Daily Archives: October 3, 2019

Getting Rich is Easy With The Power Of Compounding

The power of compounding is truly amazing. I know I have written about the concept of compounding several times but truth be told, it is scary how powerful compound interest truly is. If you had £100,000 in savings by the time you were 30, parking it in low-cost, good stocks that earned the same rate of return as the stock market for the past century would result in £14,200,000+ by the time you were Warren Buffett’s age. That assumes, of course, that you never add another penny in deposits to your investments, instead spending everything you earn outside of the portfolio for the rest of your life. You could become […]