Understand Compounding

You probably think you understand compound interest... interest earns interest, multiplying over time.  However, a short article in the Journal of Financial Planning explains why you need to start early and why you don't see big gains in the first few years. Check out this article "Why Investors Need to Understand the Shape of the Compound Growth Curve" by Jeff C. Parsons, CFP^® http://www.onefpa.org/journal/Pages/MAY14-Why-Investors-Need-to-Understand-the-Shape-of-the-Compound-Growth-Curve.aspx