Ch.1 · Comparing Financial Products · easy
Which of the following best explains why starting to invest early is advantageous, even with small amounts?
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EXPLANATION
The power of compounding rewards time above all else. Starting a SIP of ₹5,000/month at age 25 versus 35 can result in significantly larger corpus at age 60, not because of the amount but because of the additional 10 years of compounding. Time in market beats timing the market.
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