SIPping is a marathon and time makes a big difference: Radhika Gupta
SIP, Radhika Gupta, CEO of Edelweiss Mutual Fund, shares some interesting data that may help investors decide on their next course of action.
She posted on social media, «Since we are all trying to decipher whether to stop, start, time, or play the dip with something as simple as an SIP, here’s some interesting data that may help.»
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-118145927»>According to the post by the CEO, SIPping is a marathon, and time makes a big difference. Gupta shares an image that emphasizes it's not the speed (high returns) in a marathon (investing) that matters, but the persistence that matters more for a fruitful result. Let your SIP compound and never give up midway through your investing journey.
“Enduring through tough days and months, and collecting those units at a cheaper price, makes a big difference to your returns,” the CEO shares. Along with the post, Radhika Gupta shared an image that reads: investors who stayed invested when the market fell sharply eventually gained when the markets bounced back.
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