Don't Make These 5 Compound Interest Mistakes
Channel: On Financial Terms
Date: 2024-03-16

The one and only Warren Buffet, often referred to as the oracle of Omaha, once said the following:  My wealth has come from a combination of living in America, some lucky genes, and compound interest. No wonder his company has a portfolio value of over 300 billion dollars. A whole big accomplishment if you ask me. But talking about compound interest again, the mechanism of sounds very simple. I mean, buy 1 2 3, or 4 stocks, sit on your ass, don't you dare touching that ... sell button, reinvest the dividends for 10 years straight and lo and behold, your stocks all together are now worth a fortune. But, there are however some mistakes many people will fall into. 

0:00 Introduction
0:54 Mistake number 1
1:38 Mistake number 2
2:43 Mistake number 3
3:12 Mistake number 4
4:15 Mistake number 5
4:32 Emotions
5:21 Summary of the 5 mistakes
6:20 Outro

#compoundinterest #investing #avoidmistakes