annum) as compared to saving 3k per month in government bonds (assuming a return of 6% per annum)
Over a period of 10 years the stock investment would grow to Rs. 8.9 lacs as compared to the bonds investment growing to Rs. 4.9 lacs...... Just 3k and the change from bond to equity can cause such a huge alteration in your wealth.
Contact try2xl@yahoo.com for more info on the above.
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