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Shulingg Chen
22 Nov 2019
Scientist at LonzA Biologics
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invest, then reinvest to fund your "future" lifestyle
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Eric Ong
22 Nov 2019
Project Analyst at 8Bit Global
We love passive income to fund our lifestyle. Hence, I would ask myself if I have enough passive income to fund my lifestyle. If I have yet to reach that, I would reinvest and continue to build up my portfolio, and have a larger passive income moving forward. Ultimately, to reach Passive Income larger than Lifestyle Expense
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Paridhi Jhunjhunwala
22 Nov 2019
Associate at Kristal.AI
Hi!
There are basically 2 objectives that you can invest for: growth and income.
If you are investing for growth, you would pick the option of reinvestment as this will help you grow the interest earned as well and there will be a compounding effect.
If you are looking for income, you would pick the option of withdrawing the interest earned and use it to fund your lifestyle. Here, the capital will not grow.
I work at kristal.AI, and it's my passion to evaluate various upcoming investment opportunities.
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It depends on whether you want to compound your interest or not. With a long time horizon, compound ...
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Go for delayed gratification rather than instant gratification! You’ll be awed by the power of compounding interest.