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Gifts special: Giving in the long term

Giving in the long term

By Andy Davis   December 2011

Those of us in middle age are frequently reminded that youth is wasted on the young. This is rarely more true than in investment. Much of life seems to operate under the Law of Time and Money, which says that generally, the more of one you spend, the less of the other you will need.

Most children have little money but much time. The consequences are profound. Research shows that even modest sums put aside over the very long term can increase spectacularly, thanks mainly to the compound growth created when income from the investment is ploughed back in. A…

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