How To Double Your Money In The Market
Josh Brown here. I’m a financial advisor and the CEO of Ritholtz Wealth Management. One of my favorite things to do when I talk to investors is show them how compounding works. The look on people's faces never disappoints. But demonstrating the rapid growth of dollars is more than just a parlor trick. It's one of the most important concepts that investors need to learn — the younger they are when they learn it, the better.
In a typical public school curriculum, children are taught geometry, trigonometry, fractions, decimals and algebra. But when I show they how money can double in an investment, again and again during the course of their lives, they're still blown away.
Especially when I explain that time is a better friend to the investor than experience, connections, expertise, or even research.
And yet so few people seem to have a good grasp of the power of compounding. So I hit the streets of New York in May 2019 to spread the word.
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How To Double Your Money In The Market
Видео How To Double Your Money In The Market канала CNBC Make It
In a typical public school curriculum, children are taught geometry, trigonometry, fractions, decimals and algebra. But when I show they how money can double in an investment, again and again during the course of their lives, they're still blown away.
Especially when I explain that time is a better friend to the investor than experience, connections, expertise, or even research.
And yet so few people seem to have a good grasp of the power of compounding. So I hit the streets of New York in May 2019 to spread the word.
Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
How To Double Your Money In The Market
Видео How To Double Your Money In The Market канала CNBC Make It
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