BEST INVESTMENT INFORMATION SPECIALLY FOR STUDENTS
If you are a college student, chances are good that you do not think about your finances too often. Between studying for exams, making sure you get a decent roommate next year, and navigating the tricky world of college romance, your plate is full. And when you do think about money, it is either to figure out whether you have enough in your checking account for party for the weekend, or it is to have an existential crisis about the massive amounts of student loans you have racked up (which you’ll soon need to pay back). According to financial experts, college investors have a significant advantage over other types of investors. They have time – lots of it. Time is an incredibly powerful thing, especially when you are talking about money and investing. And the sooner you start, the more powerful it becomes.
Okay, I have question for you have guys heard the term “compounding” before?? Usually, it is used to talk about savings accounts and the interest that they earn, but it also applied to your investments.
Compounding essentially means that your money is making money. In terms of a savings account, it is when the interest that you have accrued begins to accrue its own interest, on top of the principal. In terms of investments, it is when your investment profit begins to generate its own profit, on top of what the principal generates.
Let us see a real time example of student investor (X)
Here investor X started invested in 2004/05 and look how much he made in 15 yrs with small amount without doing anything else.
With just 75000/- invested in total became 4,42,128/-. So, X got XIRR of 17.12.
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