Skip to content

Hiep's Finance

We've earned the money. Now what?

compounding

The power of compound interest: why you should start investing today

Posted on February 14, 2013 by Richard the MBA

On Tuesday, February the 5th, I finally opened an investment account at Scottrade, after missing out on a lot of good deals from the stock market recovery from late 2011 through 2012. My 401(k) plan with my employer consists of mostly stock rather than fixed income, and sure enough my annual return in 2012 was almost 20%. But I was particularly confident about the revival of Bank of America when its stock price was around $5 a share, and even now I still believe I would have bought a lot of their shares and would have benefited from the 100% return had I known how to invest and had the determination to step into the investment world. Regrets are my life enemy, and to end this agony, I just had to open an investment account.

I have a personal interest in investing, so investing is just especially exciting to me. But there’s another reason I wanted to start investing sooner rather than later, and this reason applies to everyone. Continue reading The power of compound interest: why you should start investing today

Rate this:

Share this:

  • Twitter
  • Email
  • Reddit
  • Print
  • Facebook
  • LinkedIn
  • Tumblr
  • Pinterest

Like this:

Like Loading...
Posted in InvestmentTagged Bank of America, checking account, compounding, interest, investment account, investment return, savings account, scottrade, share, stock13 Comments

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.com

Recent Posts

  • A brief history of retirement saving plans
  • Investing: The mindset
  • What is a Visa Signature credit card?
  • The purpose of a checking account
  • The purpose of a savings account

Most popular posts to date

  • Today’s feature: Discover It credit card review
  • AT&T "family" plan: an economical choice
  • How to save your credit in bankruptcy
January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jan    

Hiep’s Finance

Hiep’s Finance

Categories

  • Cost saving
  • Credit card selection
  • Credit history
  • Investment
  • Other topics
  • Payments
  • retirement
  • Shopping
  • Uncategorized

Enter your email address to follow my blog and receive notifications of new posts by email.

Join 62 other followers

Blog Stats

  • 249,035 hits
Blog at WordPress.com.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.
%d bloggers like this: