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How works 15x15x15 Investing Rule: Everyone wants to be at least a millionaire on their retirement. But if you make the wrong investment, then this dream remains unfulfilled.
But if your investment is in the right direction, then it becomes easier for you to achieve the goal. If you also want to become a millionaire, then for this you will have to follow the rule of 15x15x15. According to this, the investment should be based on a period of 15 years, SIP of Rs 15,000 and 15% annual return.
If you do a SIP of Rs 15,000 every month, it means that you invest Rs 1.8 lakh in a year. In this way, you will deposit a total of Rs 27 lakh in 15 years.
If you get a return of 15% annually on this, then after 15 years your 27 lakh rupees will become more than one crore rupees. 15 years is the ideal tenure for any investment, during this time you get the full benefit of compound interest. Let us tell you here that this entire calculation is based on an estimate. The return can also change depending on the market conditions and the mutual fund you choose.
What things affect the return?
The impact of the fluctuations in the market is also seen on the ups and downs of the stock market. Fluctuations also affect the returns of your mutual fund. The mutual fund you invest in also affects the returns.
Different funds invest money in different assets and their risk is also different. Due to this, the returns received can also be different. It is believed that the longer you invest, the better the returns you get.
Invest based on your needs
You can invest keeping in mind your investment target and time limit. For example, if you have long term targets, you can keep more stocks in your portfolio. But if you need money in the near future, you can focus on bonds.
Where you invest money depends on your needs. Suppose you are saving for retirement, then you can invest a large part of your money in stocks. There is a possibility of getting good returns from stocks in the long run. But if you invest your money in bonds, you will get less returns but the money will be safe.
Apart from this, you should also think about your risk taking capacity. Investors who like low risk will do well by investing in bonds. But if you can take more risk, then your chances of returns increase.