If you asked who would be a good person to take your lead from in the financial market, Warren Buffet would have to be that person. So given that he has just sank $5,000,000,000 into Goldman Sach, does that mean the financial markets have bottomed?
Posts Tagged ‘investment’
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”