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Saving And Compound Interest

Tuesday, January 8, 2013 - 4:55 AM
From the NYT Bucks Blog
It’s not very exciting at the beginning, but compounding becomes a powerful force after years of patience and discipline.

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Unfortunately, very low interest rates reduces the impact of compounding. As I showed in this post, compounding does little when rates are under 1.00%.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Tuesday, January 8, 2013 - 1:23 PM
"They both earn 7 percent on their savings."

More nostalgia. I believe this is a similar article I read about 35 years ago published in a newspaper by the Savings & Loan industry concerning the power of compound interest.
ShorebreakShorebreak2,695 posts since
Apr 6, 2010
Rep Points: 14,611