Time in the market is more important than timing the market
Just today saw a real life example and thought of posting it here for benefit of our members..my wife's aunt who is 82 years of age, has a family pension of Rs 25000 per month. Out of this pension she spends Rs 10000-12000 for her monthly expenses and rest is saving. They never invested in shares but last 10 years she keeps asking whenever she has some surplus money in the bank account and I tell her names of few good shares to buy.
I have made her open the brokers account with my friend who is a NSE broker and he sends his office boy to collect the cheque whenever she buys any stock.....she does not have a computer ,no internet...does not watch CNBC or any other financial site....she does not have a email ID so I have given my email ID for all corrospondence. She has bank deposits but last 10 years she is buying good shares small amounts 75 K to 1 L per annum max. Yesterday we got her NSDL CAS and her shareholding in her demat account has become Rs 58.5 Lacs ....small investments in good stocks for consistant period of 10 years.....pretty good performance for a 82 years old....
So small amounts if invested for a long period can give great results....
Smart_trade