Albert Einstein referred to the idea of compounding as the eighth wonder of the world. Although he was not talking directly about dividends, the process is the same idea. Compounding dividends can help you build wealth over time. And the process can work for small and large accounts alike.
Today's video will discuss this using the Schwab US Dividend Equity ETF (SCHD -0.10%) as an example.
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*Stock prices used were end-of-day prices of Oct. 19, 2023. The video was published on Oct. 20, 2023.
