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Podcast: The Investor Coaching Show with Paul Winkler
Episode: The Problem With the Invest America Act No One Is Talking About
Description: “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it." This quote is often attributed to Albert Einstein and is the driving force behind the new Invest America Act proposed by Sen. Ted Cruz in early May, which would give each American born $1,000 at birth in an investment account that could be added to over the years and taken out of when they are an adult. This idea has been praised by many, and Paul even admits it is a tempting proposition, but there is a problem with the bi...