What major decisions have you made WITH your money in the past 10 years?
There is certainly nothing wrong with those answers.
If you were asked:
What major decisions you have made FOR your money over the last 10 years?
How would you answer that?
The Power of Ten
Financial sites will always tell us the importance of investing and how well the market has done since its inception over 100 years ago. For most individuals, that sounds great, but it’s hard to fathom waiting such a long time to realize gains on an investment. So instead of going back 20, 50, or 100 years, what if we looked at how the value of a $10, $100, or $1,000 investment in a company that you are familiar with performed in JUST the last 10 years. What would we see?
As you can see from the chart above, it’s less about having a ton to start off with, and more about getting started that matters most. In a few short years – as few as ten – a small investment can increase significantly. It’s important to remember that the past is not an indicator of future results, but it can shed light on the future’s potential.
And so we leave you with the following question: Where will your money be in 10 years?