DNA - Money - SIP it long, no matter where the market goes - Daily News & Analysis: "Sir John Templeton, the late financial markets guru, once said, “The best time to invest is when you have money. This is because history suggests it is not timing which matters, it is time.”
I have put the statement into practice. And does it work.
It may be pertinent to ask how many retail investors have investible cash. Very few do. Most earn monthly salaries and somehow manage to randomly allocate a portion to asset classes.
The idea of systematic investing is still far fetched for most investors, though it is the key to reaping good returns. The concept of rupee-cost averaging always works in favour of investors in the long run. Even if the market is on a downward trend, regular purchase of units helps reduce the average price per unit."
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