Compound interest

The power of compound interest: visual examples of annual investments

When you invest your money in the stock market, you will come across the term “compound interest” quite frequently. This post is somewhat different from what I’ve done traditionally, but I felt like talking about compound interest was important. I won’t go into details directly on this, instead I want to focus on the numbers […]

Compound interest

How Compound Interest Helps or Hurts The smartest investor

Would you rather earn interest – or pay it? Understanding how compound interest works helps you make better decisions about your investment portfolio and your overall financial life. Compound interest is the ability of your money to earn interest on interest. Contributions to a 401 (k) pension plan demonstrate this perfectly. Suppose you opened a […]

Compound interest

A powerful stream of ancillary income

Choose a topic Investments February 12, 2020 4 minutes to read Source / Disclosures Disclosures: Bhatia and Mandell do not report any relevant financial disclosures. ADD A SUBJECT TO E-MAIL ALERTS Receive an email when new articles are posted on Please provide your email address to receive an email when new articles are posted on […]

Compound interest

TD to start charging compound interest on all personal credit cards – National

TD will begin charging compound interest on all of its branded personal credit cards, Global News has learned. In a letter sent to a TD Visa credit cardholder, the bank explains that it will add unpaid interest charges to cardholder balances at the end of each statement period beginning in March. While many Canadians assume […]

Compound interest

What does Warren Buffett know that you ignore about compound interest?

What does Warren Buffett know that you ignore about compound interest? “The most powerful force in the universe.” “The greatest invention in the history of mankind.” Many people claim that Albert Einstein used these expressions to describe compound interest. Whether he did or not, one thing is true: When considering a wealth building strategy, compound […]

Compound interest

What is simple interest? And how is it different from compound interest?

What is simple interest? And how is it different from compound interest? Americans owe billions of dollars in loans: auto loans, loans to pay bills, student loans, emergency loans. Loans on loans. But many don’t understand how interest is charged on loans – and how that can make them very expensive. Calculating interest can be […]

Compound interest

What is compound interest? It can be your best friend or your enemy

Compound interest can be one of the most beneficial or damaging things to your wallet. And it all depends on whether you earn it or pay it. When you earn compound interest, you could end up with a much larger balance than you originally invested. But when you’re charged compound interest, you could end up […]

Compound interest

What is compound interest and how is it calculated?

Compound interest is one of the most useful and useful tools when it comes to saving money. Whether someone is saving money for their rainy days or emergency fund, or taking the next step to set aside a portion of their salary for longer-term goals like retirement, the accumulation of interest reinforces this objective. Saving […]