Health & Fitness
#16 of “21 Critical Retirement Questions Answered” One at a Time by Gene Offredi CFP© RFC
"What exactly is compounding? Why has it been called the most powerful force in the universe?
Retirement Saving Terms And Issues
Q #16: “What exactly is compounding? Why has it been called the most powerful force in the universe?Compounding is the growth you receive on your investments plus the additional growth you receive on interest, dividends, and/or capital gains that accumulate in your account. In fact, legend has it that Albert Einstein called compound interest “the most powerful force in the universe.” The longer you keep your money invested, the more compounding works to your advantage.
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