Read? Salutation To This Warrior: 17 Years Long Service And Outstanding Award For Bringing Food To Monks In The Temple Of Capital
No re-investing of dividends from Kep Corp which was bought in Sep 2001 at $1.32 till now. All dividends were refunded through CPFIS back to CPF OA to earn 2.5% compound interest since Dec 2001.
After 17 years, ROC based on total compounded interests from Dec 2001 to Dec 2018 = 135%
Average ROC per year = 7.9%
The beauty of compounding will only happen near the tail end and then it will make the Average looks attractive.
Compounding interest separates the rich from the broke. The great Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it.” ......
