Compound interest

What is compound interest? | The bank rate

Compound interest is a powerful force for people who want to build up their savings. That’s why understanding how it works – and how to exploit it – is very important. Definition of compound interest When you deposit money into a savings account or similar account, you usually receive interest based on the amount you […]

Compound interest

I would follow the stock market secret of compound interest to get rich and retire earlier

Many billionaires around the world can credit their fortunes with a lifetime of buying and holding investments. They usually do this by buying an undervalued stock and resisting the urge to sell, even when financial markets are in turmoil. This can be a difficult concept for new investors to grasp, but the reason is simple: […]