Tuesday, January 8, 2013 - 4:55 AM

Saving And Compound Interest

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.

Read more

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%.

KenBDG5,146 posts since
Nov 29, 2009
Rep Points: 117,030

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.

Shorebreak1,294 posts since
Apr 6, 2010
Rep Points: 4,857