Hi folks, baby number two coming any day now…journal today is short and sweet.
Eddie
PS two things that caught my eyes and ears this week:
Uninvestable: Reconciliation Gone Wrong. If our federal government is serious about attracting investment and being a reliable partner in the world, it would do well to stop fueling concerns over property rights.
Alpha School and the Future of Education. My vision for SmartMoneyKids is influenced by this approach.
Personal Finance
Compound interest and the importance of starting early:
Investing $500/month for 30 years = $1.1 Million - pretty good…
Investing $500/month for 45 years = $4.7 Million - much better…
Stock Markets
What a 10% average return actually looks like:
There will always be stock market declines, some of them heavy and painful
Since 1990, intrayear declines of 10%+ have happed 21 times
And yet, $10,000 invested grew to $400,000, a 40x increase
Average return during this period: 12%
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