The Magic of Compound Interest
There is no way to go back in time but imagine the results if you started investing today!
Our friends at Vanguard have put together a short video to explain how interest and earnings compound astronomically over time.
Their example in the video had an initial contribution of $10,000 plus monthly contributions of $500 (a total of $190,000 over 30 years) which accumulated to more than $880,000 when invested in the Australian stock market.
That is the magic of compounding.
