as Albert Einstein said that compounding is the eighth wonder of the world here what is the meaning of compounding
Answer (1)
22nd Oct, 2020
Hi,
I think you have just heard a part of it.
He said and to quote, "Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it"
He talked about compund interest and the explained the exponential growth over the period of investment.
Your success as an investor is a function of two things:
- your net investment return over time;
- the length of time you remain invested.
These are some of the interesting facts about compound interest and the world of investment and share maket stands on it.
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