You’ve probably heard of the power of compounding before, but do you know its true power and use that power to amplify your wealth?
In this episode, financial advisors Scott Kyle and Patrick Fischer break down compound interest and how to use it to grow your wealth with stocks, dividends and options.
Scott is the CEO and Chief Investment Officer of Coastwise Capital Group, LLC, a boutique money management firm headquartered in La Jolla, CA. He is a co-founder of The Active Network, Inc. where he served as CFO and on the Board of Directors.
Patrick is a Financial Advisor at Coastwise Capital Group, LLC. He began his career with Scott at G2 Capital Management in La Jolla in 2002 as an equity research associate. From 2004 to 2008, Patrick co-managed a systematic global macro hedge fund at Mellon Capital Management in San Francisco.
Related podcast: Starting and Getting Confident in Stock Trading
Related: What is an ETF
The Military Money Show is supported by Navy Federal Credit Union. Navy Fed is helping military members and their families tackle homeownership
during these high-interest rate times with their new no-refi rate drop. The way it works is if you buy a home now and mortgage rates drop later, you could lower your rate by paying a low fee instead of refinancing and paying thousands in closing costs. You can learn more at navyfederal.org.
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