Most of us, during our working lives, will think and worry whether we have saved / are saving save enough for retirement.
There are two answers for this Question.
1) Savings for retirement -Start early : If you start at age 20, you have to save $361 per month to hit $1 million at 65. If you wait until age 30, the number doubles to $700. Of course, if wait until 40 or 50, it is bad news.
2) Invest in wealth creating stocks, for faster wealth creation. If you place your savings in Equity Market, your retirement can be very early.
To create
wealth from equity markets one needs the mind-set of an investor. Remember that
when you buy a share, you are not just buying a financial instrument, but rather
you are becoming an owner in the business.
Some
quality shares if invested for long term can give significant wealth creation
opportunities. These shares can go up many times over few years. These are popularly
called as ‘Multibagger’ shares. However,
one needs to be invested in quality shares over longer periods for wealth
creation in line with performance of the company.
I have a great friend in Dr Allen, Phd in Finance, who is an expert in Equities and Technical Analysis. Together, we have formed GEMS Wealth Advisory Pvt Ltd (with SEBI Research Analyst License) to help Retail investors make
sustainable long term wealth through the power of Equity markets.
To know more, please write to us wealth4layman@gmail.com
