Chief Income Strategist Marc Lichtenfeld spends most of his waking hours dispensing brilliant and insightful financial commentary. (Those are his words, not mine – but don’t worry, Marc, I wholeheartedly agree.)
In his spare time, though, he can often be found in crowded arenas, whipping a crowd into a frenzy before a big fight.
In case you weren’t aware, Marc is a Hall of Fame boxing ring announcer who’s announced fights on HBO, Showtime, and ESPN.
As he explains in this popular episode of his YouTube series, State of the Market, his boxing career has actually mirrored one of his favorite investing strategies.
Early on, he did lots of smaller fights that weren’t televised, where he’d have to hand the microphone to someone else after the cameras started rolling.
But as his career progressed, he started traveling the country to announce bigger events – and eventually got to the point where someone else was handing him the mic.
Compound interest works in much the same way. Just get started, create good habits, and focus on making steady progress, and – as Marc says in the video – “you’ll be astonished at how well you do down the road.”
To watch the episode (and see just how crazy your compounded returns can be), click the image above!
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