July 12, 2012 9:48 pm
I just read subra’s article on asset replacement fund –
what do u think..i request all the eminent experts like ashal, ramesh, manish to share their views on this
Dear Ajinkya, the idea is simple. As it’s simple, our brains are tuned in the way that we may start for this idea but very soon we ‘ll lose interest in this idea & ‘ll switch over to a new idea. Please do feel the undercurrent of what dear Subra wants to convey. The couple in question kept investing, kept increasing their mly investment figure & no matter what the Mr. Market was doing in 2004-2007, 2008, 2009, they just kept investing. Of course redeemed also as per their choice to purchase in between.
To understand the idea of envelope, please read the book of dear Manish.
@ manish – can u throw some light on what “envelope system” is all about?
I find the idea a very good one.
Easy in concept, and i really think easy to implement too.
But it is easy to start doing a lot of things after reading a thing, but difficult to sustain. Write it up in your financial plan, and see if you can follow it.
Thats a very nice idea .. But this needs too much of discipline and dedication , not that easy truely speaking ! .
The whole idea is to have a seperate fund which is for a short term goal like buying furniture , expenses of your house , children fees and you need to take money out of only that particular fund . This is very much same like the envelope system !
Your email address will not be published. Required fields are marked *
Subscribe to FREE Video Course + FREE Ebook + Future Email Updates
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Join 1,60,000 email subscribers
FREE Video Lessons directly in your email daily
144 page PDF ebook with best articles from Jagoinvestor
Get future articles directly on your mailbox + updates
6 PART VIDEO COURSE
You are subscribed for FREE Course now, Check your Email
New here? Create an account