Follow the money
Poor boys

The basic stuff

Chicago Boyz:

I try to promote financial literacy and have helped many friends and some family members when they ask questions. Ideally we would actually drive financial literacy through school and into the university. Even those who have a degree in finance or accounting often lack practical advice on personal finance and don’t know how to approach these issues.

A colleague of mine asked me about stock market returns some year ago. I told him that it averages 8% in the long run. So, if you invest a $100,000, then in ten years--

"You'll have made $80,000," he said.

Sigh. Is compound interest that difficult?


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)