here is what I said on Cnbc TV…about investing in Mutual Funds….
there were 3 people asking questions…and clearly they were investing nice amounts for long periods of time. I think all 3 did not understand the POWER of compounding.
the first caller was investing Rs. 15000 pm for a period of 20 years..and wanted to know whether it would become Rs. 50L.
If you invest Rs. 36L over 20 years, surely it will become Rs. 50L….even if it is in the SB a/c!!
the power of SMALL numbers over VERY LONG periods of time (why I called my book Retire Rich: Invest Rs. 40 a day)…
here is the link…
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