5 Investing Tips to Double Your Money

The whole point of investing is to turn a little bit of money today into more money in the future. Doubling your money not only sounds like a great goal, but done enough times, it's enough to turn a small amount of cash into a fairly substantial nest egg. Doubled once, $1,000 turns into $2,000. Doubled twice, it turns to $4,000. Doubled 10 times, that single $1,000 investment can become a nest egg worth over $1,000,000.

That snowball effect of compounding is what makes doubling your money a powerful objective for your investing journey. With that in mind, these five investing tips can help you on that path to double your money, hopefully multiple times throughout your career.

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Source Fool.com