Quote:
Originally Posted by ADL Colin
The idea is basically right though. why not use a greater amount per month and a lower rate of compounding. Has to be noted you have to do it in a tax-free account?
|
The greater the amount you tell people you need to put aside, the less they're are willing to start investing.
You are tho, if you are going for the long run, you need to put it in a tax free account.