We recently wrote about the power of compounding. We stated that starting in 1988, one of our members built his portfolio from $148,611 at a compound annual growth rate of 8.79% to a recent figure of $1,000,560.00.
Correction!
The actual figure is $1,560,000.00.
We apologize.
On another issue, those interested can quickly obtain detailed information on Biden’s multi-trillion dollar infrastructure plan from many reliable sources; there is nothing worthwhile that we can add, except the following observation.
There’s no mention of reducing the cost of university education.
University education is free (covered by the taxpayer) in Denmark, Finland, Germany, Iceland, Norway, Sweden, Argentina, Brazil, Cuba, Ecuador and Venezuela. Educated people earn more and pay more in income taxes so in these countries, taxpayers recover their investment easily.
By way of contrast, the US and Canada, the wealthiest countries in history, burden their university students with crippling debts. Further, students cannot eliminate education debt through bankruptcy.
We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.
The program does not provide any investment advice or endorsements.
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