Power of Compounding in Mutual Fund Investment
The Power of Compounding. 8th Wonder of the World.
Compounding refers to the reinvestment of earnings at the same rate of return to constantly grow the principal amount, year after year. It is a technique of making your money work harder for you and is perhaps the most powerful tool that an average investor can use to plan for many of life’s financial goals, including retirement.
Download Mutual Fund Investment App: https://www.imperialfin.com/mutual-fund-investment-app/
Compounding refers to the reinvestment of earnings at the same rate of return to constantly grow the principal amount, year after year. It is a technique of making your money work harder for you and is perhaps the most powerful tool that an average investor can use to plan for many of life’s financial goals, including retirement.
Download Mutual Fund Investment App: https://www.imperialfin.com/mutual-fund-investment-app/