Compounded growth for a 18 yr old?

Hey!

So, to make it simple, I usually just buy ETFs and individual stocks from time to time. Currently my portfolio is doing very well, I mainly focus on growth ETFs (VOOG…) because I’m young. My emergency fund is full and my studies are not that expensive (I’m very happy to be canadian) so don’t worry about that!

However, from what some people told me, the easiest and safest way to become financially free is from compounded growth or compounded interest (I think it’s the same thing). And from what I understand, it seems like a strategy that mainly focuses on owning high dividend’s paying stocks or etfs and investing back in every dollar you get paid from the dividends.

But isn’t it more profitable for me to focus on growth? Or am I not understanding something



View Reddit by TechnicalTrifle796View Source

Leave a Reply

Your email address will not be published. Required fields are marked *