“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” -- Albert Einstein
Some singers claim that women run the world. Holy men preach that love is the greatest force on earth. But, when it comes to intelligent investing, nothing beats the power of compounding. Not to be confused with voodoo or magic, compound interest is the closest thing you’ll ever experience to the super-natural. It’s a force that will fast-forward your wealth over time, even if your starting point is one dollar.
Investing with a purpose matters, but not as much as investing with a long-term strategy. Over time, the power of compounding will do much of the heavy lifting for you. As your portfolio grows, you may one day be in a position to "be the change" you always dreamed of. Even if you’re an average investor, as long as you have a longer time horizon, you’ll likely be able to outperform experienced investors whose star shines bright for a brief moment in time, only to fade as the market shifts from one (overvalued) hot fad to the next.
Every penny, and every minute counts! So make sure you start investing as early as possible. Make regular contributions to your account, and don’t be tempted to trade in & out of the market or to change your core strategy -- unless you experience a “life event”.
And remember: It’s not magic, it’s compounding.
May the force be with you!
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