If one want to be successful in any facet of life-One thing which is most important is - ‘Discipline'. Weather you want to be good entrepreneur, good student the discipline is must. Investment is no exception to it.
India is the country of saver and we save almost 30% of our income. This saving is one of the highest in the world.
This saving only made our nation to stand alone economically even during 'Global Melt Down'.Our Nationalized banks were able to maintain its 'Status Quo', when many other Nation's and their Banks itself gone bankrupt.
- One that your investments gets the maximum time and hence power of compounding working best for you.
- The other purpose regular investment solves is that it makes sure that you don’t over- spend. You must have observed that when you go to the shopping mall, many times you buy what is not planned or something which attracts there and we become an impulsive buyer. This happens only when there is an excess balance lying in bank account and then it become very easy for anyone of us to swipe the card and buy. Many a times, we buy items which are not necessary for us but just become there is Saved money with us, we tend to over-spend
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Indian markets too went down on this and is expected to see some more correction. Metal and mining stocks went down today on behalf of the weak Chinese growth prospect in FY15 i.e. 7% by the Xinhua news agency, a government run media agency. Whereas domestically, India's CAD went up to 10.1 billion dollars or 2.1% of the country's GDP. RBI gives data on Current Account Deficit. Higher CAD will make INR to go weak and MCX Gold will go up.
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