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The difference becomes much clearer over a 10-year period.
Over 40 years, youll see a more dramatic result.
The $14,600 you invest would grow to $46,706.65.
With a traditional savings account, your balance would only grow to $16,041.43, a $30,000 shortfall.
Over a 40-year period, the effects of compounding would be even more dramatic.
The $14,600 you invest over 40 years would grow to $196,070.46.
Thats just a bit over $1,900 per year, or a little over $5 per day.
Its important to note that any investment carries risks and that no returns are guaranteed.
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