Invest Made Easy
Beauty of Compounding Interest
Shane My
Publish date: Mon, 02 Sep 2013, 06:35 PM
Shane My
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Like many of us, we seek for financial security and ultimately financial freedom. This blog is intended to act as a journal of investment as I journey towards that dream. At the same time, I hope that the articles written here would also benefit many others who share the same vision as me.
Malaysians in general tend to overlook the power of "compounding interest" when it comes to investing. Many of us are investing with the goal of obtaining a huge amount of profit/gains in the shortest amount of time. Hence we fall easily into so called "investment" gimmick that promises ridiculous returns in the shortest possible time.
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1 person likes this. Showing 4 of 4 comments
Hi inwest88, rule of 72 is used to calculate the number of years needed to double up your money based on a fixed rate of return. If we are trying to calculate the projected amount after 30 years for example, I don't think Rule of 72 can be used. Cheers
2013-09-03 12:07
nice one, understading it is important for everyone in managing their own money
2013-09-03 12:10
Agree Shane. Anyway to compute over 20, 30 or 50 years just put in the formula in a worksheet and all the answers will be out.
2013-09-03 14:25
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
inwest88
detailed write-up but to simplify the computtation, why not use Rule 72.
2013-09-02 21:26