Now a trend is being made that people are more interested in compounding and in any financial market they are taking full benefit of this. Just like insurance companies are taking benefit from it. Insurance companies every month deduct a specific amount from you and use it in daily base compound.
Now just think how much this money becomes with them after 10 years. Example, if agreement with insurance company is that every month they take $10 from you, after 10 years your money is $1200. After agreement time maybe they give you $1500 or near around which is not fixed.
They have the options to increase or decrease which is another disadvantage for the investor. This is because if they managed to earn good amount during the tenure then they will give you some extra amount but if they didnot manage then surely they will decrease your profit.
As I know that insurance companies are getting more profit then we are expecting maybe 3X-5X. Meaning after 10 years of investment your money becomes $1200, but because compounding formula is used on daily base then I think after 10 years you can easily get $5K–$6K.
I will never give my money to insurance, bank or such markets where they get more profit themselves and share very less to the investors. Instead you should invest in such place where you get best profit. Its better to plan an investment where you can get all the benefits yourself.
The Best Way to Grow Small Savings into a Retirement Fund
Specially for Hive users this option is best that by using compound formula in ecosystem you can make best retirement. I have been in this platform for more than 5 years, if I had followed this formula from that time until now then surely I would have made best earning till this time.
But still time is there and for retirement I can make best earning. For new Hive users this is best chance that they keep this thing in mind and from today start practice on this formula.
In this platform investment is more safe because it is decentralized. This thing should be fully used. Here you can do saving and investing on 2 coins, Hive and HBD.
HBD is better because its rate is fixed, but Hive is also not bad because in future this coin’s price will surely increase. So if you want risky one then Hive investment is best. Because it can give unexpected growth to your capital but with it risk of loss is also there.
But if you want safe and fixed investment then #HBD is best. Best option of HBD is its 15% APR which makes it more favorable. You will get the payment after every 30 days.
Example for 10 years I thought of compound formula, every month I will add 100 HBD then after 10 years my total will be $12000. Check in below table how much profit I will get after 10 years.
Your Investment After 10 Years
| Year | Monthly Investment (HBD) | Total Balance (HBD) |
|---|---|---|
| 1 | 100 | 1,298.95 |
| 2 | 100 | 2,785.94 |
| 3 | 100 | 4,493.58 |
| 4 | 100 | 6,456.48 |
| 5 | 100 | 9,500.69 |
| 6 | 100 | 13,111.16 |
| 7 | 100 | 1,8245.30 |
| 8 | 100 | 2,3534.44 |
| 9 | 100 | 27,509.47 |
| 10 | 100 | 29,902.45 |
After 10 years my total investment will be $12000 but I will get return almost $30000. Is this not best? This is absolutely best and it gives you 3X gain easily. Which is best for retirement plan.
This will depend on investor how much monthly he invests. Sure thing, the more investment the better return. But the real thing is to understand this majestic formula, if someone understands compounding formula then surely he will make best retirement.
Have you ever used this formula anywhere? If in 10 years time you get 3X profit then how is this deal? Share your opinion so that in next post there will be improvement.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
Thank You!
*Best Wishes.