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Make yourself Billionaire........
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jiten702
#1 Posted : Tuesday, January 18, 2011 9:20:27 AM
Rank: New-farer

Joined: 1/17/2011
Posts: 7
Location: India
For Investment purpose, we often wait to collect a large amount of money and invest it all at once. These investments are done to achieve our future goals like buying a house, child's education, marriage or retirement planning.
However recurring household expenses always erode the money which we would have otherwise kept for investments and the result - we end up compromising on our financial goals. So,in order to get the dual benefits of investment and that too of small amount periodically, we have Systematic Investment Plan(SIP).

A systematic investment plan or SIP (as it is more commonly known) is a way to invest in mutual funds with small sums of money on regularly basis typically monthly or quarterly , over a longer period of time. These small and regular investments will help in growth of your wealth in the long run and you will surely reap the benefits of the fruits that you have planted by doing systematic investments of your hard-earned money in mutual funds.
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Elder
#2 Posted : Tuesday, January 18, 2011 9:48:56 AM
Rank: Elder

Joined: 9/7/2010
Posts: 2,148
Location: elderville
Just go straight to the point already and tell us of this great mutual fund of yours that will make us billionaires! Liar
He who can express in words the ardour of his love, has but little love to express. - Petrach, Son. (That men by various ways arrive at the same end. - Montaigne, The Essays of.)
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jiten702
#3 Posted : Tuesday, January 18, 2011 10:02:15 AM
Rank: New-farer

Joined: 1/17/2011
Posts: 7
Location: India
Dear Elder,

If I want to explain my post in detail to everybody, then why you are having a problem for it?
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Elder
#4 Posted : Tuesday, January 18, 2011 10:45:59 AM
Rank: Elder

Joined: 9/7/2010
Posts: 2,148
Location: elderville
No problem if that were the case. I just can't reconcile your topic and post. Have shades of pyramid schemes and billionaire pap lotteries to me.

Honest details should have mentioned that small and periodic investments even in SIP cannot make one a billionaire.
He who can express in words the ardour of his love, has but little love to express. - Petrach, Son. (That men by various ways arrive at the same end. - Montaigne, The Essays of.)
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jiten702
#5 Posted : Tuesday, January 18, 2011 11:01:48 AM
Rank: New-farer

Joined: 1/17/2011
Posts: 7
Location: India
Dear Elder,

Read my post properly. I already wrote that SIP in mutual funds can help in growth of your wealth over a longer period of time which will grow your investment pile that ultimately would result in making you a billinaire..
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kyt
#6 Posted : Tuesday, January 18, 2011 11:12:29 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
Its not worth jabs being thrown around. Just be easy guys.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Elder
#7 Posted : Tuesday, January 18, 2011 11:38:34 AM
Rank: Elder

Joined: 9/7/2010
Posts: 2,148
Location: elderville
jiten702 wrote:
Dear Elder,

Read my post properly. I already wrote that SIP in mutual funds can help in growth of your wealth over a longer period of time which will grow your investment pile that ultimately would result in making you a billinaire..


Ok. Wont let the title of the thread detract me from the content. Welcome to Wazua.
He who can express in words the ardour of his love, has but little love to express. - Petrach, Son. (That men by various ways arrive at the same end. - Montaigne, The Essays of.)
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Kaigangio
#8 Posted : Tuesday, January 18, 2011 12:32:04 PM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
I was trying to imagine that i earn 50,000 per month nett and i begin saving 15,000 in a mutual fund whose returns is an impressive 10%. At the time of starting i am 30 years of age and i plann to retire at 55 years.

assuming that throughout the 25 years of earning i will not default in submitting the 15,000 and that the returns is a constant 10%, if my mathematics is correct, then by the end of the 25th year i will be having 1,804,846.80 . ajaaah...this is not for small time earners.

next, to earn a billion when the parameters remain as above, it will take 91.4years..jesus christ!!!
...besides, the presence of a safe alone does not signify that there is money inside...
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thuks
#9 Posted : Tuesday, January 18, 2011 1:06:59 PM
Rank: Veteran

Joined: 10/8/2008
Posts: 1,575
just made myself one by ordering mugambes notesLaughing out loudly
I care!
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MatataMingi
#10 Posted : Tuesday, January 18, 2011 8:54:33 PM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
@Kaiganggio,

Sorry mate. Your maths are wrong.

If you invest 15000 per month i.e 180000 per year, that over 25 years alone will get you 4,500,000- WITHOUT any interest.

Now consider the impact of compound interest over the the years !!

I think you will walk away with at least 20 Million not 1.8 million as you state.

A billion is another story !!!!

Regards
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