|
|
|
|
|
by marketgod
2155 days ago
|
|
Then maybe add more because the market returns are suppose say 5%, but they are generally much more higher, around 10% over a 15-year period. Over 14-years that money doubles, but the market is performing at 10%, and even higher lately, so that's 7 years. So instead of buying that model 3 in 5-years if you continue adding small increments that Model 3 turns into a Model S in 7-years. The issue is many people hold a savings account in cash but then inflation eats you up, or they store it in a savings account, but then you break even with inflation. Taking advantage of compound interest is huge. |
|