Todays Dilbert cartoon left me laughing but then in the second wave realised the practical lesson that was there to learn. Yes Dogbert is correct if you invested a hundred dollars in an investment that returned 5% in 190 days, well just over 188 to be exact you would have a million dollars. Our perception of money can sometimes be warped when you consider the time cost and then add on a risk component to get the interest rate up so that you can get to you goal in a shorter period of time.
Albert Einstein correctly made the comment
“The most powerful force in the universe is compound interest”
Tags: investment
