How much will 10000 invested be worth in 40 Years?
According to MSN Money, A $10,000 stake in Berkshire Hathaway in 1964 would have grown to $80 million during the Oracle of Omaha’s tenure. Indexes and mutual funds are far behind. This is the power of compound interest and the long term investing. Those who have invested in anything for the long term will have this benefit. If you invest in some good stock or asset for this much long term than even if it won’t appreciate this much, it will surely appreciate just like this. The Compound interest has 3 main elements – Principal, Time and the Rate of Interest. Out of which the time is most important element. The more time you invest in your investments, the more your investments will grow. And over the time, the compound interest increases in the geometric proportion and grow your wealth in a breath taking manner. The Simple interest increase in linear proportion but the compound interest increases in geometric proportion. And this is the reason I advise you to hold any asset for a long t
