nifty@lemmy.world to Comic Strips@lemmy.world · 12 days agoSo cleverlemmy.worldexternal-linkmessage-square38fedilinkarrow-up1769arrow-down113
arrow-up1756arrow-down1external-linkSo cleverlemmy.worldnifty@lemmy.world to Comic Strips@lemmy.world · 12 days agomessage-square38fedilink
minus-squareDonkter@lemmy.worldlinkfedilinkarrow-up41arrow-down3·12 days agoI understand compound interest and how it works. If I invest money now, the interest I earn compounds on my accumulated interest on top of the initial investment. It’s not a very difficult or esoteric concept. What now? Do I get a pony?
minus-squareKelly@lemmy.worldlinkfedilinkEnglisharrow-up9·11 days agoThat depends, did you buy ¼ of a pony 20 years ago?
I understand compound interest and how it works. If I invest money now, the interest I earn compounds on my accumulated interest on top of the initial investment. It’s not a very difficult or esoteric concept.
What now? Do I get a pony?
That depends, did you buy ¼ of a pony 20 years ago?