Albert Einstein cited compound interest as one of the wonders of the world, and thousands of articles and books have been written about it over the years. This time, I’m taking a slightly different approach. I want to give you some examples that should be very relevant for all investors. In a follow-up column, I’ll […]
To hear some financial planners say, compound interest is a magic carpet: save early and often, and in 40 years of hard work your pennies will turn into millions. That’s how it was explained to Chris Browning, assistant professor in the personal financial planning department at Texas Tech University in Lubbock. When he was impressionable […]