Compound interest

Compound Interest: 3 Dividend Stocks That Can Make You Rich

Image source: Getty Images Compound interest can be extremely powerful, especially for long investment timeframes. However, investing for the long term and maximizing the power of compounding takes discipline and patience, as it requires implementing a buy and hold strategy. Any investment can grow and accumulate over the long term, but dividend-paying stocks that return […]

Compound interest

The Squeeze: compound interest – the eighth wonder of the world

Investor sentiment is falling every day in the face of war and inflation. Given this, it seems like the time has come to discuss the magic of “compound interest”. Albert Einstein (allegedly) described it as the “eighth wonder of the world”. And while it’s a simple concept, we need to remind ourselves from time to […]

Compound interest

Compound interest; Is the future of semiconductors in silicon?

By Jordan Lorence, Marketing Manager, MRL Consulting Group The shortage of semiconductors has put chips on the front pages of every tech newspaper, blog and website, highlighting how important these tiny pieces of technology are to society. Most often made from a single compound called silicon, these chips have advanced at an exponential rate since […]

Compound interest

How does compound interest make credit card payments more expensive?

Image source: Getty Images It’s important to understand this key feature of credit cards because it increases your costs. Key points Credit cards are a common form of borrowing. It is expensive to maintain a balance on credit cards due to high interest rates. Compound interest can worsen a credit card balance because it accumulates […]

Compound interest

The true power of compound interest

If you tell me about compound interest, I will automatically think of the traumatic experience I had in college trying to calculate it with pen and paper. Nevertheless, even I appreciate its unofficial title of “eighth wonder of the world” (in the words of Albert Einstein, it seems). A quick reminder: compound interest occurs when […]

Compound interest

Understanding Compound Interest – Forbes Advisor UK

Albert Einstein once said, “Compound interest is the eighth wonder of the world. Whoever understands it, wins it. Whoever doesn’t, pays. Compounding takes place when interest is calculated on both the original amount invested or borrowed (the “principal”) plus interest from previous years. This differs from so-called “simple” interest, i.e. when interest from previous years […]