Trading Tips

The One Surefire Way to Retire Rich

June 20, 2019
Trading Tips
The One Surefire Way to Retire Rich
Chapters
Trading Tips
The One Surefire Way to Retire Rich
Jun 20, 2019
Trading Tips
Imagine you had a penny that doubled in value every day for a month.
Show Notes

Imagine you had a penny that doubled in value every day for a month.

Sure, after a week, you’d only have a paltry sixty-four cents. That’s not even enough to buy something off the dollar menu at your favorite fast-food joint. After another two weeks, you’d have less than $10.

But if you can hold out for just two more weeks, the doubling power will turn that starting penny into $1.3 million dollars.

That’s the power of compounding.

Now, we don’t have magic pennies (that I know of). But we do have the next best thing: Dividend stocks.

When companies pay their shareholders money, investors who use the proceeds to buy more share are able to compound their wealth over time. While not as quickly as a magic penny, over the course of years, this process can make a major difference for your investment returns. And over the course of decades? It can turn a few thousand dollars into over a million.

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