News From Press Compounding: the magic in investing

Compounding: the magic in investing

Source: Livemint Nov 8, 2016

Everyone is free to grow their wealth. For instance, if you invest just Rs2,000 each month from when you start earning and keep at it for 25 years, the final value of your investment would be about Rs20 lakh, assuming a return of 8% per annum. Your principal amount in this would be only about Rs6 lakh. The remaining Rs14 lakh would be the interest and interest on interest, in other words compounding. Just let the money remain invested and the magic of compounding does the rest.

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