When it comes to building investments for long term corpus, I feel that systematic investments plans are the best. There is no greater power then the power of compound savings and interest. When I had a steady job and a steady regular income, I always preferred the systematic investment plans, not only in mutual funds but all forms of investments, like buying gold, putting money every month in mutual funds, in fixed deposits, in public provident funds. At the beginning it looked very small, because the amount of savings was also small, but as years went by and the amount started growing, so did the interest on it started getting more and the regular investments was also on.
I did not have big money to invest everything in one go, so these regular savings was helping me a big time. With long term systematic investments, I have been able to average out my cost, which sometimes feel so much less than what has been accumulated over the years. 2 decades back, the interest rates were also good and so with that the returns. Investing in mutual funds on a long-term basis in some of the growth plans has given me very good returns. Over a period of time I have withdrawn also money from my savings, because if I do not use it ever then what's the use of saving and investing.
Looking at my childhood financial condition. I was always very bothered about my own financial security, so my savings plan started from a very early age. From the time I got my first job, with that my savings plan also started. With time, as I felt stable, I started going easy on finances and my spendings on leisure things also started increasing. My priority was always to secure my older self-first then giving wrong pleasures to my younger self by unnecessary splurging money on things that never mattered much. Like buying branded items.
When I look back at life, I realize that I had too many fears of my old age, in a way that also helped me, because of the fear only I could bring financial stability in my life. I have no regrets for all that I did not splurge on, rather I am happy that those sacrifices have brought me to this secured place in life. Starting investments as soon as you start earning, will make a big difference in your overall financial status by the time you are 50, even if it is a negligible amount to start with.
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