What is the most important factor in investing? COMPOUNDING
Why is time so important when it comes to investments and how can it make you rich? Compounding is the answer - Tony explains how time is your best friend when it comes to making money from investing early.
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🕒 TIMESTAMPS 🕒
00:00 -- Intro
00:22 -- Compounding in real life
01:14 -- Simple Interest Explained
02:04 -- Compounding example
04:05 -- Rule of 72
Sources
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📝 DISCLOSURE 📝
The information contained in this communication is provided for general informational purposes only, and should not be construed as investment or tax advice. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Wealthfront Advisers and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisors to discuss tax-related matters specific to their situation. Investment advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser, and brokerage products and services are provided by Wealthfront Brokerage LLC, Member FINRA/SIPC.
