“Rome cant be built in a day”

“Rome cant be built in a day”

Same thing applies to your wealth too. In this fast changing world, everyone expects everything to happen quickly and reacts quickly.

One thing which cannot change is “Slow and steady wins the race”.

In  your childhood, you would have heard the race between Tortoise and Rabbit.

Rabbit will move ahead and sleep as it covered large distance. Tortoise will slowly and steadily marches ahead and wins the race.

SIP in mutual fund is like Tortoise winning the race. You can start a SIP and just forget it. In the sense, don’t react to market movements very often. Monitor once every 3 months or 6 months to gauge the performance.

As some of your goals like kids education, kids marriage, retirement are all for long term, you need to wait till your goal of final planned amount is reached.

If investing and making money is easy, everybody would have jumped in this SIP mode and achieved the results. You need patience to create wealth and hence the challenge of less participation.

Do you have patience ?