Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

If someone you know wanted to start investing, what best practices would you recommend they follow so they can harness the power of compounding? Explain your reasoning

Sagot :

abiolataiwo2015

The  best practices that i would recommend they follow so they can harness the power of compounding is to invest early.

Harnessing the power of compounding

For a person or an individual that what to harness the power of compounding the best practice is for the person to start his or her investment early or in the first ten years.

Investing early will give you more advantage as it help you to grow your wealth especially if you have a long term investment plan as the amount invested will continue to grow and compound.

Inconclusion the  best practices that i would recommend they follow so they can harness the power of compounding is to invest early.

Learn more about compound interest here:https://brainly.com/question/24924853

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.