Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value.
Grades are just formality, Knowledge is the results of those sacrifices and the one that will be used in the future. Did you failed ? Yes. But, did you understood the concept ?
Jacob Bourke you're lucky that you had this resource, I didn't when I went to school so... but you have to have basic understanding for it to make any sense.
Banks aren't going to provide 5%. Investing in diversified index funds are more likely to provide something around that amount. However, funds have up and down years depending on how the markets perform. So at best you can estimate an average annual rate of return, say 5%. That could mean that in one year, the rate of return is -5%, and the year after, it's +15%. On average, that would be 5% over the two years.
understanding both the power of compound return and the difficultly of getting it is the heart and soul of understanding a lot of things - Charles T Munger
No a bank will not offer 5% but a mutual fund in the stock market will offer 5% - 10% over time invested monthly. Basically 5-10 cents for every dollar you invest. Whereas bank offer less than 1% 0r less than a penny for every dollar you deposit. Banks can offer 2% in money market accounts but require a "small" $1,000 deposit lol
Good video and nice animations. Does a good job of explaining compound interest. Reading through the comments I think it's good to note that the interest rate is not the point here. Its more important to understand the principal. There are other videos on where to invest in.
This is really helpful for the simple fact social security retirement might not be a thing in 40 years so we should definitely start by continuing to work harder and start saving this way. Tell you one thing I don't want to be working after 65 when I'm supposed to be enjoying the golden years of my life so I'm definitely going to start with small amount and then let it snowball from there.
This is the right time to invest in cryptocurrency The biggest secret in profiting from forex is by getting a varified trader who really understands the market to trade for you while you take zero risk of losing or blowing your account... inexperienced and inconsistency kills alot of amateur traders hopes.. I personally earn $10,000 every week trading just because someone who understands the market really well is in charge of my trades.... I'm happy to share my success to Mr Donald has a reliable and consistent trader.. he's a genius.
I truly came for why is compound interest concept is used for formulation of formula of calculating rates of depreciation in written down value method ...(accounting) thx a lot beautiful explanation
Not the simplest explanation, but good enough :) Compound interest is the best thing you can take advantage of with your savings... If you invest in broad, passive index funds for a long time, you will be a millionaire. It is that simple :)
Taking the right steps as a beginner in trading requires lots of preparation, developing the skills and using proper risk management which is a psychological torture between fear and greed. My advise is don't lose your hard earned money when there're other ways to simply the process with the help of an experienced financial consultant.
Forex trading comes with a lot of timing and thinking and calculations before you can start earning. for beginners it comes with a lot of losses, for amateur more losses and few wins it best you allow professionals trade for you and also learn from them with the help of Mrs Sarah Williams and her broker I have made $55,000 she trustworthy and transparent I have been trading with her over two month now if you are a legit broker and professional forex tradr to start trading with I totally recommend mrs Sarah Willams you can contact her via WhatsApp by clicking this link wa.link/h6eq5w
But 99% of people won’t have the money to buy outright and if you’re renting you might as well get a mortgage because it’s going towards YOUR house rather than someone else’s
@@Luckbeats very little goes to paying your house. Something like 25% of your mortgage payment each month actually goes to paying off the house. The rest goes to taxes, escrow and interest. And anything goes wrong with the house ( and it will , often) the homeowner is responsible. Not the renter
Forex trading comes with a lot of timing and thinking and calculations before you can start earning. for beginners it comes with a lot of losses, for amateur more losses and few wins it best you allow professionals trade for you and also learn from them with the help of Mrs Sarah Williams and her broker I have made $55,000 she trustworthy and transparent I have been trading with her over two month now if you are a legit broker and professional forex tradr to start trading with I totally recommend mrs Sarah Willams you can contact her via WhatsApp by clicking this link wa.link/h6eq5w
this would have been a bit more powerful if you contrasted compound interest at 3 years vs 30 or even 50 years, since the real magic occurs decades down the line.
Agreed. I did that with my 10 yo son with a simple 100 a month over 40 years...with a modest return of 6%..he was floored. Then I showed him a few thousand a year and he told me when he could invest..lol
@@rhdtv2002 Your son can starting investing at any age, even if he's under 18. Take advantage of a custodial account. I'm 15 and I love getting dividends!
Yes this is good in theory but how do we apply it to the stock market? Let’s say the stock you have grow in price, you can’t do anything with that growth until you sell it, but if you sell it and go and want to buy more with the difference between what you paid and what is worth now you can’t because the price is obviously higher. it’s a rhetorical gain. The only thing you could do is use the dividend the distribuite (if they do) to buy more of that stock, is that what you mean? Please help me understand, when you say the stock market grows let’s say 10% you don’t get that 10% to reinvest it and use the compound interest do you? I don’t know how in practice to follow that exponential increase of earning interest on interest.
This is very true so is the possibility of finding a vehicle that offers 5% interest or more to offset inflation. I personally own 2 separate accounts that have this formula working for me. 1 has a 15% cap but a .75% floor and the other a 12% cap and 0%. Both are doing very well and I'm not exposed to market risk or taxes
So how do I apply this ? Every month I put money in to index fund and at the end of the year invest will be received or grow and I just leave it there ?
I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.
@@devereauxjnr Factos!! Since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.
Long term investments adds up to making interests bigger. I started investing in the last quarter of 2019,and I've garnered a cumulative of about $380k from my $20k investment. One other notable factor for interest depends on the portfolio and the commodities involved.
What are the agreements of the Portfolio with which you trade with? I used to trade with a manager who takes a 30% Brokerage commission from me for his Brokerage platform.
Your manager would have probably been working for a platform and that's understandable for the commission. Whereas I trade with an Independent Broker Certified by the FINRA body. He takes 15% renumeration at the end of trading cycle from my ROI.
Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯 guaranteed.
I agree with you 💯... I had a senior colleague at work who was doing well but never had an investment. Unfortunately he lost his job and went from living a comfortable life to hardship. There would had been something to fall back on if he had an investment
@@jerryassam2040 This makes so much sense, just like he said, for someone to invest, the person should be consider an appropriate choice of investment with limited risk level. I encourage anyone to do same with the help of an expert.
@@jerryassam2040 Speaking of investing, forex trading is the best business in the world right now with the ever raising amount of bitcoin. I know a couple of friends who makes a lot of money weekly trading the financial market
thnx really helped my brain I see all these epic videos on the side of my screen but I gotta stay focused on the video and yours is snappy colourful and got to the point
The missile knows where it is at all times. It knows this because it knows where it isn't. By subtracting where it is from where it isn't, or where it isn't from where it is (whichever is greater), it obtains a difference, or deviation. The guidance subsystem uses deviations to generate corrective commands to drive the missile from a position where it is to a position where it isn't, and arriving at a position where it wasn't, it now is. Consequently, the position where it is, is now the position that it wasn't, and it follows that the position that it was, is now the position that it isn't. In the event that the position that it is in is not the position that it wasn't, the system has acquired a variation, the variation being the difference between where the missile is, and where it wasn't. If variation is considered to be a significant factor, it too may be corrected by the GEA. However, the missile must also know where it was.
Lets say i made 5% on stocks. I bought it at 10 and sold it for 10.5. Now i am going to reinvest my 10.5 in the same stock, but it doesnt cost 10 any longer?
Look up warren buffet. He uses that same principle and is growing Berkshire Hathaway at an insane speed. I think he’s gained over a billion dollars in net worth this past year and he’s worth just under $90 billion I think. In the beginning the interest may not seem like much, but in the long run I guarantee you’ll be impressed with the large amounts of money you’re making.
ok what im wondering is lets say i start saving money now and i put 30 dollars in a savings account and slowly add money to it unil I reach 1000 dollars till the end of the year will the interest be calculated upon the initial (principal) 30 dollars or will i get an interest of the 1000 dollars? what if I have 0 dollars in the savings account for the whole year but put in 5000 dollars on the 31th of December? And if I put in the initial 10.000 dollars for the compound interest, does the bank lock that money for the coming 3 years?
+The Jackal The bank calculates on on a daily basis & pays monthly. The example above is being paid 5% annually. Where as a normal bank account is paid Monthly. So your interest would actually compound more over time than the example above.
Goddammit this the thing which i ws looking for.. Its been whole day I was not understanding this fucking concept and i found this little video.. Very thankful.
Great video thank you so much. By the way, which software was used to create those cool drawings on your presentation while the video was playing. That was great .
Put it in Roth IRA . Self Directed !! And buy some stocks that have 5% dividend , set it automatic dividend reinvestment :) simple , and you are in full control,and no fees
Francis Oduori US , here government let u create Roth IRA ( investment retirement account) they allow you put in $6000 per / year , and you pay zero taxes on the gains when you pull it out at 65
Wait, I'm confused. I'm doing this for financial lit class and so as I was doing the math, I ended up getting 11,576.25. How was he able to get 1,576.25 if I got 11,576.25?
To understand compound interest- on how it builds on-top of itself month after month- here are your monthly payments rising month after month. $40.74 $40.91 $41.07 $41.24 $41.41 $41.58 and continue down until months 34, 35, 36 $46.59 $46.78 $46.97
I'm searching more about how compounding interest works as I learned that the 5% you earn annually from mutual funds or stocks, can be earn monthly thru compound investment by investing in fx.
So... if I understand this correctly, it's just borrowing someone money and saying that the interest is x% and over y time the interest becomes greater by x%. Right?
No it's like the money you borrowed is x , for y interest say for 5 years . The first year your money is (x+y) the second year it is (x+y)+y% of the (x+y) ... So it goes on and on like that
@@NikolaZagorac If you put $100 into a bank account with 5% compound interest per year, you will end the year with $100 + 5%, or $105. The next year, however, you will end with $105 + 5%, or $110.25. The first year, you were given $5 in interest, while the second year you were given $5.25 in interest; that is compound interest. Without compound interest, you would gain $5 every year, because 5% of your initial deposit of $100 will always be $5. This may seem like an insignificant difference - $0.25 over the course of an entire year - but when this is done on a large scale, individuals may be able to generate ever-growing and livable income. Just to hammer the point home, if your initial deposit was $1,000,000 and the bank offered a 5% compound interest rate per year, you would end the year with 1,000,000 + 5%, or $1,050,000. After the second year, you would end with 1,050,000 + 5%, or $1,052,500. The second year you made $52,500 as opposed to the first year where you made $50,000. You can imagine what this value would be after 10, 20, or 30 years.
I understand compound interest but i do not understand how compount interest can be obtained in the stock market if stock prices give you simple interest returns.
this was like... the most helpful video i have watched in a while. my math professor doesn't explain shit so i had no idea what was the difference between compound interest and simple interest
Forex trading comes with a lot of timing and thinking and calculations before you can start earning. for beginners it comes with a lot of losses, for amateur more losses and few wins it best you allow professionals trade for you and also learn from them with the help of Mrs Sarah Williams and her broker I have made $55,000 she trustworthy and transparent I have been trading with her over two month now if you are a legit broker and professional forex tradr to start trading with I totally recommend mrs Sarah Willams you can contact her via WhatsApp by clicking this link wa.link/h6eq5w
How do you find or find out if your bank offers this? Like i dont even believe this saving accounts exist lol best i found was 2.5% and pretty sure its not compounding
its really simple(wink), you borrow 10k at 4% interest, then you put it into a stable investment that pays 7% . Then return the borrowed money, pay the interest and your left with 3% in profit or $300. then create an LLC, pitch your success to investors who will loan you a billion dollars and make 30mil from the same process. repeat if necessary.
This is a great video. I just don't know where a teenager like myself should start. What banks or accounts can I open to start saving? Anyone, help. It woyld be greatly appreciated.
Alex Perez if you can, look at investing your money in a Mutual fund or Index fund as Bonds and Certificates of Deposit (or CD's) often yield a smaller percentage of interest compared to a well balanced/diversified Mutual fund. Hope that helps. P.s. If you can invest a total of $17,050 by the time you are 30 years old, 35 years pass by and you'll have just over $1,000,000.00 (even if you never invested another penny). :)
Don't go to a big bank like Wells Fargo or Bank of America. Instead go to an online bank like Ally. Their interest rates on savings and CDs are better and they compound daily on the savings.
It has not always been easy to make profit from trading I have tried trading with a couple of strategies and none seems to be working out for me until I met Mr ROMERO PIETO who has indeed brought me back to my feet making me earn more more every week.
Thanks alot sir I really do appreciate your help sir I started of in this market not seeing the results I expected and not understanding why but ever since I started investing and trading with Mr Romero pieto I now understand and know the true worth of having an expert by your side .
Learning how to trade doesn't give an edge to become a successful trader. Indeed it is more better when your working with the right people, investing with an expert in this field doesn't change your experience but it helps you realize possible way to earn from the market, that is why I highly recommend Mr Romero pieto.
What happens if you put, $100 in for the compound interest, every day, for 1 year, After 1year compound interest, you have to pay all the money back, or keep your money, when I'm compound interest every day for 1year compound interest.
Compound interest is positive and negative. He who understands compound interest, earns positive compound interest ... he who doesn't ... pays negative compound interest. -SMD
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value.
@maria sandra Oh that sounds good but how do i reach out to Tamara diane hagan ?
@maria sandra OKay i just found her website very impressive and dropped a message for her.,. i hope she reply me.
So is greed, look out for the two. Con men prey on both fear and greed.
Dudes after they put a suit on for the first time be like
kinda helped but i'm still gonna fail this test tomorrow
+Jacob Bourke
Did you fail? What class was it for?
I still failed the test but oh well, simple and compound interest it was on
Grades are just formality,
Knowledge is the results of those sacrifices and the one that will be used in the future.
Did you failed ? Yes. But, did you understood the concept ?
Jacob Bourke you're lucky that you had this resource, I didn't when I went to school so... but you have to have basic understanding for it to make any sense.
I'm watching this math video for science... BECAUSE THAT MAKES SENSE
what bank has 5% interest on their savings? mines like freaking .004% quarterly
+jaysplace01 Banks used to, 30 years ago. Those days are over.
That's why you don't use banks for investing.
ChrisWithACam i don't its just interesting to hear banks had 5% interest at one point
That's why you don't use banks for investing ahha.That's the worst.
Banks aren't going to provide 5%. Investing in diversified index funds are more likely to provide something around that amount. However, funds have up and down years depending on how the markets perform. So at best you can estimate an average annual rate of return, say 5%. That could mean that in one year, the rate of return is -5%, and the year after, it's +15%. On average, that would be 5% over the two years.
this explained the subject 10 times better than any teacher/textbook ever has
Investopedia spitting the straight-up truth!!!
lol
Makes the maths a lesser pain in the ass
sooo.... in english, its reinvesting your profits from investing
understanding both the power of compound return and the difficultly of getting it is the heart and soul of understanding a lot of things - Charles T Munger
No a bank will not offer 5% but a mutual fund in the stock market will offer 5% - 10% over time invested monthly. Basically 5-10 cents for every dollar you invest. Whereas bank offer less than 1% 0r less than a penny for every dollar you deposit. Banks can offer 2% in money market accounts but require a "small" $1,000 deposit lol
Meanwhile I have 1k in my savings account and my bank only gives me 11 cents per 3 months. *sad times*
@@loftwinglife8843 oof
Sooo... the more tests i fail the less i know on the next test and so on? makes more sense now ty investopedia
I think that was the best explanation of compound interest out of all the other vids I watched
take a shot everytime this guy says intrest
You’d be drunk in 40 seconds
@@buttmunch397 he already is. That’s why he can’t spell interest.
@@pigbenis2812 😂😂😂😂😂😂😂😂
Long Term investing through Fidelity or Vanguard at ≈ 12% interest compounded annually.... now thats a reliable millionaire formula
I'm at 17% this year in my Fidelity..
What about now? 😂
Lol. Nice one.
@@dougruwe288 Dollar Cost Averaging👌🏼
Stanley Michael Ramirez On sale! I’ll take it.
watching this for a class in 2021, anyone? money money money, ain't it funny, in a rich man's world.
Good video and nice animations. Does a good job of explaining compound interest.
Reading through the comments I think it's good to note that the interest rate is not the point here. Its more important to understand the principal. There are other videos on where to invest in.
This is really helpful for the simple fact social security retirement might not be a thing in 40 years so we should definitely start by continuing to work harder and start saving this way. Tell you one thing I don't want to be working after 65 when I'm supposed to be enjoying the golden years of my life so I'm definitely going to start with small amount and then let it snowball from there.
How do you put that 500 back into the account to earn interest on interest without selling shares? Or do you sell shares to earn compound interest?
This is the right time to invest in cryptocurrency
The biggest secret in profiting from forex is by getting a varified trader who really understands the market to trade for you while you take zero risk of losing or blowing your account... inexperienced and inconsistency kills alot of amateur traders hopes.. I personally earn $10,000 every week trading just because someone who understands the market really well is in charge of my trades.... I'm happy to share my success to Mr Donald has a reliable and consistent trader.. he's a genius.
I understand it now. Thank you for this simple educating video
very nice video , short , simple and easy to understand ... thank you so much
This says a lot about our society. And yet, we live in one.
I truly came for why is compound interest concept is used for formulation of formula of calculating rates of depreciation in written down value method ...(accounting) thx a lot beautiful explanation
Not the simplest explanation, but good enough :) Compound interest is the best thing you can take advantage of with your savings... If you invest in broad, passive index funds for a long time, you will be a millionaire. It is that simple :)
Gotta love Compound Interest.
Compound Interest > Simple Interest
So how do I go about abstain this account to earn this interest asap
Taking the right steps as a beginner in trading requires lots of preparation, developing the skills and using proper risk management which is a psychological torture between fear and greed. My advise is don't lose your hard earned money when there're other ways to simply the process with the help of an experienced financial consultant.
This is just the simple truth not everyone understands the commitment involved while trading and not everyone is ready to lose their money.
It is better to entrust the creation of your trading portfolio to professionals thats to follow a large whale like a small fish.
Well said, trading successfully is my goal and I believe anyone trading want to achieve consistent profits.
Its achievable with the right guide, it can either take up one's lifetime to master or one big push of luck at an extremely opportune occasion.
How is it going for you? I'll admit that I need help, I can't be on the screen all day.
Should I invest in mutual fund? Please assist me
Forex trading comes with a lot of timing and thinking and calculations before you can start earning. for beginners it comes with a lot of losses, for amateur more losses and few wins it best you allow professionals trade for you and also learn from them with the help of Mrs Sarah Williams and her broker I have made $55,000 she trustworthy and transparent I have been trading with her over two month now if you are a legit broker and professional forex tradr to start trading with I totally recommend mrs Sarah Willams you can contact her via WhatsApp by clicking this link wa.link/h6eq5w
Do you still need help?
@@johnhilljasonscottatgmail yes
@@nirajanpradhan5416 okay! Kindly contact ((jasonscott9998@gmail. com)) he'll help you, I promise!
This is why having a 30 r mortgage sucks
Well what else are people going to do
@@Luckbeats if u cant buy outright, then rent.
But 99% of people won’t have the money to buy outright and if you’re renting you might as well get a mortgage because it’s going towards YOUR house rather than someone else’s
Depends an awesome thing if investing in real estate more cash flow
@@Luckbeats very little goes to paying your house. Something like 25% of your mortgage payment each month actually goes to paying off the house. The rest goes to taxes, escrow and interest. And anything goes wrong with the house ( and it will , often) the homeowner is responsible. Not the renter
Brilliant. I understand it now!! Many thanks. 😁😁👍👍👍
Forex trading comes with a lot of timing and thinking and calculations before you can start earning. for beginners it comes with a lot of losses, for amateur more losses and few wins it best you allow professionals trade for you and also learn from them with the help of Mrs Sarah Williams and her broker I have made $55,000 she trustworthy and transparent I have been trading with her over two month now if you are a legit broker and professional forex tradr to start trading with I totally recommend mrs Sarah Willams you can contact her via WhatsApp by clicking this link wa.link/h6eq5w
I need to do this when i start working.
You working now?
Simple and easy to understand. Goodjob 😊
good teachings. makes you think
this would have been a bit more powerful if you contrasted compound interest at 3 years vs 30 or even 50 years, since the real magic occurs decades down the line.
Agreed. I did that with my 10 yo son with a simple 100 a month over 40 years...with a modest return of 6%..he was floored. Then I showed him a few thousand a year and he told me when he could invest..lol
@@rhdtv2002 Your son can starting investing at any age, even if he's under 18. Take advantage of a custodial account. I'm 15 and I love getting dividends!
Yes this is good in theory but how do we apply it to the stock market? Let’s say the stock you have grow in price, you can’t do anything with that growth until you sell it, but if you sell it and go and want to buy more with the difference between what you paid and what is worth now you can’t because the price is obviously higher. it’s a rhetorical gain. The only thing you could do is use the dividend the distribuite (if they do) to buy more of that stock, is that what you mean? Please help me understand, when you say the stock market grows let’s say 10% you don’t get that 10% to reinvest it and use the compound interest do you? I don’t know how in practice to follow that exponential increase of earning interest on interest.
I agree with you. Theory vs Practice is so hard to dicipher. Did you figure it out?
This is very true so is the possibility of finding a vehicle that offers 5% interest or more to offset inflation. I personally own 2 separate accounts that have this formula working for me. 1 has a 15% cap but a .75% floor and the other a 12% cap and 0%. Both are doing very well and I'm not exposed to market risk or taxes
Hey Scott, can you break that down in English for me? Lol, I'm trying to learn compound interest. Thanks!
So how do I apply this ? Every month I put money in to index fund and at the end of the year invest will be received or grow and I just leave it there ?
I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.
Investing in stocks can be a wise decision, especially if you have a reliable trading system that can lead you to fruitful days of success.
@@devereauxjnr Factos!! Since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.
@@viewfromthehighchairr That's impressive! I could really use the expertise of this advisor.
@@AlbertGReene-p8w credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@viewfromthehighchairr Thanks for the info, i found her website and sent a message hopefully she replies soon.
Long term investments adds up to making interests bigger. I started investing in the last quarter of 2019,and I've garnered a cumulative of about $380k from my $20k investment. One other notable factor for interest depends on the portfolio and the commodities involved.
What are the agreements of the Portfolio with which you trade with? I used to trade with a manager who takes a 30% Brokerage commission from me for his Brokerage platform.
@@nguyenpeter4035 Yea.
Your manager would have probably been working for a platform and that's understandable for the commission.
Whereas I trade with an Independent Broker Certified by the FINRA body. He takes 15% renumeration at the end of trading cycle from my ROI.
%benfredricky@gmail--com:% -
+44 2030954603
Where do you go to get an account to get compound interest?
Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯 guaranteed.
I agree with you 💯... I had a senior colleague at work who was doing well but never had an investment. Unfortunately he lost his job and went from living a comfortable life to hardship. There would had been something to fall back on if he had an investment
So I agree with you 💯
@@jerryassam2040 This makes so much sense, just like he said, for someone to invest, the person should be consider an appropriate choice of investment with limited risk level. I encourage anyone to do same with the help of an expert.
@@jerryassam2040 Speaking of investing, forex trading is the best business in the world right now with the ever raising amount of bitcoin. I know a couple of friends who makes a lot of money weekly trading the financial market
For anyone building for posterity I think crypto is the next gold but the problem is scammers are everywhere.
It's all simple now; thank you
+Seth Thomas simple intrest lol
thnx really helped my brain I see all these epic videos on the side of my screen but I gotta stay focused on the video and yours is snappy colourful and got to the point
The missile knows where it is at all times. It knows this because it knows where it isn't. By subtracting where it is from where it isn't, or where it isn't from where it is (whichever is greater), it obtains a difference, or deviation. The guidance subsystem uses deviations to generate corrective commands to drive the missile from a position where it is to a position where it isn't, and arriving at a position where it wasn't, it now is. Consequently, the position where it is, is now the position that it wasn't, and it follows that the position that it was, is now the position that it isn't. In the event that the position that it is in is not the position that it wasn't, the system has acquired a variation, the variation being the difference between where the missile is, and where it wasn't. If variation is considered to be a significant factor, it too may be corrected by the GEA. However, the missile must also know where it was.
Awesome video! Compound interest is so important for achieving long term wealth!
Lets say i made 5% on stocks. I bought it at 10 and sold it for 10.5. Now i am going to reinvest my 10.5 in the same stock, but it doesnt cost 10 any longer?
So why is compound interest a good thing ? For a few extra dollars or wat ? Im new & learning the ropes of investing that’s all
Look up warren buffet. He uses that same principle and is growing Berkshire Hathaway at an insane speed. I think he’s gained over a billion dollars in net worth this past year and he’s worth just under $90 billion I think. In the beginning the interest may not seem like much, but in the long run I guarantee you’ll be impressed with the large amounts of money you’re making.
Here because our teacher is making us rewrite the entire course as a culminating/final assessment.
not even halfway done, and its due in 33 minutes 💅
Whoa, how'd you do?
Thanks for explaining it so clearly.
ok what im wondering is lets say i start saving money now and i put 30 dollars in a savings account and slowly add money to it unil I reach 1000 dollars till the end of the year will the interest be calculated upon the initial (principal) 30 dollars or will i get an interest of the 1000 dollars? what if I have 0 dollars in the savings account for the whole year but put in 5000 dollars on the 31th of December? And if I put in the initial 10.000 dollars for the compound interest, does the bank lock that money for the coming 3 years?
+The Jackal The bank calculates on on a daily basis & pays monthly. The example above is being paid 5% annually. Where as a normal bank account is paid Monthly. So your interest would actually compound more over time than the example above.
whats the song in the background?
Superb and very clear video. Thank you for such great explanation. Keep educating 🙏🏼
Such professionel explanation but kind of ruined by 360p
Goddammit this the thing which i ws looking for.. Its been whole day I was not understanding this fucking concept and i found this little video.. Very thankful.
Great video thank you so much. By the way, which software was used to create those cool drawings on your presentation while the video was playing. That was great .
How did you get to the 11,025 can someone let me know
does compounding interest also apply in mutual fund?
Yes..the real magic usually happens once you have 100K in your 401k..
Excellent Excellent Excellent experience
Put it in Roth IRA . Self Directed !! And buy some stocks that have 5% dividend , set it automatic dividend reinvestment :) simple , and you are in full control,and no fees
What country and how does this work?
Francis Oduori US , here government let u create Roth IRA ( investment retirement account) they allow you put in $6000 per / year , and you pay zero taxes on the gains when you pull it out at 65
Super easy explanation! Nailed it
👍
Wait, I'm confused. I'm doing this for financial lit class and so as I was doing the math, I ended up getting 11,576.25. How was he able to get 1,576.25 if I got 11,576.25?
He stated the amount of money you earned through interest, you stated the total amount of money in his account after 3 years of compound interest.
To understand compound interest- on how it builds on-top of itself month after month- here are your monthly payments rising month after month.
$40.74
$40.91
$41.07
$41.24
$41.41
$41.58
and continue down until months 34, 35, 36
$46.59
$46.78
$46.97
Thanks for this video! It's going to help me for my scholarship exam!
Did you pass
@@patienceagbey1402 got 228 out of 300 so ig I "passed"
very nice explanation man
“He who understands it, earns it; he who doesn't, pays it” - Albert Einstein
Thanks for the video! Great quality!
I'm searching more about how compounding interest works as I learned that the 5% you earn annually from mutual funds or stocks, can be earn monthly thru compound investment by investing in fx.
So... if I understand this correctly, it's just borrowing someone money and saying that the interest is x% and over y time the interest becomes greater by x%. Right?
The Chronitic not quite lol
@@linearmemories Can you explain then?
No it's like the money you borrowed is x , for y interest say for 5 years . The first year your money is (x+y) the second year it is (x+y)+y% of the (x+y) ... So it goes on and on like that
@@NikolaZagorac
If you put $100 into a bank account with 5% compound interest per year, you will end the year with $100 + 5%, or $105. The next year, however, you will end with $105 + 5%, or $110.25. The first year, you were given $5 in interest, while the second year you were given $5.25 in interest; that is compound interest.
Without compound interest, you would gain $5 every year, because 5% of your initial deposit of $100 will always be $5.
This may seem like an insignificant difference - $0.25 over the course of an entire year - but when this is done on a large scale, individuals may be able to generate ever-growing and livable income.
Just to hammer the point home, if your initial deposit was $1,000,000 and the bank offered a 5% compound interest rate per year, you would end the year with 1,000,000 + 5%, or $1,050,000. After the second year, you would end with 1,050,000 + 5%, or $1,052,500. The second year you made $52,500 as opposed to the first year where you made $50,000.
You can imagine what this value would be after 10, 20, or 30 years.
I understand compound interest but i do not understand how compount interest can be obtained in the stock market if stock prices give you simple interest returns.
where the heck can you get a 5% interest savings account?
Its hypothetical
Nepal it's 10.25%
In india
Some fixed term savings accounts do but you start with a balance of zero is it drops hugely after a year.
Had to watch this for a homework I was doing and I don't know why, but the music reminds me of Spongebob haha
lmao same
same here lol
Great Video I like what you’re Sharing Keep up the Good Work #LinkingMoney
this was like... the most helpful video i have watched in a while. my math professor doesn't explain shit so i had no idea what was the difference between compound interest and simple interest
Are invest of compound interest?
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Simple video, but great content!
Great video
how does this work if all my stocks go down everyday
The visuals helped, thank u so muc
Thank you for this simple yet helpful video, appreciate it
10/10 Video👍
Great Video!
Who else here because a teacher gave the link?
Me
😂 me rn
I’m still confused. Can someone explain?
for some reason this reminds me jurassic park I think its the music or narrator
great video!
How do you find or find out if your bank offers this? Like i dont even believe this saving accounts exist lol best i found was 2.5% and pretty sure its not compounding
its really simple(wink), you borrow 10k at 4% interest, then you put it into a stable investment that pays 7% . Then return the borrowed money, pay the interest and your left with 3% in profit or $300. then create an LLC, pitch your success to investors who will loan you a billion dollars and make 30mil from the same process. repeat if necessary.
Cuh why this feel like the episode where spongebob learns about the patties? But in irl 😂
Simple but powerful
This is a great video. I just don't know where a teenager like myself should start. What banks or accounts can I open to start saving? Anyone, help. It woyld be greatly appreciated.
Read "Rich Dad Poor Dad" by Robert Kiyosaki....another option besides saving is investing(stocks, bonds, etc.)
Alex Perez if you can, look at investing your money in a Mutual fund or Index fund as Bonds and Certificates of Deposit (or CD's) often yield a smaller percentage of interest compared to a well balanced/diversified Mutual fund. Hope that helps. P.s. If you can invest a total of $17,050 by the time you are 30 years old, 35 years pass by and you'll have just over $1,000,000.00 (even if you never invested another penny). :)
Daniel Anthony How did you go from $17,050 to $1,000,000? What type of investment did you use to create that? Would you please explain? Thank you
Don't go to a big bank like Wells Fargo or Bank of America. Instead go to an online bank like Ally. Their interest rates on savings and CDs are better and they compound daily on the savings.
+Sulfen lol daily compounding makes little difference
Simple and easy to understand! Thanks
Thank you. This was very helpful.
شكرا كثيرا يا صاحبي
yes, but where can compound interest be established? MMA? CDs? Mutual Funds?
Compounding is like a cheat code for money
Am i just crazy or does this man sound like SwaggerSouls??
Very useful.
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Nice graphic.
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What happens if you put, $100 in for the compound interest, every day, for 1 year,
After 1year compound interest, you have to pay all the money back, or keep your money, when I'm compound interest every day for 1year compound interest.
Compound interest is positive and negative. He who understands compound interest, earns positive compound interest ... he who doesn't ... pays negative compound interest. -SMD
Muy buena explicacion, exelente
love this video
Albert einstein : Compound Interest is the eighth wonder of the world. He who understands it, he earns it
He who doesn't, pays it.
Two thumbs up!! Thanks bloak! (::