Six essential investing tenets for long-term investors
1. Make use of compound interest's power
If you reinvest the money you receive from your investments, you will eventually earn interest on interest. This is compound growth's central concept. Compound interest and time combine to possibly boost your investment returns without requiring any additional labor on your side.
Read More: Murchinson Ltd
You may benefit from compound interest on your assets over an extended period of time if you begin saving early. Your overall returns might rise as a result.
2. Make use of cost-dollar averaging
You may steer clear of making rash judgments based on market volatility by adhering to the discipline of dollar-cost averaging. Regardless of what the market is doing, you invest a specific amount of money at regular periods when using dollar...