Comments on: Power Of Compound Interest http://www.pfadvice.com/2006/09/23/power-of-compound-interest/ Bridging the gap between saving money and investing Sat, 11 Oct 2008 22:10:51 +0000 http://wordpress.org/?v=2.6.1 By: James http://www.pfadvice.com/2006/09/23/power-of-compound-interest/#comment-7740 James Sat, 21 Oct 2006 20:23:22 +0000 http://www.pfadvice.com/2006/09/23/power-of-compound-interest/#comment-7740 This tutorial on Long Term Compounding Interest shows a graph where the monthly compounding amount of 148,940 is so much higher than the annual compounding of 146,419. But in today's economy, how do you achieve monthly compounding? Are there any tricks? For example, i know of ING Direct offering GICs where you lock in your money for 4% for 6 months, so thats semi-annual interest? This tutorial on Long Term Compounding Interest shows a graph where the monthly compounding amount of 148,940 is so much higher than the annual compounding of 146,419.

But in today’s economy, how do you achieve monthly compounding? Are there any tricks?

For example, i know of ING Direct offering GICs where you lock in your money for 4% for 6 months, so thats semi-annual interest?

]]> By: Tim http://www.pfadvice.com/2006/09/23/power-of-compound-interest/#comment-6741 Tim Sun, 01 Oct 2006 21:02:37 +0000 http://www.pfadvice.com/2006/09/23/power-of-compound-interest/#comment-6741 The person who created this video had stolen content from the Vanguard website. I wouldn't advocate supporting this director since he probably used a video camera to record his computer monitor. https://flagship.vanguard.com/VGApp/hnw/content/SiteWide/FlashPgs/SWFlshPwrOfCompContent.jsp The person who created this video had stolen content from the Vanguard website. I wouldn’t advocate supporting this director since he probably used a video camera to record his computer monitor.

https://flagship.vanguard.com/VGApp/hnw/content/SiteWide/FlashPgs/SWFlshPwrOfCompContent.jsp

]]> By: Paul G http://www.pfadvice.com/2006/09/23/power-of-compound-interest/#comment-5756 Paul G Sat, 23 Sep 2006 23:57:53 +0000 http://www.pfadvice.com/2006/09/23/power-of-compound-interest/#comment-5756 Great example of the power of compounding. Folks would be well advised to keep this in mind when taking out a loan as well. Paul Great example of the power of compounding.

Folks would be well advised to keep this in mind when taking out a loan as well.

Paul

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