Posted by: moneyindia on: January 19, 2007
Is your money lazing around ?
Or is it working systematically for you ?
In General…
Money lies idle because……….
we think
I must have a substantial amount before I invest
I am waiting for the “right time” to invest
Instead when you invest through SIP, you will
1. Invest every month and make your money work right away
2. Avoid the mistake of trying to buy at the “right time”
3. Buy through bullish and bearish phases thus averaging your cost
4. Avoid panic sales
5. Invest as little as Rs.500 / Rs.1000 per month
Benefits of SIP :
Benefit 1 : Become a disciplined Investor. Investing is a marathon and not a 100m dash ! Do it brick by brick
Benefit 2 : Reach your financial goals. If you want to buy a car and do not know where the down payment is going to come
from, SIP is a perfect tool
Benefit 3 : Take advantage of Rupee Cost Averaging (see example)
Benefit 4 : Take advantage of Power of Compounding (see example)
Benefit 5 : Do all this efforlessly by signing an application form & with ECS