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Society |
One strategy is called “triple compounding”, suggested by Steve Sjuggerud. Sjuggerud is the writer of investment letter “True Wealth”. He unfolds, “Your account can grow at rapid speeds for three reasons: First, you are adding to your account every month. Second, if you invest in growth mutual funds, your account’s NAV (net asset value) is likely to increase overtime. Third, all dividends and distributions are automatically reinvested”. |
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