Is a 900% return the same as a 30% return for 30 years. It's the same amount right it equals 900%. 30% for 30 years. Will you get the same return if you make a 900% in 1 year as you would with a 30 year 30% return each year.
The answer that I get is no. I turned $368 into $7,000. That's a 2,000 percent return. If I had made a 2,000 percent return over 30 years at 60% per year it would have turned into 2 billion bucks! Compounding interest SUCKS!!!!!!! I WANT MY 2 BILLION DOLLARS, I've been cheated by compounding interest!
Not sure where you get 2 billion since $768 compounded at 30% annually is about 2 million dollars. It's not an "apples-to-apples" comparison, anyway.
I get 2 billion...http://www.moneychimp.com/calculator/compound_interest_calculator.htm 33 years compounding at 1 for 60% each year, starting at $368
No, it's not. It's 2 million. I just entered the numbers you have using that link. Not sure what you are doing wrong.
~2 bill. Incidentally, there's a simple equation to get the results. p0*(1+rtn)^nyr here, 368*(1+.6)^33 ~ 2e9 30yrs would get you to around 1/2 bil (as long as we're dreaming).
I ended up with $2 billion as well. 1.6^33 = 5,444,517. So, you'll multiply your starting value by 5 million. In any case... this is a really silly thread.
I just used this post.... Granted, from post to post, there's very little consistency in his numbers.