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RE: Why understanding compound interest will change your life
Thanks mate, good advise,
Compounding interest is how the banks make a fortune from credit cards, home loans ect. My strategy for crypto trading is to return a small 8% return per investment. 3% to cover fees and 5% profit.
5% sounds small at first but considering your post, over many years it will accumulate to a large sum worthy of my retirement plans. Hard part is sticking to the plan, having the time to trade daily and hold tight even when the market is in decline.
If that is your plan, you might want to consider stock market index funds, because they have limited fees and they are less volatile than the cryptomarket. But in the cryptomarket you also have a chance to make a ton of money.