nifty@lemmy.world to Comic Strips@lemmy.world · 7 months agoSo cleverlemmy.worldexternal-linkmessage-square37fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkSo cleverlemmy.worldnifty@lemmy.world to Comic Strips@lemmy.world · 7 months agomessage-square37fedilink
minus-squareDonkter@lemmy.worldlinkfedilinkarrow-up0·7 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-up0·7 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?