6 Reasons why you should start investing right now

Start your investment right now.

If you've found your way here, chances are high that you've either got some money in your savings bank account and looking for right time & reason to invest. If you haven't started investing, I don't blame you! It's not something we are taught by our elders. We are just scared to make a mistake and lose a part of hard-earned money. We all procrastinate when it comes to investing, but I urge you to give it a try! Here are my six reasons why you should start investing right now: 

1. Not Investing could be more of a risk

"If You're Not Putting Your Money to Work, You're Getting Left Behind"

Not investing is actually a financial risk in itself. Your money won't earn significant returns, when you don't invest. In fact, it is also being eaten away by inflation. This means that the money you have now, won't be worth as much in a years time.

2. It doesn't matter if you mess up 
A friend (7 years elder to me) of mine investinwas invested into capital markets from mid 2006 and used to hear from him about the bullish growth of his portfolio. I was a high school kid and had no Idea what he is talking about.

But, his portfolio had got crashed by the end of 2008, after which we did not discuss much as we shifted our house to another part of city. I encountered him couple of years ago at a mall and I asked him whether he still invests in mutual funds and stocks. Surprisingly he said, "Obviously Yes. Is 2008-09 crash, the reason for asking me this question? ". I answered, "Yes!". Then he said "Such tough times come, teach you something and go. You have to be strong, learn from those sessions and stay in the market to succeed".

3. Life will be much less stressful

Do not save what is left after spending, but spend what is left after saving

- Warren Buffet

When I had to join college, I expected that my parents would pay for it. And they did without taking study loan or on any debt, because they had financially planned for my higher education. So, they did not take any stress by then. I'm extremely thankful for my parents for allowing me to opt out of stressful situation. Same is the case with buying a TV, Mobile phone, Bike, Car etc. Define your goal (Ex:Bullet Classic 500), start investing and then buy it. Note: EMI's are stressful and your investments will be stress busters.

4. Power of Compound Interest

"Money makes money. And the money that money makes, makes more money." 

- Benjamin Franklin
Compound Interest is considered as the 8th wonder. Let's go through an example to know more
  • Sanjay invests Rs. 6,000 per year beginning at age 21 and continues till his retirement age of 60.
  • Leela starts investing Rs. 6,000 from the age of 31 and continues till her retirement age of 60. 
  • Bhansali too invests Rs. 6,000 per year beginning at age 21 and continues till he reaches 40.

Though Bhansali Invested only Rs. 1,20,000, which is less than what Leela has invested (Rs. 1,80,000), his final investment value is more than that of Leela. This is reason why we have to start investing as early as possible or start right now. Sanjay who was committed to his retirement goal could save the most.  

5. There is no good time like TODAY 

"The best time to start investing was years ago. The second best time is now."

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 As time goes on you might have more idle wealth and your investment decisions are going to become more and more important. The sooner you start, the more time you'll have to practice making those decisions before they really begin to matter. You can learn as you go and can afford mistakes now, giving you the skills and experience you need to make the right decisions later on. 

6. Your freedom and social security is at a stake

Investing isn't just about getting wealthy. It's about one day having the financial freedom of being able to support yourself without an income. We have to accept the truth that, at some point of time in our lives we have to take retirement from work. The only question ponders is whether your retirement is in your own hands or will be forced when you are financially not prepared. Only person who can make sure you're able to do it on your own terms is YOU.

You should really start investing right now. 

It doesn't matter how much money you have. It doesn't matter how old you are. It doesn't matter how much you know about investing, or whether you're worried about what the markets are going to do, or whether you've never even heard of "the markets." 

Know your goals and start investing now, no matter what. 

 

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or designing a portfolio that suits your needs.