12-12-2021, 01:17 PM
Compounding is magical. I think the Templeton story is my favorite. He told his broker to buy 100 shares of every NYSE stock during the heart of the depression. Then he sent him back in to buy the 1/3rd that had already filed BK. Most all of the stocks were under $1 at the time. He didn't get rich overnight but he indeed became very wealthy. Lesson for me is always have some cash and buy when the market is a complete dumpster fire. Easier said than done for most.