#compound

Compound interest??

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Compound interest?? I understand the idea of compound interest. Making interest from the money accumulated through interest. Here is where I get a little confused I guess. I see people talking about compound interest with stocks. If I buy a stock for say 1000. keep it simple it grows by 10%. The stock is worth 1100. If the following year the stock grows by 10% ag…

Reddit Personal Finance 784 2025-01-13

Compound Interest Mechanics

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Compound Interest Mechanics Hello, all! Please forgive me if I’ve missed this explanation somewhere, but I am trying to understand compound interest better so that I can explain it to someone else. My ex-wife sent a screenshot from a Facebook group giving the following advice: Instead of putting down $5k on a car and paying $1,077 monthly for 6 years, open a brokerage acco…

Reddit Personal Finance 1.0k 2024-06-21

East Hampton compound; interiors designed by Neal Beckstedt

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East Hampton compound; interiors designed by Neal Beckstedt In one family’s Long Island compound, two hallmarks of Hamptons architecture stand side by side—a 19th-century Shingle Style saltbox festooned with hydrangeas (they call it the farmhouse) and its super-modern foil, heavy on the glass, by New York City firm Architecture Outfit. Full article and more pictures at: https://www.architecturaldigest.co…

Reddit Interior Design 848 2024-05-31

Compound interest while accounting for monthly withdrawals

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Compound interest while accounting for monthly withdrawals I’m trying to determine if it makes financial sense to pay off my auto loan or to try and beat it with savings interest. I know there are calculators but I wanted to try it by hand. Here are the figures: Current principal: $15,000 (let’s assume this is the exact payoff amount) Loan interest rate: 5.69% Loan monthly payment amount: $420.69 M…

Reddit Personal Finance 1.3k 2024-04-24

How is compound interest NOT too good to be true?

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How is compound interest NOT too good to be true? 22M here and my dad explained it to me where if I invest 2,000 a month for 40 years I could be a multi millionaire? I mean even after 20 years I could have a few million to my name and he showed me on an investment calculator. He said “don’t make my mistake” but it kinda feels like that’s way too good to be true. submitted by /u/genshinim…

Reddit Personal Finance 1.2k 2024-04-22

Retirement Question .. Roth and Compound Interest

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Retirement Question .. Roth and Compound Interest I saw a video online from the Ramsey Show explaining the benefits of a roth IRA. I don’t care whether people like this guy, I just stumbled upon it while trying to research what I should do and I’m sure people find him informative while others find him to be a bum – this is the internet after all. But it’s the example I am going to use. A guy ca…

Reddit Personal Finance 573 2023-11-11