What Difference Does A Decade Make?
December 4, 2007 :: Investing :: 25 Comments
In "7 Costly Retirement Savings Mistakes to Avoid," I had mentioned that waiting too long is the number one mistake. I am afraid I didn't demonstrate it well, so here is a different look at the concept. Assume that in each scenario, the investment grows at 10% per year*. * Based ...
The First Million Is The Hardest
September 28, 2007 :: Investing :: 48 Comments
Not long ago, I participated in a conversation on NetworthIQ: "Struggling with breaking the first million mark". The question posed was about mental focus and persistence needed to get to that magical $1 million mark. However, it got me thinking about the mathematical aspect of it. As you can see from ...
Introduction to CAGR
August 28, 2007 :: Investing :: 11 Comments
On books, web sites, and blogs (including this one) you may have come across references such as the S&P 500 has grown 13% annually for the past 30 years or something to that effect. You may wonder what that means and where did they get that number. When someone states ...
