nifty@lemmy.world to Comic Strips@lemmy.world · 4 months agoSo cleverlemmy.worldimagemessage-square32fedilinkarrow-up1741arrow-down112
arrow-up1729arrow-down1imageSo cleverlemmy.worldnifty@lemmy.world to Comic Strips@lemmy.world · 4 months agomessage-square32fedilink
minus-squareDonkter@lemmy.worldlinkfedilinkarrow-up40arrow-down3·4 months 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-up9·4 months 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?