I am writing this series of letters on the art of investing, addressed to a young investor, with the aim to provide timeless wisdom and practical advice that helped me when I was starting out. My goal is to help young investors navigate the complexities of the financial world, avoid misinformation, and harness the power of compounding by starting early with the right principles and actions. This series is part of a joint investor education initiative between Safal Niveshak and DSP Mutual Fund.
Dear Young Investor,
I hope you are doing well and that the lessons we have covered so far have been helpful in guiding you through the early stages of your investing journey.
In my previous letter, I wrote about the remarkable power of compounding—how time and consistency can turn small investments into something significant. Today, I want to introduce you to a closely related concept that holds the key to allowing compounding to work its magic.
[Read more…] about Letter to A Young Investor #4: The Art of Waiting