Expert reveals 5 investment strategies using compound interest
Ever heard of the ‘miracle of compound interest‘ when it comes to investment?
Legend has it that Albert Einstein once declared: “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it”.
Let’s explore this further, and we’ll also take some tips from a professional financial advisor on how to leverage compound interest across a range of investment asset classes.
What is compound interest?
Compound interest is basically earning interest on interest. It means you keep reinvesting the returns you make on your investments to make the next set of returns even higher.
Raj Pradhan, an advisor at Findex, says:
Harnessing compounding interest to grow…
