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Compounding Can Add Fuel to Your Portfolio
If you enter the terms "Albert Einstein" and "compounding" into an Internet search engine, you'll discover a wide variety of quotes attributed to the great inventor. Some results say Einstein called compounding the "greatest mathematical discovery of all time," while others say he called it the "most powerful force in the universe." Despite the many variations, Einstein's point is valid: compounding can add fuel to your portfolio's growth. The key is to allow enough time to let it go to work.
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I have an irrevocable trust with my three sons named as beneficiaries. Can only one son draw money out of that account or do all three have to sign? Read Answer
