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If there's one legacy that the older generations could leave their offspring, it's the message that investing young makes all the difference. "The most important time you'll ever have investing is early on," said Charles Bennett Sachs, principal and wealth advisor at Private Wealth Counsel.
@hank: Truer words were never spoken ! “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” --Albert Einstein Regards, Ted
The article rightly talks about the problems of negative compounding (i.e. bear markets). -- Strangely though, it neglects to mention a vehicle which can do that, yet still allow participation in equity bull markets --- namely fixed-indexed annuities.
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Regards,
Ted