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Would you care to elaborate on what relevant difference there is between 5% interest in a savings account and 5% growth of stock portfolio? Compound interest i
by croon 6y ago
Would you care to elaborate on what relevant difference there is between 5% interest in a savings account and 5% growth of stock portfolio?
Compound interest is compound interest. 5% or 7% or 11% matters, where that comes from doesn't.
- biolurker1 6y agoThere are no savings accounts with interest comparable to stocks. If that was so nobody would invest in stocks because one has big risk and the other zero. You are very financially illiterate and I don't mean it as an insult. Sadly these things should be taught at schools. Also, there are currently no 5% saving rates in any of the big currencies.
- tstrimple 6y agoIt literally doesn't matter if there are savings accounts with 5% interest. The example was illustrative and focused on the percentage, not the vehicle through which it was earned. You're being pedantic to the point of distraction here and not adding any value to the subject at hand.