10 Years Buys You Nearly Double
Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.
-- Albert Einstein
Who am I to argue with one of the brightest people to ever inhabit our planet? I thought it would be a perfect time to dust off an old illustration that we can share with our children, and grandchildren, to ensure their future prosperity. Pictured below is the opportunity cost of waiting an additional 10 years before investing.
Source: FreshPlan
As you can clearly see, “Investment 1” grows $226,206 more than “Investment 2”. The only difference between the two scenarios is the years of growth for the investments. In other words, 10 years buys you nearly double. Einstein was right, we either earn it or we pay it to someone else. Let your family know this news!
The enclosed article expresses the opinions of writer, Patrick A. Choquette, and not necessarily those of Raymond James Ltd. (“RJL”). Statistics, factual data and other information are from sources believed to be reliable but accuracy cannot be guaranteed. It is furnished on the basis and understanding that Raymond James Ltd. is to be under no liability whatsoever in respect thereof. It is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities.Raymond James Ltd. is a Member - Canadian Investor Protection Fund.
Raymond James Ltd. is a Member - Canadian Investor Protection Fund.
