Quote from: prix on October 01, 2019, 06:56:35 AM

Quote from: Silverstone1111 on November 09, 2017, 06:04:23 AM

that compound interest is such a great thing

Quote from: ClvrGmr on November 09, 2017, 01:29:37 PM

Conpound interest is one of the most greatest invention of economist.

Quote from: timerland on October 01, 2019, 03:21:08 AM

Compound interest is probably one of the best ways to make money

I don't understand. Isn't that just reinvesting?
You can either take the income, or invest it in whole or in part. What is so special about this?

I check the definition: https://en.wikipedia.org/wiki/Compound_interest

Quote

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. Compound interest is standard in finance and economics.

But you describe everything as if you discovered some kind of grail.

Compound interest is one of the best investment options though, you achieve a lot more profit compared to simple interest investment options, and it's such a good investment that I've actually rarely seen investments that offer those sort of interest rates.

Think I did get the 2 terms mixed up, compound interest isn't reinvesting, that's my bad, and there are no locked investment periods for compound interest.