The majority of individuals who have significantly increased their wealth in recent years have used the stock market as a means of investment. Equity has generated returns of 11% over five years, 17% over ten, 13.6% over fifteen, and 12.9% over twenty. Equity investment may be the greatest option if you also want to multiply your money by ten times, but there are a few things to keep in mind. The CEO of Marketmojo, Dr. Mohit Batra, is informing you of these details.
1. Returns over 9% are necessary.
With an inflation rate of 6.3% on average, any investment below 9% will cause your wealth to decline rather than increase. Consequently, only put money into assets that have an annual return of greater than 9%.
2. Speak with a qualified advisor.
Not everyone is able to monitor their finances around the clock. Therefore, you should either become a professional investor yourself or follow a professional advisor’s guidance.
3. Ignore your fear of volatility.
With the exception of the Great Depression, a bear market, or a market in decline, lasts for a maximum of six months, but most investors pull their money out of the market out of fear of losses. Avoid doing that.
4. Investor doesn’t stop working
Always continue to invest. At the age of 15, Warren Buffett began his career in finance. He currently possesses assets of 8 lakh crores at the age of 92. Buffett wouldn’t have had even 0.001% of his current riches if he had retired at age 60.
5. Investment wealth will not enhance savings
Given rising inflation, your savings may be worth zero over a period of time, while the return on investment keeps on increasing the wealth.
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