_*Front end, Back end & Linear Returns*_

*Me:* When do returns acrrue to investors in equity markets?

*Fund Manager :* Front ended or Bank ended (and he ends his answer there)

I understand it this way......

_*Front ended returns*_ - _An investor's returns are piled up during the first 3  or 4 years of investing & then, it's always an average up or down. RETURNS STABILISE OFF, there after.

👆🏼 _*Works best with a Single One Time Lumpsum Investment*_

_*Back ended returns*_ - _An investor keeps on investing for a long long time & then, the miracle of all the Returns fall into the lap during the last 3 or 4 years of the holding period. RETURNS STABILISE OFF, there after.

👆🏼 _*Works best in a Systematic Investment Plan*_

Now...... _Most Investors expect something called, a _*LINEAR RETURN*_

_*Linear Returns*_ -  Delivering a progressing return from one stage to next or from one year to the next year in a stable and consistent way. 

👆🏼 _*THIS IS NON EXISTENT IN INVESTING*_

Investment Returns in equity are always this way 📉📈📈📈📉📈📉📉📈📉📉📉📈📈📉📈📈📉📈📉📈📉📈📈📉📉📈📉📈📈📉📈📈📈

_*TIME IN THE MARKET IS THE HEALER*_