We’re proud to share that our Chief Investment Officer and CEO, Steven Rogé, was recently featured in an Investopedia article by journalist Beverly Bird titled, “Here’s What Saving $5 Every Day for 10 Years Could Do for Your Savings.”
The article illustrates how setting aside just $5 a day can grow into nearly $21,000 over a decade thanks to the power of compound interest and the benefits of using a high-yield savings account. It breaks down how interest rates fluctuate over time and why consistency, not large sums, is the real key to building wealth.
Steven contributed his perspective on how banks determine savings rates, explaining that they often move in response to both market conditions and competitive pressures. This means online banks may offer higher yields due to lower overhead costs. He also emphasized that time in the market matters more than chasing the best rate, encouraging savers to start the habit first and refine their strategy later.
We’re excited to have Steven’s insights featured in Investopedia, and we thank Beverly Bird for including his perspective in this thoughtful piece on the long-term value of consistent saving.
Click here to view the full article.
For tailored guidance on managing your wealth or questions about investment strategies, please contact our team of CERTIFIED FINANCIAL PLANNERTM (CFP®) professionals for a complimentary discovery call at 631.218.0077, or click here. We would be happy to show you how our financial planning process can help you stay on track and achieve your financial goals. You can also send us a message directly.
R.W. Rogé & Company, Inc. is an independent, fee-only financial planning and investment management firm serving clients locally and virtually across the country, with Long Island, New York, and Beverly, Massachusetts office locations. R.W. Rogé & Company, Inc. was founded on a “client first” culture and proudly commits to acting in your best interest as a fiduciary. We have helped clients Plan, Achieve, and Live® the life they want since 1986. To learn more about how we do this, as well as our process, explore our detailed overview of services and approach.
