“Yes, investing can be volatile, and periods like December 2018 can make it quite tough, but if you are saving for retirement and have potentially decades to go until retirement, one of the best things you can do during periods of market stress is nothing,” explained Senior Market Strategist Ryan Detrick. Compounding interest essentially means “interest on interest,” and it’s why so many long-term investors have been successful. As Einstein stated in his quote, compounding interest can be extremely powerful for investors over time. When should you start investing? Yesterday is one of the best answers we can think of. “Compounding interest is the eighth wonder of the world.” Albert Einstein
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