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Hi folks, I have recently joined Publicis Sapient taking an offer of 14.4 LPA. I have total 4.5 years of experience and my previous CTC was around 3.4 LPA. I had various offers in hand but not one to counter this one and PS is providing me 4x+, so I couldn't negotiate much.
Another thing is I was an immediate joiner as I had left my previous organisation 3 months ago so I couldn't wait to think about this offer.
But now I think it's low, what do you think please let me know and suggest.
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Pro
dikha dete bro, agar...
1. China ne Covid banaya na hota
2. Russia ne Ukraine ko sataya na hota
3. Hindenburg ne Adani ko lutwaya na hota.
Haha nice one
Yes. It does. All credit goes to my father as he manages my portfolio.
Pro
Your dad is a Legend of today’s time. ✌🏻
I got your question but compound is not the right thing to describe. Compound means if the profit/interest is reinvested like in PF,FD. But in share market we buy something at certain price and get returns when we sell shares, either profit or loss.
If someone is investing through SIP that means each month shares are bought at some price and depending on the market one can get return.
But if the same is followed with PF, recurring deposit at the end of year we get interest, that is real compounding.
Suppose someone bought YES Bank share 5 years ago and continued SIP, now the price are at lowest.
So, money does grow but not compounds.
Investing consistently yields higher returns, last 30 years people has gained exponential returns as the economy was gaining speed.
Instead of investing directly in shares, I prefer to choose mutual funds (I can't regularly monitor stocks).
If you are planning to invest in MF, whatever you choose, periodically monitor (atleast once in month) with peer funds.
You can also switch MF, accordingly exit load.
Rising Star
In the long run it does
Rising Star
My friend told me last week his father deposited 50k in 1997 in MF the value of which is 20Lkh now. It's approximately 16% compounded growth per year. The problem is people don't have patience to keep their money in stock market or MF for longer duration
Look at lumpsump or SIP data and decide.
Not much but still better than fd, I did sip of 10k per month for 2.5 years investment 3 lac return 3.75 lac.
But now market is stable from more than one year so return is in negative 4-5%
Deloitte 1
Mirae sip is of 10k for around 2 years, others are of 5k so 1+ years
Pro
No it fluctuates..fr/ppf/EPF and fixed instruments only compounds
Pro
BTW, how much is the amount you guys started putting as monthly SIPs & what’s the current amount.
I started with 5k and now it’s around 33k.
I started with 6k and every year I increment it with 1k. Currently it's 8k