I know many investors understand what I am saying when I mention “The 8th Wonder of the World” in Investment parlance. I know since the days that we have the 7 wonders of the World, there are many new “Wonders” of the world coming aboard but what I am referring to as the “8th Wonder of the World” is that wonder proclaimed by Albert Einstein which is “Compound Interest”. For investors with a long term strategy on investing, a small sum of monies invested regularly and compounded by a good fixed rate of return will do wonders to your monies. So in today’s economic climate, what is a good fixed rate of returns?
I think we are quite used to a low interest rate environment ever since the United States began its Quantitative Easing measures which in laymen’s terms, is nothing but printing monies. It is exactly due to this ......