As I’ve discussed in previous articles, the two most significant negative emotions for investors are greed and fear. Either one on its own can lead to people losing money, but more often than not they are combined in an elegant double-whammy that hits some amateur investors so hard that they leave the market with their […]
Posts Tagged ‘investing’
Fear. We’ve all felt it at some point. The ominous sound of footsteps padding along behind you as you walk back from the pub in a provincial town at 2am on a Saturday night. The realisation that your evil mother-in-law is coming to dinner and you’ve forgotten the steak (not to mention the garlic and […]
“Working nine to five, what a way to make a living”, sang Dolly Parton. She was right, too, although today it’s more like “Working nine to six with a twenty minute lunch break, plus the commute, and probably an hour’s unpaid overtime on top and I never get any thanks and my blood pressure’s too […]
28 Sep, 2007
Compound interest - what it is, and why you want it on your side
Posted by: Alex In: Features
It’s been said that there are two types of people in the world: those who understand compound interest and those who are doomed to pay it. In this article we’ll investigate what that means and whether or not it’s actually true.
First, we need a definition of compounding and compound interest. When your interest is compounded […]
Search
- More job losses as UK motor industry circles the drain
- VAT up, down, shake it all around
- Anger on the streets (and in the annual shareholder’s meeting)
- Only the women can save us now
- “Arg! We’re all completely screwed!” says Confederation of British Industry
- Unemployment benefits probably won’t cover the mortgage repayments
- “If we cut taxes, do you promise to start spending again? Please?”
- The psychology of confidence
- Interest rates slashed - your savings are now as worthless as your house
- Government abandons its own golden rules on borrowing and debt
- JKA on Economics: Where will it end indeed. UK Car sales, new registrations were down almost 40% in November. The problem is demand and even where there is demand, the
- ooopinionsss: How you think when the economic crisis will end? I wish to make statistics of independent opinions!
- Lance: The goverment has introduced special legislation which means that you will get double the protection allowance if you have savings in two banks that m