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Old 05-12-2015, 01:54 PM
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Default Networth Fairness

Hello Uncle MK,

Thanks for your suggestions.

How long does it take to establish a strong networth that has minimal fluctuations? When would you call it a day?

Quote:
Originally Posted by Uncle MK View Post
I'm not a licensed financial adviser therefore only can provide suggestions.

Uncle grew up in a hostile working environment where competition wipes out everything. From the years, uncle learnt that investing in equities like stocks, bonds, index fund or UTs can offer certain growth to one's wealth.

The difficult part is to 'time' the investments hence a safe ground is to perform dollar-cost averaging but in a customize manner to fit your needs. Uncle did not understand earlier and plonk in massive chunks but fortunately, succeeded in these few years.

Hope it helps
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