I am recently watching videos about investing and financial freedom. I usually hear people like Tony Robbins say that compound interest is such a great thing. It is a wise way to invest your money for a long period of time. I have heard it from several others as well. But I have no idea which investments give us compound interest. I was hoping if you guys know about it and I would be very happy to be educated about it. I am in my early 20s and want to make right decisions for secure and prosperous present and future. I would really appreciate your words and advises. Thanks
Have a think about what you're actually investing in before blindly deciding to do so simply because you can "compound" your investment.
Sometimes earning simple interest or capital gain can far outperform interest that is compounding but low.
Essentially, anything can be compounded if you simply reinvest your earnings back into the investment vehicle. Equities with dividends, bonds with coupons, anything of that sort. Again, the frequency of compounding and the ROI figures should be what you look at, not just a binary yes/no.