http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html Bridging the gap between saving money and investing Wed, 25 Nov 2009 16:48:43 -0800 http://wordpress.org/?v=2.8 hourly 1 http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html/comment-page-1#comment-376879 The Latte Effect: When Financial Changes May Be a Little Late - SavingAdvice.com Blog Tue, 29 Jul 2008 11:50:38 +0000 http://www.pfadvice.com/?p=341#comment-376879 [...] something that would chip, fade or be gone in a matter of minutes (I drink my lattes fast). And the power of compounding interest over the years is an incredible concept, especially when you start so young. Plus I don’t even miss those extra [...] [...] something that would chip, fade or be gone in a matter of minutes (I drink my lattes fast). And the power of compounding interest over the years is an incredible concept, especially when you start so young. Plus I don’t even miss those extra [...]

]]> http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html/comment-page-1#comment-306730 Change the Way You Think about Money - SavingAdvice.com Blog Tue, 13 May 2008 08:27:34 +0000 http://www.pfadvice.com/?p=341#comment-306730 [...] rather spend than invest right now), focus on how much you will gain by investing even earlier. Compounding interest is an amazing thing and it’s even more amazing the more time you have. The earlier you start, the more likely you [...] [...] rather spend than invest right now), focus on how much you will gain by investing even earlier. Compounding interest is an amazing thing and it’s even more amazing the more time you have. The earlier you start, the more likely you [...]

]]> http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html/comment-page-1#comment-124418 Brad Mon, 08 Oct 2007 20:17:35 +0000 http://www.pfadvice.com/?p=341#comment-124418 I'm amazed that no one has cited a most obvious fact. The trinkets that bought Manhattan would be priceless today as artifacts! If the indians had saved them, they could have sold them now to museums and wealthy investors for whatever price they claimed, or just charged admission to their own museum. The value of the trinkets would not be subject to the whims of (or existence of )the stock market. I’m amazed that no one has cited a most obvious fact. The trinkets that bought Manhattan would be priceless today as artifacts! If the indians had saved them, they could have sold them now to museums and wealthy investors for whatever price they claimed, or just charged admission to their own museum. The value of the trinkets would not be subject to the whims of (or existence of )the stock market.

]]> http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html/comment-page-1#comment-62299 chmersch Thu, 21 Jun 2007 18:54:36 +0000 http://www.pfadvice.com/?p=341#comment-62299 If you are using todays dollars to determine the value of the trinkets ($9 an ounce times the number ounces of silver gets you the $162) you would then have to discount that back to 1626. Or you could just keep it in at the current date and they Native Americans got $162 for Manhattan. If you are using todays dollars to determine the value of the trinkets ($9 an ounce times the number ounces of silver gets you the $162) you would then have to discount that back to 1626. Or you could just keep it in at the current date and they Native Americans got $162 for Manhattan.

]]> http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html/comment-page-1#comment-16634 Fetch Blogs » Blog Archive » This Week’s Carnivals Tue, 06 Feb 2007 04:25:18 +0000 http://www.pfadvice.com/?p=341#comment-16634 [...] Be sure to check out Personal Financial Advice’s informative and entertaining post on compound interest. Savvy Saver serves up the Carnival of Personal Finance this week. He highlights some blogs that [...] [...] Be sure to check out Personal Financial Advice’s informative and entertaining post on compound interest. Savvy Saver serves up the Carnival of Personal Finance this week. He highlights some blogs that [...]

]]> http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html/comment-page-1#comment-15979 Insurance » This Week’s Carnivals Sun, 04 Feb 2007 12:30:21 +0000 http://www.pfadvice.com/?p=341#comment-15979 [...] Be sure to check out Personal Financial Advice’s informative and entertaining post on compound interest. Savvy Saver serves up the Carnival of Personal Finance this week. He highlights some blogs that [...] [...] Be sure to check out Personal Financial Advice’s informative and entertaining post on compound interest. Savvy Saver serves up the Carnival of Personal Finance this week. He highlights some blogs that [...]

]]> http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html/comment-page-1#comment-11507 Witzige Geschichte über den Zinseszinseffekt • Börsennotizbuch Fri, 22 Dec 2006 23:49:52 +0000 http://www.pfadvice.com/?p=341#comment-11507 [...] Die nordamerikanischen Idianer haben bekanntlich einmal um 1600 die Halbinsel Manhattan für ein Gegenwert von etwa $16 verkauft. Wenn Sie denken, dass sie ein schlechtes Geschäft gemacht haben, irren Sie. Oder zumindest liegen Sie damit nicht so richtig, wie Sie meinen. In dem Blog Personal Finance Advice können Sie nachlesen (auf Englisch), warum. Dahinter steckt die unglaubliche Wirkung des Zinseszinseffektes. [...] [...] Die nordamerikanischen Idianer haben bekanntlich einmal um 1600 die Halbinsel Manhattan für ein Gegenwert von etwa $16 verkauft. Wenn Sie denken, dass sie ein schlechtes Geschäft gemacht haben, irren Sie. Oder zumindest liegen Sie damit nicht so richtig, wie Sie meinen. In dem Blog Personal Finance Advice können Sie nachlesen (auf Englisch), warum. Dahinter steckt die unglaubliche Wirkung des Zinseszinseffektes. [...]

]]> http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html/comment-page-1#comment-5757 nobody Sun, 24 Sep 2006 00:52:47 +0000 http://www.pfadvice.com/?p=341#comment-5757 Nice article, its amazing how the money adds up! Nice article, its amazing how the money adds up!

]]> http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html/comment-page-1#comment-766 My Financial Journey » Compound Interest Article Sun, 12 Feb 2006 23:32:32 +0000 http://www.pfadvice.com/?p=341#comment-766 [...] While I had heard this story in the past and was actually planning on doing a write up on it for this blog, but after reading the blog entry on Personal Finance Advice I decided there is no way I could do a better job. Check out the article here [...] [...] While I had heard this story in the past and was actually planning on doing a write up on it for this blog, but after reading the blog entry on Personal Finance Advice I decided there is no way I could do a better job. Check out the article here [...]

]]> http://www.savingadvice.com/blog/2006/01/15/10341_compound-interest-manhattan-the-indians.html/comment-page-1#comment-588 Geomatryx Sun, 22 Jan 2006 22:50:34 +0000 http://www.pfadvice.com/?p=341#comment-588 I love these calculations !! Entertaining and Informative. I love these calculations !! Entertaining and Informative.

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