Share Market and Students - Importance of Investing
Hey guys, I hope the first blog was successful in creating a bit spark regarding the Share Market. We there, had dealt with the what actually share market is and the basic concepts related to share market. So we now have a comprehensible idea of share market. So lets dig down further. Share market is home for two mindsets investing and trading . Rather than diving directly into these types, we’ll initially try to understand the importance of investing. Investing the hard earned money into assets which provides enough returns helps to sustain through the retired life. But investing is a life long affair and one has to devise a efficient plan to save and invest throughout the working years. The following example will clearly help to understand the benefit of investing over accumulating. Assume you earn 50k per month with expenses of 30k and you are left with 20k a month. You are given a hike of 10% every year. Assume cost of living increases by 8% every year. Yo...