Welcome to the channel! I will try to write useful content ab | Retire at 40

Welcome to the channel!

I will try to write useful content about investing. It is about investing, not about trading and speculation. Invite friends and acquaintances to the channel. Let's get rich together!

I'm sure everyone can make a million. It only takes time, patience, discipline and a little knowledge. Now I want to talk about compound interest.

Ask Warren Buffett what factors behind his success are strongest, and he will answer - “compound interest” - with little or no thought.

He's been promoting this for the past 60 years, and that's what made him a billionaire. And every investor can copy it with ease.

According to his calculations, if the Queen instead invested this $ 30 thousand at 4% per annum, this portfolio would be worth $ 7 trillion today. Such is the remarkable power of compound interest, which Einstein called the eighth wonder of the world. Even the most modest amount, if allowed to grow, albeit by a small annual interest, but over a relatively long period of time, over time turns into an astounding amount of money.

I would especially like to draw your attention to the fact that Buffett says about the importance of even small percentages over a long period of time, the problem is that you and I do not have hundreds of years in reserve. I think you can talk about 20 or 30 years depending on how early you start investing. We will consider an acceptable yield of 12-15% per annum.

So, if you start with a $ 5,000 deposit and invest $ 2,000 annually, earn 15% per year, reinvest these amounts over 30 years, then you will earn $ 1,000,000 million and this is more than an acceptable amount for a retirement life.

In general, we do not wait and start using compound interest right now, no matter how old you are now.

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