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Can Investing In Mutual Funds Make You A Billionaire?
Dalal Street Investment Journal
|July 06 - 19, 2020
When we read about the lifestyles of the billionaires across the world, doesn’t it ignite a dream to become a part of that exclusive group of people? It does, surely! It also makes us wonder about the strategy or approach that one needs to adopt to become wealthy. Is investing in mutual funds one of those options? Read on to find out
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Becoming a planned billionaire is quite a difficult task. However, it is quite possible thanks to mutual funds that can help you in creating such wealth if you can invest the required amount. For any salaried individual or middle-class person, having a bank balance of ₹1 crore is surely very alluring. But there are some who nurse bigger dreams and would like their assets to run into ₹100 crore, i.e. ₹1 billion. There can be various reasons to achieve this elusive number. Some wish to lead a lavish lifestyle, some might wish to spend their retirement with all the comfort that money can buy and some might wish to upgrade their standard of living.
This story is from the July 06 - 19, 2020 edition of Dalal Street Investment Journal.
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