The lazy way to get rich - MoneyWeek Investment Tutorials

Compound interest is one of investing’s most vital concepts, MoneyWeek’s Tim Bennett explains the magic and the secret to getting rich without really trying. Visit http://moneyweek.com/youtube for extra videos not found on YouTube. MoneyWeek videos are designed to help you become a better investor, and to give you a better understanding of the markets. They’re aimed at both beginners and more experienced investors. In all our videos we explain things in an easy-to-understand way. Some videos are about important ideas and concepts. Others are about investment stories and themes in the news. The emphasis is on clarity and brevity. We don’t want to waste your time with a 20-minute video that could easily be so much shorter. Related links… -What are derivatives? https://www.youtube.com/watch?v=Wjlw7ZpZVK4 - What are options and covered warrants? https://www.youtube.com/watch?v=3196NpHDyec - What are futures? https://www.youtube.com/watch?v=nwR5b6E0Xo4 - What is a swap? https://www.youtube.com/watch?v=uVq384nqWqg - Why you should avoid structured products https://www.youtube.com/watch?v=Umx5ShOz2oU

Comments

1. Problem: banks only pay about 3% interest. Also bank fees usually take any interest you earn especially on small investments.
   And as he said he didn't account for inflation, which generally equals roughly what your interest is.
2. I've known about the power of compounding for a while now, but I always find myself rewatching these videos for entertainment value!
3. Very nice video! But let me say that 5% a year is a very high interest rate actually...
4. No, never do that.
   This guy probably works for the banks.
5. I opened up a 10k savings today and I plan on putting 1-150 a week and watch it grow slowly but surely.
6. Unrealistic returns, you cannot get 5% even less 10% without risking your capital.
7. who is dumb enough to offer compound interest anymore?
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9. It's not a lazy way to make money it's just a long process. who wouldn't want a large tax free income just as they retire. to overcome the inflation problem you just increase your monthly or yearly deposits with the rate of inflation. also the numbers he uses asare small. You can currently put £20000 into a stocks and shares ISA a year so if you can achieve that or build up to it as your salary increases over say 40 years...your pot would be worth several million pounds and you could draw down a tax free income around the 100k Mark ( or what ever the inflation adjusted value of that would be). You don't need 10% growth year for 40 years...that's unrealistic, an average of 5% will still allow compounding to effect your pot. Finally this is something on the side you could do to ensure financial freedom/security for you and your children...something to supplement property investment etc. The it to start early and not touch it until compounding starts to shoot the value of your pot up.
10. So how can i make 1.000.000 ?
11. you can't find an investment that pays out 10% steadily
12. Jokes on us, those interest rates are unrealistic.
13. A more sensationalized titel of this video could have been "The dark secret of the compound interests" ;-)
14. ....and than you die at age 60 and all the saved money is at the bank....
    Invest in crypto currencies if you want to make crazy 10 x 100 x of money invested money within 10 years.. and still be at the age you can enjoy it. No better way to earn money in the lazy way.
15. It's always a good idea to start thinking and acting like this from age 14 on. However, keep in mind that assumptions are made in the video. It assumes positive (not to say substantial) interest rates and assumes that your saved money is indeed safe. Also, keep in mind that the world can change a lot in a lifetime.
16. But what bank would give me 5% compound interest these days? At most, from the banks that I've seen, they're only giving out 1.00-1.50% compound interest. Not very much... :/
17. How does it work if you are investing in common stock? Only with dividends?
18. Are we talking about £100 a month plus 7% annually or £100 a month plus 7%/12 monthly? Because they result in different values and either way I can't get your exact result when doing it in Excel. Close, but no cigar.
19. love your videos. so concise, great info and funny :-)))