Calculate compound interest and investment growth over time
Compound Interest: Einstein called it the "eighth wonder of the world." Your money earns interest, and that interest earns interest!
Time in the Market: Starting early is more important than investing large amounts. A 20-year-old investing $200/month can outpace a 30-year-old investing $400/month.
Diversification: Don't put all eggs in one basket. Spread investments across stocks, bonds, and other assets.
Dollar-Cost Averaging: Regular monthly contributions help smooth out market volatility.
Tax-Advantaged Accounts: Use RRSPs (Canada), 401(k)/IRAs (USA), or ISAs (UK) to maximize tax benefits.
Average Returns: Historical stock market averages: ~7-10% annually (after inflation). Past performance doesn't guarantee future results.