Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

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

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.