The power of compounding interest is a magical tool. Your growth potential is exponential. Nowadays, we are living longer than ever before. With longer life spans, we now have more time than ever to watch are money grow. When it comes to compound interest, time is key.
I first started investing with a broker and dividends from my portfolio holdings would just be placed into a cash account where I would eventually buy something else when enough money accumulated. Now, I index invest, and all of my dividends and earnings are automatically invested into my holdings.
I invested with a broker for two years. That time I lost on allowing my money to compound might not seem like much, but it will eventually equate to the loss of thousands down the road. Let your money compound and live off of your interest in retirement; until then, let it be.
Budget Smart, Invest Wise