Yahoo, in association with Hansi Mehrotra, presents ‘#Ask Hansi’ a new series to help you get a better grasp of mutual funds and how you can invest smartly.
Markets tend to go up over the long term. So, technically, you should just put in your money as a lump sum and get it working for you from the very first day. The problem is that, like me and everybody else, you will probably sit there asking ‘Is it expensive, is it cheap, can I wait for a bit of time?’ And you just miss out, and sometimes for years together. So therefore, for us humans, it’s best to start investing little bits, i.e. through a systematic investment plan, where every little month, you put a little bit in, and not have to worry about whether the time is right or not. So, for all humans out there, just buy a SIP and be done with it, you will at least get invested, and it will pay off over the long term.
Hansi Mehrotra, a CFA with global experience and founder of The Money Hans, is a celebrity in the world of personal finance in India. A powerful influencer on in the corporate/banking/finance circles. She creates fine personal finance content that simplifies complex issues into easy-to-understand stuff which lay people can identify with.