The stock market will roughly double invested money every 7 years, assuming an average 10% annual return
The moral: the more years money stays invested, the stronger the effect of compounding
The stock market will roughly double invested money every 7 years, assuming an average 10% annual return
The moral: the more years money stays invested, the stronger the effect of compounding
Starting earlier lets compounding work in favor of investments; otherwise returns can be left in the dust over time