Comments on: Savings and Compound Interest http://blog.johnlacey.net/savings-and-compound-interest/ Just another WordPress site Sat, 12 Feb 2011 11:12:27 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Monica http://blog.johnlacey.net/savings-and-compound-interest/#comment-285 Monica Tue, 23 Sep 2008 19:24:51 +0000 http://blog.johnlacey.net/?p=249#comment-285 Thanks for the post. Stumbled upon it rather late. There are many compound interest calculators available on the Web but the principal of compound interest is really very simple: it's just money you make on your <a href="http://www.hsbc.co.uk/1/2/personal/savings" rel="nofollow">savings</a> Monicas last blog post..<a href="http://frugalcents.wordpress.com/2008/09/22/debt-by-the-meter/" rel="nofollow">Debt by the meter</a> Thanks for the post. Stumbled upon it rather late. There are many compound interest calculators available on the Web but the principal of compound interest is really very simple: it’s just money you make on your savings

Monicas last blog post..Debt by the meter

]]> By: Rob http://blog.johnlacey.net/savings-and-compound-interest/#comment-284 Rob Thu, 24 Jul 2008 06:33:02 +0000 http://blog.johnlacey.net/?p=249#comment-284 :P sorry its taken me so long to read. I would NEVER keep it for 30 years and I wouldn't take the 130 a month plan, thats precicely why im waiting. =P and i meant monthly compounding, (which is what it states in the comic) every saving account is compounding. still... interesting... BUT NOT AS INTERESTING AS AN IPHONE OMG I STILL WANT ONE!! =P :P sorry its taken me so long to read.

I would NEVER keep it for 30 years and I wouldn’t take the 130 a month plan, thats precicely why im waiting. =P

and i meant monthly compounding, (which is what it states in the comic) every saving account is compounding.

still… interesting… BUT NOT AS INTERESTING AS AN IPHONE OMG I STILL WANT ONE!!
=P

]]> By: Daniel http://blog.johnlacey.net/savings-and-compound-interest/#comment-283 Daniel Sun, 20 Jul 2008 11:09:49 +0000 http://blog.johnlacey.net/?p=249#comment-283 The main fallacy with this type of reasoning is that money does not retain its value. You won't, to use a topical example, be able to fill your car with petrol nearly as many times with $300,000 in thirty years time as you will now. Of course, the idea of investment is that the fund grows at a faster rate than the depreciation of the currency, so you do make money, but not as much as it seems when you look at the figures. The main fallacy with this type of reasoning is that money does not retain its value. You won’t, to use a topical example, be able to fill your car with petrol nearly as many times with $300,000 in thirty years time as you will now. Of course, the idea of investment is that the fund grows at a faster rate than the depreciation of the currency, so you do make money, but not as much as it seems when you look at the figures.

]]> By: Leuke http://blog.johnlacey.net/savings-and-compound-interest/#comment-282 Leuke Sun, 20 Jul 2008 05:47:18 +0000 http://blog.johnlacey.net/?p=249#comment-282 I love my term deposit. ^^ I love my term deposit. ^^

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