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ATFX简评：GBPUSD、USDCAD、EURCHF空头趋势良好 jrj.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jrj.com.cn Daily Mail and Mail on Sunday newspapers.
If there were an eighth wonder of the world, we’d nominate the equation for compound interest: Your money x (1 + i)^n. (If you’re not a math geek, don’t worry; we’re going to decipher that for you.)
Albert Einstein called this deceptively simple formula the eighth wonder of the world and went on to say “he who understands, earns it….he who doesn’t, pays it” We call it your ticket to financial independence.
That’s right, just three straightforward inputs can change your life: the amount of money you invest; the rate of return you get; and how much time you have to let your money grow.
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Low interest rates have turned money market funds into dead money.
Though they’ve been superseded by better alternatives, money market funds still hold billions of dollars belonging to retail investors who want to keep cash parked safely. Fees on these funds can be in the range of 0.3 to 0.6 per cent. Returns lately have ranged around zero.
Basically, low interest rates have choked off returns from money market funds. After fees are applied, there’s nothing left for investors. Find a better place for your cash as soon as possible.