Power of compounding

photo by orangeacid
Investment experts keep advising us to “invest for the long term,” mainly so that we may benefit from the power of compounding.
Take an individual who decides to invest Rs. 50,000 for 20 years. Assume that he earns a constant return of 8% per year. In the first five years, the Rs. 50,000 invested [...]

Author: Austin Comments: 2 comments Date: 22 Sep 2008 More: Read more
Categories: Saving Money Tags: , , , , ,

Need Money For Short Term? Try Secured Loans

A friend of mine recently applied for a personal loan from a leading bank and was shocked to know that she would be paying almost 50% of the loan amount as interest, spread over a period of 5 years. The purpose of this personal loan was to settle some outstanding credit card dues. Agreed, [...]

Author: Austin Comments: 0 comments Date: 4 Apr 2008 More: Read more
Categories: Loan Tags: , , , , , ,