Decades-Old Investment Wisdom from Albert Einstein

by Simon Black
Sovereign Man

Albert Einstein is rumored to have said that “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”

These days interest rates are near zero. The average savings account currently pays .09% interest per year, according to the FDIC.

So over the course of a decade, saving $100 with compound interest would give you a grand total of $109.37.

But at the same time, the opposite force is working against us. Inflation currently stands around 2.5%. And that compounds too.

Continue Reading at…