this post was submitted on 10 Dec 2024
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[–] Donkter@lemmy.world 38 points 2 weeks ago (1 children)

I understand compound interest and how it works. If I invest money now, the interest I earn compounds on my accumulated interest on top of the initial investment. It's not a very difficult or esoteric concept.

What now? Do I get a pony?

[–] Kelly@lemmy.world 9 points 2 weeks ago

That depends, did you buy ¼ of a pony 20 years ago?