Compounding interest

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I’ve gotten as far as buying $1000 worth of XEQT in TFSA do I just leave it for 30 years now?

In: Economics

7 Answers

Anonymous 0 Comments

Stock funds don’t earn interest, they see share price growth. It too compounds…. 10% this year would $100 on your $1000. If it’s worth $2700 years from now and increases 10%, you’d see gains of $270.

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