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To: 3niner

Congrats! You must be older than us, or better at saving, LOL!


50 posted on 08/06/2007 4:39:47 PM PDT by Abigail Adams
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To: Abigail Adams

Most likely older. The magic of compounding doesn’t seem to do all that much for the first decade or two (unless you are very good at investing, or very lucky), but it eventually starts adding significant amounts of money to a portfolio.

I’m currently advising a young coworker in getting started. I tell her that she will have much more money than I do, by the time she’s my age, since she’s starting earlier, and is more sensible than I was, but she doesn’t really believe it yet.


54 posted on 08/07/2007 1:55:08 PM PDT by 3niner (War is one game where the home team always loses.)
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