"If you aren't thinking about owning a stocks for ten years, don't even think about owning it for ten minutes."
― Warren Buffett
That is pretty high praise coming from the guy that developed the Theory of Relativity.
Compound interest is different than simple interest. Simple interest is calculated only on the original principal amount. Compound interest is calculated on the original principal, and also on the accumulated interest of prior periods.
from your next dollar of taxable income above a pre-defined income threshold. Your average tax rate is the percentage of your income that went to the government; it’s the total tax you paid divided by your total income. As an example, if you made $10,000 and paid $1,000 in taxes, your average tax rate would be 10%.
that evaluates the financial condition of an issuer’s debt instruments and then assigns a rating that reflects its assessment of the issuer's ability to make the debt payments.
on the grossed-up portion of dividends you received from Canadian corporations. (The dividends you receive from Canadian corporations are "grossed up" by 25%. This amount is then included on your income tax form as taxable income. Both Canadian federal and provincial governments then grant you a tax credit, equal to a percentage of the grossed-up amount. This helps to reduce your actual tax payable.)
If inflation, also known as the Consumer Price Index (CPI) is 2% per year, the value of your money will be cut in half in 36 years, (if your not sure about this, see Investment Piece #1).
It also means that you will have to make exactly twice as much money as you make today simply to maintain the same standard of living 36 year years from now.