Dear authors of the books on financial, retirement, or investment planning; there is nothing like the “magic of compounding” in interest-based investment anymore. There is no interest rate like 10, 12, or 15%. Our current economic situation and interest rates nullify this claim. Please adjust your thinking and write more realistic/timely books for folks like myself to benefit from; how shall we invest in this economic environment?
I suspect you do not have a clear or guaranteed ideas either, but at least let’s retire this “the magic of compound interest” thing.