1. Amount Invested
2. Rate of Return
3. Time Duration
It says that more you invest, more you will get in return. Second, more returns means more money. And longer the time duration of investment, better returns you will get. We can't control returns, we can't invest big amounts but we can invest small amounts at regular intervals over a long period of time. If this amount is properly diversified in different asset classes, it can help you to achieve better returns with the security of the money invested. Mutual fund helps you to take exposure of different asset classes and get the best returns.
Let's come to a journey towards freedom through this book.
How did he get from being a driver to a millionaire? Three simple secrets - he had the courage to dream big, learn about financial planning and implement what he learnt.
Now, while you don't need anyone to help you to dream big, here is a book that will teach you everything that Vaibhav learnt. All you have to do is find the tenacity to implement it.
Everything, from the importance of saving and investing and the need for life and health insurance to various investment products like mutual funds, SIP, PPF etc. that can enable you to build wealth, is explained in this book in simple and jargon free language. It helps you to choose instruments that are most suitable for you and explains why you would be better off without others.
Dream Big simplifies and breaks down common financial planning principles such as risk profiling, asset allocation, portfolio construction, rebalancing etc.
and explains the tax implications of various investment decisions. It also contains sections on planning for retirement and a legacy, and financial planning for women, divorced individuals, defence employees, senior citizens, etc.
In a nutshell, the authors, Dr. Mukesh Jindal & Mr. Arunraj VS, have put together a modern day compendium on personal finance that provides appropriate knowledge and wisdom to anyone who dares to dream big. With this book, like Vaibhav, you too can get into the driver's seat of your financial life and ride the road to riches!
This book attempts to make our young citizens much more investment savvy. It is not an effort for spoon-feeding. The book would ultimately inspire one to be a millionaire. This is not just a copy book or handbook of notes that would make investors millionaire automatically.
The essays of the book would only empower the mind and inspire one to take his/her own decisions honestly and truthfully. Most of the articles of the book were written from 2008 till 2012.Though economic conditions of the country have vastly changed, the principle of investing has remained unchanged.
In a language that is both eloquent and understandable, this book cracks the code on building wealth the mutual fund way. A matrix (3×3) approach has been adopted, with the book having been divided into nine sections.
All the topics have been analysed threadbare against the backdrop of investment planning, so as to offer a holistic view of wealth creation for you.
With Mutual Funds: The Money Multiplier as your guide, you will discover how to make investing a winner’s game. With in-depth insights and practical advice, this book provides a timeless blueprint for effective and low-stress investing for the layman. This book can be a resource for generations to come.