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SFA026 Tap into the amazing power of compounding (633 words)
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SFA026.doc
Description
This is an excellent and detailed explanation of the power of compound interest to boost wealth. It also explains the effect of tax and inflation. The article uses a simple example to outline how compounding works and finishes with a call to action to seek advice.
Introduction
When you invest over a period of time, compound interest is your best friend. In effect, it means you are earning interest not just on your own capital, but also on the interest you’ve already earned. Over the long term, this might be phrased as “interest on interest on interest on interest on interest …” or more simply, “free money”!
So how do you get this free money? This is how…
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