Its not easy to get good IPO’s.out of my last 10 ipos i hardly got 2 and one got doubled , other one listed with discount of 10%. So you cant get enough ipo for becoming crorepati with ipo’s.
Let me answer this in different way..u can be a crorepati in 20 yrs if you invest in say any avg MF or index fund which will give CAGR of say 12% with monthly investment of merely 10000 per month..its simple right…but believe me it tough to sit on it for 20yrs. If u are so particular about 10 yrs then you need to invest 45000 per month..its shows the value of time in compounding..its called TVM..Time Value of Money in Compounding. #finvestocksIf you wish to be specifically on stocks, (rather I also prefer the same), you can invest 2 lots per month in a basket of seven stocks i.e TCS,HDFC BANK,HUL,ASIAN PAINTS,BAJAJ FINANCE,RELIANCE PIDILITE & LARSEN(appro. 20 k) with an expected return of >15% CAGR you can make easily a crore in 10 yrs. DISCIPLINE is the key in accumulating one crore.For those who can’t afford to invest 40k per month like me, I suggest to go with TCS,HDFC BANK,HUL,HDFC LIFE,RELIANCE & LARSEN with one lot per month for 20 years where I assumed lower realistic return of 12% CAGR for accumulating 1crore.
Visit my youtube channel finvestocks# for basics of personal finance and stock market which be designed to share awareness for someone who is new to stock market.its a kinder garden for stock market,🙂🙂#finvestocks