Hi @markdeheide you couldn't be more right.
From young I've this principle ingrained in my mind - "its not how much you earn, its how much you save". Later when in the workforce, it become "how am I able to make money work for me?". Hence I gradually became interested in value investing.
People often don't understand and/or underestimate the power of compounding. So I like to post this question to them.
Suppose you have 2 options:
(1) $1,000,000 (ie. 1 million dollars) today
(2) $0.01 today but compounded at rate of x2 everyday for a month.
Looking forward to your next post already. Cheers!
Hey, that's from the compound effect right? :) yes compounding can go very nuts if you know how to do it! :) by the way if you do that x2 every day of the month I think you end up on around $3M if I'm not mistaken' so please option 2 for me :)