Mar. 6, 2013

The Power of Compounding

I'm going to be doing a presentation tomorrow to my classmates about investing while you're young. I came across this fantastic article on the Bank of Montreal Website that demonstrates the power of investing while you're young

In this example, two different investors invest $1800 a year for their retirement. However, Catherine invested while she was young, and look at the difference it makes! Peter had to invest for more than 3 times the length that Catherine did just from waiting to save.