Returns – front-ended, in the middle or back-ended?

An illustration depicting the same ??

_Returns can accrue to an investor during any phase of the holding period_

Sometimes, they start to accrue immediately after one invests, some other times, during the middle phase & in some instances, they accrue only during the last phase of the holding period.

Does it really matter when these returns are accrued, as long as the average CAGR return is achieved?

It doesn’t ?

_What matters is the end result_

All that happens along this journey is an experience in itself.

_*Stay the course*_
_*Stick to the holding period*_
_*Keep the journey intact*_

_*NO TIME, LASTS FOREVER*_

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