Does getting a 6% return from the market in a month excites you?
This means that if you started with a capital of $10,000, by the end of one month, your capital grew to $10,600. In other words, you made a profit of $600 in that month.
Well, you may be thinking, “Not too exciting, just a little bit of money.”
Really?? What if you can make 6% return every single month compounded?
In other words:
- 1st month: 10,000 x 1.06 = 10,600
- 2nd month: 10,600 x 1.06 = 11,236
- 3rd month: 11,236 x 1.06 = 11,910.16
- 4th month: 11,910.16 x 1.06 = 12,624. 77
- and so forth until you get to the 12th month
Go and punch the calculator right now and see the end figures (I know you are lazy, you can visit here to auto-calculate for you).
By the end ...
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