Posts Tagged ‘wealth’

Upper Income People Can't Be Bothered With The IRA

Upper Income People Can’t Be Bothered With The IRA

By The Banker | Blog Posts, Personal Finance, Taxes

Please see my earlier post on The Humble IRA.   Does the humble and homely Individual Retirement Arrangement (IRA) matter to well-paid people? I remember being shocked in the late 1990s when my mentor Jim on the bond trading floor at Goldman declared “I don’t bother with IRAs because nobody’s getting rich investing through an [&hellip

Part II - Compound Interest and Wealth

Part II – Compound Interest and Wealth

By The Banker | Blog Posts, Personal Finance, Wall Street

Compound Interest Math Formula – The Most Powerful Math in the Universe Please see my earlier post, Part I – Why don’t they teach this math in school? For the sake of blowing the lid off this vast cone of silence, here’s the compound interest formula: Future Value = Present Value * (1+Yield)N This is [&hellip