If you are planning to start your investment journey, start now. Veteran investor Warren Buffett also believes in and follows the same principle. If you haven't started investing yet, there is nothing to worry about. Investing is also like reading and learning, which has no age. If you start investing late, make sure to select an investment plan that can help you make up for the wasted time.
Before embarking on the investment journey, two things should always be kept in mind. ROI is the return on time and investment. The longer you invest, the higher the return you will get. You have to make sure that you will accomplish your goals with the least amount of risk. You have to plan to keep in mind the amount that you want to earn through investment in the future. Here Vikas Singhania, CEO, TradeSmart, shares some great math tips that will make things a lot clearer and easier for you.
50-20-30 Rule
This rule is as clear as its numbers. You have to divide your money into three parts. After-tax, 50% of the salary will have to be kept for household expenses. 20% will have to be kept for short-term needs and 30% will have to be kept for future needs.
15-15-15 Rule
This rule is for those who believe in long-term investment. In this, 15 thousand rupees have to be invested every month for 15 years in such an asset, which gives a return of 15% annually. Equity investment is suitable for this. Because the stock market has always ensured to give 15% returns in the long run despite the volatility in the stock market.
Rule of 72
This rule tells the time taken to double the money. Divide 72 by the potential return or interest rate and see. If you get a 15% return on investment in SIP, then to find the time taken to double it, you can divide 72 by 15, which will equal 4.8 years.
Rule of 114
This rule gives an account of the time taken to triple the amount. You can calculate this time by dividing 114 by the expected interest rate. For example, if the investment gives you a 15% return annually, divide 114 by 15, which equals 7.6 years.
Rule of 144
It takes your investment to a whole new level. This rule tells us about the time taken to quadruple the amount. Divide 144 by the expected ROI. With this example, you divide 144 by 15. This will give you 9.6 years. Yes, it will take 9.6 years to multiply your money by four.
100 minus age
This is about the allocation of assets. Subtract your age from 100. The number you will get will be the percentage that you should invest in the stock market. This rule is based on the fact that the younger you are, the higher your risk appetite. You will also be able to make up for the losses you will incur during this period.
Indian-Americans extend a helping hand to Turkey-Syria earthquake victims, raise $300,000
Turkey–Syria earthquake 2023: On February 6, there was a powerful earthquake in Turkey and Syria. The death toll in both countries has crossed 50,000.
Russia-Ukraine War: Indigo's special flight arrived in Delhi carrying 229 Indians from Romania
Today is the 10th day of the war between Russia and Ukraine. Many cities in Ukraine are constantly being bombed by the Russian military. Meanwhile, Operation Ganga is being run by the Government of
Home in City: House prices increased in 41 cities, decreased in five cities, Mumbai houses prices decreased
House prices have increased sharply during 2021-22 in 41 cities of the country. At the same time, prices of residential properties registered a decline in 5 cities, while prices remained stable in 4
India is on the way to China, aging fast: 25 million youth will decrease in 14 years, the elderly population will increase by 5%
India is aging fast. After 14 years i.e. in 2036, out of every 100 people, only 23 young people will be left, while 15 people will be old. This has been estimated in the Youth in India 2022 report by
Maharashtra: Danger on children in Mumbai, increasing outbreak of this dangerous disease, 126 infected this year
The outbreak of measles disease is increasing rapidly in Mumbai, the capital of Maharashtra, which has increased the risk to children. A one-year-old child has died due to this dangerous disease. A
Shahid Afridi joins Ravi Shastri's tone regarding changes in ODI cricket
Team India's former cricketer and head coach Ravi Shastri recently said that to save the future of ODI cricket, it should be changed to 40-40 overs instead of 50-50 overs. Now former Pakistan
Ghulam Nabi: Indian Muslims were Hindus earlier, Azad said – Kashmiri Pandits adopted Islam 600 years ago
Former Jammu and Kashmir Chief Minister Ghulam Nabi Azad, who left the Congress and formed the Democratic Progressive Azad Party (DPAP), has given a big statement. A video of Azad is going viral on
India COVID Update: The country got control over Corona, and the positive rate is decreasing rapidly
There is a decrease in the cases of corona in the country. According to the report presented by the Ministry of Health, 170 cases of corona have been reported in the country on Monday. At the same
Delhi Polls: BJP claims to win 50 seats, the party will file a case against Sanjay Singh for buying MLAs
BJP has claimed that it will win at least 50 seats in Delhi. After the review meeting held yesterday, party president Virendra Sachdeva said that after the feedback received from party workers and the
Ram Mandir: Modi's three-decade-old pledge will be fulfilled... the pledge was taken after seeing Ram Lalla in Janmabhoomi in the year 1992
Prime Minister Narendra Modi's three-decade-old vow will also be fulfilled with the consecration of Ram Lalla in the grand temple on January 22. On this day, Modi will have the first darshan of Ram