What if I invest $10,000 a month in SIP for 3 years?
If I decide to invest $10,000 a month into a Systematic Investment Plan (SIP) for a duration of 3 years, how would I potentially benefit from this investment strategy? Would this be a wise financial decision considering the current market conditions and potential risks? What factors should I consider before making this commitment? Would it be advisable to diversify my portfolio or focus solely on SIPs? And lastly, what would be the estimated return on my investment over this period, assuming average market performance?