Hello everyone, I hope you had a good and refreshing weekend. Also, I hope you were all productive and profitable in July, as we welcome another new Month, today is the first day of August.
I’d like to talk about the power of compounding today.
Did you know that if you started investing with P5,000 today, adding P5,000 a month for 10 years and with a forecasted interest rate of 10% per month, you will have P1,046,295 at the end of ten years?
Your total money invested would be P605,000 and would earn a total of P441,295. That’s a lot of money earned, just by regularly investing P5,000 per month for 10 years. This amount could still actually be bigger if we consider re-investing dividends paid out by the companies whose stock we own.
Also, the 10% forecasted interest or gain is quite modest, considering that the gains of the stocks the Truly Rich Club invested in sometimes reach up to 37.55% and the lowest gain so far is at 8.48%
That’s the power of compounding, with patience you can really become a millionaire.
This is exactly why Albert Enstein called compounding interest the eighth wonder of the world!
Let me and the Truly Rich Club guide you on our way to becoming a millionaire. Join now!