Great Investments for the Downturn Oct 5, 2008
With a stock-picker-in-chief at the helm, an active fund -- unlike an index tracker -- can dodge bullets, preserving your nest egg so that when the market's upswing begins anew, you'll have a bigger pile of loot for the miracle of compound interest to work its magic on. Funds also make light work of intelligent asset allocation -- another vital technique for playing defense. (MSNBC -- Business)
Questions to Ask a Prospective Financial Planner Sep 25, 2008
r decidedly not), college savings, emergency fund, delayed gratification, compound interest, rule of 72, estate planning , wills, life ility ins, durable power of attorney, healthcare proxy, LTC ins, etc etc etc). For someone that has read everything out there on all these subjects and is into continuing education with tax law changes and personal financial changes over time, I don't see much extra that an advisor can provide that is worth the $6250, (or $25,000, or whatever) other than access... (SmartMoney)
Biden's Financial History Disqualifies Him For High Office Sep 24, 2008
A normal, hard-working middle class wage-earner who put away a few thousand dollars a year in a tax-sheltered IRA or 401K would have achieved several times Biden's net worth through the magic of regular investment and compound interest. What sort of irresponsible flake averages $245,000 in annual income (plus lavish expense allotments from the U.S. Senate) while spending nearly all his compensation and diverting next to nothing to the family's long-term security. (Townhall.com)
Falling balances hit retiree income Sep 24, 2008
" This time around, the pain is being compounded by the fact that many retirees were encouraged to take on more risk when interest rates were low. Investments such as listed property trusts and bank shares provided better yields than conventional retiree investments such as term deposits but these have been among the hardest hit by the downturn. Other retirees chased yield in so-called safe investments, such as mortgage-based investments and debentures, which didn't prove safe after all.... (Sydney Morning Herald -- Business)
Veep launches maiden National Financial Literacy Week Sep 23, 2008
Alhaji Mahama stressed: "There is a large section of our people who know very little about investing about mutual funds, about private pension and about compound interest.". He challenged media organisations to partner the financial sector to provide financial literacy to the citizenry. (Ghana Web, Ghana)
Gingrich: Bush 'exhausted' Sep 21, 2008
I think it was Albert Einstein who said accordig to him, the most powerful force in the universe is compound interest. However, I refer to scripture that says be the lender and not the borrower. (Atlanta Journal-Constitution)
Sara Thornton admits get-rich-quick overtime offers bring ... Sep 20, 2008
Volunteers were told that night shifts, believed to be paid at 300 each, would give them time to read a good book, take up botany or ornithology, study for your sergeant s exams [or] work out the compound interest on a rest day s pay. One message, marked 108 shopping days to Christmas , sought officers for Saturday shifts and said that the payments could buy the joy and admiration of your children on Christmas morning. (Times Online)
BART fare hike? Show us improvements Sep 15, 2008
However, he's right that nobody earns that, because compound interest is the norm. This question is appropriate on a test because we need to learn simple before we learn compound. (San Francisco Chronicle -- Opinion)
Everything Down, Nothing A Month Sep 9, 2008
Most people dont stretch the idea out over that period of time, but if you do youll get some great help from a friend named compound interest. I dont beat people up for taking out a 15-year, fixed rate mortgage. (Townhall.com)
Raiding 401(k)? You'll pay later Sep 7, 2008
If you calculate the compound interest you lost from the day you took the money out until the day you retire, the loss is incurred year after year. When we retire, we ll have less money in our account than had we left it alone and (taken) out a conventional loan. (Atlanta Journal-Constitution)
M Bhusnurmath: Get back to basics! Aug 31, 2008
But the long-term consequences can be disastrous the magic of compound interest can turn trifling overdues into humungous sums. Unfortunately, advice like cut your coat according to your cloth belongs to another world. (India Times)
Higher energy costs concern consumers-survey Aug 27, 2008
When you lose the benefit of compound interest, you're undermining your retirement potentially for years and decades to come, Nelson said. More than half of those making below $50,000 a year said paying the utility bill is harder due to the economy, and 35 percent said it's harder to make their home mortgage payment, while less than a third of those making over $50,000 said paying utilities is harder and only 17 percent said its harder to make the mortgage payment. (San Diego Union-Tribune -- Business)
New wealth building exercises overlook real empowerment Aug 26, 2008
The impact of compound interest (on capital values over their respective lock-in periods); or. Whether the investments are good for them relative to alternatives such as unit trusts, which offer the prudence of diversity (as opposed to the risk, were it explained, of a single share). (Business Report, South Africa)
READERS WRITE Aug 25, 2008
A high school graduate should know the true value of compound interest, stocks, loans, domestic and international business and what they are about. Also add a good course comparing how a company and our government function and differ financially in operation. (Atlanta Journal-Constitution -- Opinion)
A tough teachable moment Aug 16, 2008
But if the nation s financial health can be threatened by excessive consumer debt, we can t just assume that parents will teach their children such things as the implications of compound interest. That means schools will have to take up the job of teaching personal finance. (Atlanta Journal-Constitution -- Opinion)
Paychecks to rise 3.9% next year, survey shows Aug 7, 2008
And, she added, while the increase may look small "it's like compound interest" so that the percentage increase in one year is actually built on the increase of the year before. Ann Belser can be reached at or 412-263-1699. (Pittsburgh Post-Gazette, PA)
How to stay afloat Aug 6, 2008
Even at the lower rate, you can be worse off because of the compound interest over the longer term. The second consideration is that you can't lose your house over credit card debt, because it's not secured against property - but roll that debt into your mortgage and suddenly it's secured against your home. (Sydney Morning Herald -- Business)
Retirement planning 101 Aug 5, 2008
Compound interest is the eighth wonder of the world and no one is ever too young to start saving for retirement. Like almost everything on earth, the younger the better. (iAfrica.com)
Financial literacy points everyone should know Aug 4, 2008
Those basics include knowing how a credit card works; understanding the beauty of compound interest and the ugliness of paying the minimum balance on a credit card; knowing how to save and invest even when you do not think you can, and so on. And we have not touched on the simplest macroeconomic issues, such as supply and demand. (Business Report, South Africa)
PPF: A secure investment avenue Jul 27, 2008
The popularity of PPF as an investment avenue has been because of various reasons seldom found in other savings instruments - high rate of returns, compound interest, complete safety, no wealth tax, and tax-free interest. A PPF account can be opened at a head post office or at specified branches of some nationalised banks. (India Times)
Tiny difference for a super loss Jul 16, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Opinion)
Lessons For Today's Market From Sir John Templeton Jul 16, 2008
Yet it turns out that thanks to the miracle of compound interest, the Dow would only need to rise about 5% per year to hit that level in 92 years. Sign up now to receive The Global Guru e-Newsletter FREE. (Human Events Online)
2nd Circuit Finds Cash Balance Plans Do Not Offend ERISA Bias Rules Jul 15, 2008
He cited the 6th Circuit in Drutis v. Rand McNally & Co., 499 F.3d 608 (2007), which said, "The better view ... is that the 'rate of benefit accrual' refers to the employer's contribution to a plan, and therefore any difference in output as a result of time and compound interest does not violate 204(b)(1)(H)(1).". The section, Katzmann pointed out, "outlaws age-based reductions in the rate of benefit accrual.". (Law.com)
LETTERS: NCT, July 13, 2008 Jul 14, 2008
HotJobs Local Search. Competition should be part of school. (North County Times)
Beware the debt trap Jul 4, 2008
The wonder of compound interest ... Most of it goes into what Einstein called the eighth wonder of the world: compound interest. (iAfrica.com)
401(k) evangelist spreads the word Jun 29, 2008
As part of their services, Hwang and his co-workers contact nonparticipating employees and extol the benefits of compound interest -- and of being able to afford to eat more than ramen noodles when you're in your 70s. "A lot of people won't think about retirement unless someone sits right in front of them and forces them to," says Hwang, a lawyer by trade. (OregonLive, OR -- Business)
Start Saving With A 401(k) Jun 29, 2008
Here's an important concept that may shed some light on the gaining power of the 401(k): compound interest. This means that not only do you earn interest on your principal, but you earn interest on the interest as well. (Forbes)
The family business Jun 23, 2008
"Jeff jokingly sends John $20 a month. He tells him, 'I want to invest in your future. There will be tremendous compound interest one day when you become a heart surgeon.'". For Jeff, the itch to get into coaching might have first manifested itself while at Clemson. (Clemson Sports -- Rivals.com)
Rogers' blog Jun 18, 2008
Of course, I won t mind if you earn compound interest, you ll say. It s only $23 million per season. (Atlanta Journal-Constitution -- Sports)
Depreciation handy when used-car shopping Jun 18, 2008
Einstein may have been right when he said that compound interest is the most powerful force in the universe, but depreciation runs a strong second when buying a used car. With gas prices hovering around $4 a gallon, consumers are giving used cars a closer look, and with good reason. (MSNBC -- Business)
Before You Commit To Credit Cards Jun 17, 2008
Just as compound interest is your best friend when you're saving money, it's your worst enemy when you owe money. If you can't afford to pay your credit card bill, little fees for things like late payments and going over your credit limit--not to mention interest itself--will cause your balance to balloon. (Forbes)
REVERSE MORTGAGE DRUMBEATS / Jun 16, 2008
Better yet, many programs charge simple rather than compound interest, so interest isn't charged on interest. Some even forgive part or all of the loan if the borrower remains in the house for a specified period of time. (San Francisco Chronicle)
Cruz: Don’t invest enough in stocks to provoke loss of sleep Jun 15, 2008
Q: I was very interested in your articles about Roth IRAs and compound interest, and want to start to invest. Do I just ask for a Roth IRA that pays compound interest ... A: They may understand you at a bank, where you can get a CD that pays compound interest as part of a Roth IRA. Investment firms may not know what you mean, although they, too, offer what you want. (Scranton Times, PA)
If you don't understand the investment, don't put money in until you do Jun 7, 2008
Q. Do I just ask for a Roth IRA that pays compound interest. A. At a bank you can get a CD that pays compound interest as part of a Roth IRA. Investment firms may not know what you mean, although they too offer what you want ... Compound interest may be more appropriately called "compound earnings." It means the money your investments earn - interest, dividends, or capital gains - can earn more money. (Boston Globe)
Oneida land claim case goes before federal appeals court Jun 3, 2008
With compound interest over two centuries, that is worth 500 million today, Peter Carmen, one of the tribe's attorneys, said Monday. At the time, Kahn said he had no choice but to reject the Oneidas' claim to possession of the land after two higher court decisions. (Auburn Citizen, NY)
Euler's Mathematical Contributions Jun 2, 2008
It is an irrational number (meaning that it has no exact value, much like pi and can continue to be written forever), and while no one is exactly sure why, it is incredibly useful in describing a great many real-world phenomena, such as the continuous growth of compound interest and other exponential functions. Number Theory. (Suite101.com)
Let our Money Mentors help: Wisdom earned and shared May 30, 2008
Best financial decision: Albert Einstein said, "The most amazing force in the universe is compound interest." I got out of the Navy in 1969 and went to work for DuPont. I started saving money the next year in a bank account, then eventually in a 401(k). (USA Today -- Money)
Best things in life...Is it possible to survive the day getting everything for free? May 29, 2008
When compound interest of 7% is taken into account, this would amount to a total of 8,648 over 10 years, 25,661 over 20 years and 59,127 over 30 years. If a 35-year-old were to put all the money they spend on coffee into their pension pot instead, at 65 they would receive 3,843 more in their pension every year for the rest of their life. (BBC News -- UK)
Islam and Investing May 29, 2008
(Some Muslims and banks interpret the law to permit simple interest, but not compound interest. . (MSNBC -- Business)
It's the economy, stupid.... May 28, 2008
Did they teach you about the magic of compound interest. For the record, the amount borrowed during WWII has been paid-off (with interest). (Atlanta Journal-Constitution -- Opinion)
TO-DO LIST: 7 ways for Gen Xers to help secure their retirement May 20, 2008
The reason it's better to begin saving now rather than later can be summed up in two words: compound interest. Through the magic of compounding, returns on savings are plowed back, accelerating the growth of principal. (USA Today -- Money)
LJL Funding Now Offers High Yield Income Fund Benefiting from Credit Crunch and High Rate of Foreclosures Nation-Wide May 18, 2008
Benefits of investing in a High Yield Income Fund include diversification, investment performance (past performance does not guarantee future results), being fully invested and compound interest ... Benefits of investing in the High Yield Income Fund (trust deed investments) include: * Diversification - your investment risk is spread over multiple loans * Investment Performance - anticipated high yields (10% +, but past performance does not guarantee future results) * Fully Invested - your... (Yahoo News -- Press Releases)
Obama, McCain: Mushy middle? May 13, 2008
the dollar is doomed, our domestic oil reserves have been drained, and our workers only understand compound interest. our economy has for the last decade at least been based on manipulating green paper, and that green paper is rapidly becoming worthless Fall Hammer, Fall. (Atlanta Journal-Constitution)
Don't do anything stupid May 12, 2008
If you re that cheapskate I just described, chances are you ve already discovered the magic of one of humanity s greatest discoveries, the power of compound interest. The fact is that money wisely invested can double itself every 10 years or less. (Orangeburg Times and Democrat, SC)
American might: Children of the 'huddled masses' May 10, 2008
" True, but let's play another game, that of compound interest. China's (nominal) GDP is about $3 trillion, while America's is $14 trillion. Assume indefinite Chinese growth of 7 percent. That will double GDP to $6 trillion in 10 years and double it again to $12 trillion by 2028. Assume now that the United States will grow at its historical rate of 3.5 percent. By 2028, GDP will measure $28 trillion. American output would still be about one-quarter of the world total, the average for the past... (International Herald Tribune -- Arts)
Stricter credit card rules a good idea May 8, 2008
The average high school student, for example, cant balance a checkbook or explain compound interest. Simply understanding the latter term would keep many a college student and young adult out of financial trouble. (Carlisle Sentinel, PA)
Retirement seminars offer farewells with foresight May 4, 2008
Mr. Diamond understands why employers are concerned about liability, so they need to look out for good financial educators who simply offer general information about, say, how to build a retirement plan or how compound interest works. If you can see them in action with another group before hiring them, all the better. (Globe and Mail)
McCain Veepstakes: Running with Ryan? May 3, 2008
It s good because the power of compound interest is harnessed on behalf of the individual. It s also good for political and philosophical reasons, because people become more independent. (Human Events Online)
THE REBEL: Social Security personalize it! May 2, 2008
Its foundation should be in what Einstein called the miracle of compound interest and long-term investment ... For Social Security to not use the power of American ingenuity, business, and compound interest is nothing short of absurd; and any insurance system not using the greatest number of people in the risk pool is, likewise, ludicrous. (Hingham Journal, MA)
The Secrets of Top Hedge Fund Performance May 2, 2008
Through the miracle of compound interest, $57 billion of $62 billion of Buffett's wealth would have been the property of Buffett the "investment manager" and only $5 billion would have gone to Buffett "the investor." The effect of compounding at 14% (the returns after fees), rather than at 20% (Buffett's long-term investment track record), is to reduce the accumulated pot by more than 90. The Secrets of Top Hedge Fund Performance: How They Did It. (Human Events Online)
Never too soon to retire May 2, 2008
Once in super, the earnings are taxed at only 15 per cent. That gives you the benefit of years of compound interest (and dividends) to build a nest egg. REWARDING CO-HABITATION. (Sydney Morning Herald -- Business)
Beware the super villains May 2, 2008
Brown's client signed over the money to her relative leaving her with a debt that was accumulating compound interest at a fast rate on her major asset. "When I discovered this, I approached the lender asking them what steps they had taken to verify that this woman was capable of understanding what she was doing," he says. (Sydney Morning Herald -- Business)
Prius Isn't the Cheapest Way to Cut Energy Bills Apr 21, 2008
That's the miracle of compound interest -- if you keep your savings invested. Can you wait two years and invest those deferred payments. (Bloomberg -- Columnists)
Confounded by compound interest? You're not the only one Apr 19, 2008
Confounded by compound interest ... Confounded by compound interest ... A compound interest lesson is important and worth repeating. (Boston Globe)
Is now the time to take equity out of your house? Apr 16, 2008
" Many homeowners are relying on rising real estate values to help fund their retirement, but the stark reality is that many of them have saved so little that they may need to tap into their home equity for big-ticket buying, emergencies and investment capital. Advisers who advocate using home equity for investments say that one of the benefits is that the interest homeowners pay on the loans is simple interest, while the interest they earn is compound interest. "Even if the interest rate is the... (Pittsburgh Post-Gazette, PA)
Counting 100-year-olds can be tricky, even for Hallmark Apr 14, 2008
Estimates of centenarians are especially susceptible to changes in death rates; if fewer people die at each age, the number of projected survivors at each age grows like a bond with compound interest. Its very dicey, to be blunt, Frederick Hollmann, a Census demographer, says. (The Pantagraph newspaper)
Nest egg will be working when you aren't Apr 3, 2008
If you think about it, said Russell Canada president Irshaad Ahmad, it's just an extension of all the stuff we've been taught about compound interest all our lives. It's just that we haven't thought about post-retirement much. (Globe and Mail -- Business)
Inside The National Debt Control Room Apr 2, 2008
"Albert Einstein called compound interest one of the great wonders of the world. It adds up really fast," Wheelan said. "And I'm not sure we fully appreciate, either on the public or on the private level, how quickly you can get in borrowing trouble.". (CBS News)
New research shows that 60% of investment earnings can come after retirement Apr 2, 2008
"We all know the power of compound interest over time. But what really struck us about the research was the high percentage of retirement portfolio returns that could be generated after retirement," says Ahmad. "That's why it is important to remain invested in some allocation to equities during your retirement years. You need to continue to grow your portfolio to protect against inflation and rising costs such as health care. Keep in mind that it's not the end of the investment journey when you... (Canada Newswire)
Ideas on improving high schools? Apr 2, 2008
They need to get away from the traditional courses which are boring, and get to some more relevant ones, sunch as Arithmetic for hte Poor that explains monthly payments, compound interest, and credit card debt to people who are caught up in those webs. Or Safe Sex with Many People and The Benefits and Problems of Being Pregnant before 18 and How to Buy a Car or How to Rent an Apartment or How to Apply for a Job or How to figure out an Income Tax Form or How to Work with the State Welfare system. (Atlanta Journal-Constitution)
Important Mathematical Constants Apr 1, 2008
It is the key, in fact, to such common mathematical problems as calculating compound interest - an important tool in the financial world. The Golden Ratio. (Suite101.com)
Letters for Tuesday, March 25, 2008 Mar 26, 2008
When they had the chance to use tried market forces, i.e. compound interest. they passed, so they could spend. (North County Times)
What not to do with your money Mar 21, 2008
Of course, this will be limiting your ability to make money with compound interest, but it may fatten your paycheck by a hundred dollars or so. You may also consider taking out a home equity line of credit, even though the credit crunch has made it harder to qualify. (CNN)
At 75, She Has The Cash Numbers Mar 21, 2008
"The solution is impressing compound interest on kids," she said. "No start is too small, but you have to start!". (Investors Business Daily)
Rotary News: Whatever happened to the Greater Georgetown Rotary Club? Mar 20, 2008
Now that s compound interest. We aren t done yet. (Georgetown Record, MA)
