Have you had one of those days, when getting up just 5 minutes late has made the whole day go wrong? The bathroom is engaged, you miss a scheduled grocery delivery, you forget an important file for work, you take the wrong train, you arrive sweating and flustered and forget a key piece of work. So it goes, on and on until the day finally draws to a close.
Quite the reverse seems to happen when you wake up 5 minutes early. You remember to top up your metro card. You are at your desk before your colleagues and your boss notices. You remain in command in meetings because you've got your files organised. You are even able to pick-up some flowers for your wife. The day seems to never stop smiling.
Something similar can happen in mutual fund investing. Late money has to work much harder than early money. The benefits of compounding and SIPs only kick-in over time. A Value Research study on SIPs showed that 62% of the SIPs initiated at the market peak of 2007 were in the red at the end of the year. However, by 2011, an astonishing 99% had made some money.
So when should you start investing? And how much difference does it actually make?
Find out in our next Money Hangout.
Week 38: The First Mover Advantage
Date: Friday, July 14, 2017
Time: 12:30 PM - 1:00 PM
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