Read? Compound Interest is not the same as Compound Returns (3)
I think the most misunderstood quotation from Einstein by many investors is this one:
"Compound interest is the eighth natural wonder of the world and the most powerful thing I have ever encountered." ~ Albert Einstein Quotes
Einstein was talking about compound interest and not on return on investment or compound return on investment.
Open your eyes big and big and read again.
SSB 10-year return at 2.97%. Better than T-bills and fixed deposits?
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What happened? This month, we saw the yield on the 6-month Singapore T-bill
fall to 2.9%. The best fixed deposit rate has also fallen to 2.8%. Hence,
ma...
4 hours ago
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