By Craig Erwin, Ph.D.
Say I gave you a penny on the first day of the month and doubled the amount every day for 30 days. 1 cent, 2 cents, 4 cents, etc. A 30 day month would yield $5,368,709.12. Albert Einstein called compounding the “eighth wonder of the world”. Like Einstein, reinvest your dividends. #investingstrategy#compoundinterest#wealthbuilding
If you own stock, do you cash dividend checks or do you reinvest dividends (earning compound interest)? Is the stock market your primary way of accumulating wealth? Are you confident that you’ll have enough to retire comfortably?
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