Business
How to compound your way to wealth in 2021
In more than 10 years of investing, I’ve never experienced anything like 2020. The ups, the downs, the twists! Markets have been changing so quickly that thinking about anything beyond this year, and beyond COVID-19, feels like crystal ball gazing.
That goes for our investing too. However we can’t let the short-term events of 2020 derail the most important vehicle we have for growing our money over long periods: compounding returns.
Compounding is where earnings (or dividends) get reinvested, and those earnings start to produce their own earnings. Over time, this can turn an ordinary portfolio into spectacular, life changing wealth. So here are some quick tips to get that compounding back on track in 2021.
Reinvest those…
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