The 10-7-1 rule!
This rule ensures that you are committed to your mutual fund investments. The rule states that we, as investors, should expect at least a 10% correction in our portfolio every year. This expectation will prevent us from panic selling at times of correction. The 7 here means that we should remain invested for at least 7 years to experience the magic of compounding and the 1 implies that we should increase our SIP amounts every year. These small rules, if applied, in your investment journey will accelerate the wealth creation process for you and accumulate the large corpus for you because SMALL is POWERFUL.
#PersonalFinance#Miscellaneous#PsychologyofMoney
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