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It isn't just because of the power of compounding.
"As with money, there is a power of compounding the economy," Mr. Blitz said.
Investors who churn their portfolios, on the other hand, incur repeated tax bites that drastically reduce the power of compounding.
The power of compounding.
All of us understand the power of compounding.
The power of compounding interest works with bonds, and it's not dependent on anybody's judgment.
Similar(12)
This is all due to the power of compounded interest.
If there is one lesson that these last three years has reinforced, it's what Einstein discovered over 50 years ago: namely, that one of the most powerful forces in the universe is the power of compound interest.
The challenges of saving for retirement are real -- but not saving early can be even more costly in the long run, due to the power of compound interest, which Albert Einstein is reported to have called "the most powerful force in the universe".
What did you notice about the power of compound interest?
"This is the power of compound interest at work," says Stevenson.
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