[QUOTE="Kikouken"] Investing your money would help the economy and not you? Uhhh....:| Right...
If you got 175$ for your birthday I wouldn't even spend that, nowadays that isn't that much money. You should just save it.
Xbox360gamer1
First of all I would need ti invest A LOT more then $175 to make a profit considering buy,selling and trading feesWhat would I save it for?
dude when ur 70ish years old, and wanting some money in ur retirement so ur not dead on the streets,
175 dollars at an 8% interest rate is 12 thousand dollars.
so think about it, that's only 175 bux, think about if u had a par time job and acutally saved some of that and was able to keep like 3000 in the bank, at only an 8percent yearly interest rate, that's 200 thousand dollars when ur 70. so the more u put in the bank now the more later.
play around with this:
http://www.epricefinancial.com/wc.dll?cptest1%7Ecalc%7Efv%7Eepri
Log in to comment