By Mike Dariano of The Waiter's Pad
If you invested twenty dollars a week how much money would you have?
Well, it depends. When did you start?
The start is important because the sequence matters. Let’s follow the advice from Richard Zeckhauser and think in extremes.
If things were ideal, an investor’s early years would have low (or even negative) rates of return and their later years would have high ones. Would you rather double your net worth at fifteen or fifty-one?
The most favorable market returns transform 30,000 into 3,200,000 after thirty years. Wild.
But the worst conditions cede only….. read more