Posted on: 12 May, 23
Investing can be an intimidating and complex topic, but it doesn’t have to be with professional financial advice. Understanding the basic truths of investing will help you make better decisions, regardless of how much money you may or may not have.
By understanding these principles, you’ll be one step closer to achieving your long-term goals.
Investing early is one essential way to build wealth. Instead of waiting till you have a large amount of savings or cash flow to invest, the earlier you start investing, the better. This is because of the power of compounding.
Compounding is the magical snowball effect that occurs when the pounds you earn through investing generate even more earnings. Essentially, not only does the original amount you invest grow, but also any interest, dividends and capital gains that you accumulate.
And the best part? The longer you are invested, the more time there is for your investment returns to compound. So don’t wait until you have a large sum of money...
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