How much important is the selection of schemes and Market timing ?
As per the Nick Murray
Lifetime Returns of the family comes from –
1) 49.1% – Having a real financial plan of where you are now and where you want to go?
2) 24.9% – Asset Allocation
Investing in managed portfolio as per family needs.
3) 24.1% – Our attitude and behavior in Investments during our life.
4)Only 2% – Depends on scheme selections and market timing.
One should spend time and energy in Goals and plans rather than selection and timing.
That would make you Richer and Happier.