The miracle of interest on interest

Miraklet med ränta på ränta. 1 USD investerad i amerikanska stora företagsaktier 1824 var värd 16 miljoner USD i oktober 2023 om alla utdelningar hade återinvesteras säger Bank of America (BofA).

The miracle of interest on interest. 1 USD invested in US large company stocks in 1824 was worth 16 million USD in October 2023 if all dividends had been reinvested says Bank of America (BofA).

Now, we should keep in mind that a dollar in 1824 was quite a lot of money compared to what the average person earned, but it gives a rather exciting picture of how much a dollar invested can become in two hundred years.

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