Time Marches On
The miracle of compounding is available to anyone who chooses to purchase a modest number of shares in companies that offer a dividend reinvestment plan – simply set and forget!
This is nowhere near as exciting as either checking the ASX online or grabbing the newspaper each morning to see whether your portfolio of shares or your single favourite investment has gone up or down. It’s much more satisfying than compound interest, especially if the shares come with the regular dividends where 30% of the dividend comes back to you as a tax refund.
One minute on a calculator will demonstrate the magic of compounding. All that is further needed is the conviction that ten, twenty or even thirty years disappear VERY quickly.