The Power of Compounding Interest. What are you waiting for? Invest some money NOW!
Comments
@magicmindman Never said it wasn't bad to get invested early. I'm just saying that once everyone does the same investment, the Future Value of that investment is gone.
@magicmindman If everyone creates money at the same rate, than that money created is not worth anything. The interest would simply be the rate of inflation.
@magicmindman Inflation.
@BrenttheGreat If everyone does it, then it doesn't work.
I KNOW A WAY IF U ARE IN THE MILITARY SDP!
That may be true, but if you load up on equities during the downturn, you will get interest rates in the 20s-30s when it swings up again. Those high rates balance out to about 15% APY on investments in the American stock markets.
I don't understand why compound interest lessons aren't drilled into kids heads in public schools. Surely money management and investment classes are more important than math classes that you never apply. I understand compound interest. As a result I will have my million plus dollars at age 65 if I never add a penny again @ 10% yearly. Quite impressive only earning 32k/year.