Dad: Son, it's about time I tought you about investing your money
Me: Cool, lay it on me!
Dad: First thing is ROI which stands for "Return on Investment." If you invest $10 and end up with $14 afterwards, your ROI is $4.
You could also express it as a percentage by dividing the ending number by the starting number. So, in this scenario, you'd end up with $14 / $10 which will result in 1.4.
1.4 in percentages equates to 140% (just muliply the # by 100).
The 140% means above and beyond what you started with (100%), you now also have am additional 40% on top. This 40%, once again is the ROI, or return on investment.
Me (Feeling like I'm getting it): So, what is a good ROI%?
Dad: If you have an incredible, I mean totally stupendous year in the market, a 3-5% yearly ROI can be attained.
Me: Whaaaa????
Dad: I know, impressed, right?
Me: No, confused. You said 3-5% per year, right?
Dad: Well, yes, son. But those are not guaranteed results. It may not always work out quite that well.
Me: That well????
Me: Dad, do you even $LDOGE in the InvestBox?
😂😂😂😂😂STEEM 🔛
