INVESTMENT REFLECTIONS - DSCFINANCIALS
Sometimes we have to go back to basics to unfold complex mysteries. We all had learnt the following formula for computing the Amount using compound interest formula in our schooldays.
To increase wealth, i.e., (A) we have to just understand the various variables in the above formula. (P) the principal is defined by the amount you invest, (r) the rate of interest/return is not in your hands but how much time (t) you remain invested is in your hands and is the key to growing wealth. As (t) is at an exponential position, the impact is immense.
So to create wealth be a long term investor.
As is often quoted - To create wealth, `Time in’ the market is much more important than `Timing’ the market.