Start Making Cents – with Christoph Waltz
When it comes to investing, only take risks you’re comfortable with.
How much risk should I take when investing?
When it comes to investing, you can choose to have a conscience.
It’s possible to invest sustainably.
When it comes to investing, mix it up. You never know what could be a hit.
You can invest in two projects.
Project A: 10% or 6% return, with either outcome equally likely.
Project B: 12% or 4% return, with either outcome equally likely.
Compared to Project B, Project A has… (pick one option) *
When it comes to investing, the earlier you start in life, the better.
When is the best time to invest?
When it comes to compound interest, patience pays off.
If you had $1000 in a savings account and the interest rate was 2% per year, compounded annually, how much would you have after 5 years?
Year one = 1000 x 1.02= 1020
Year two = 1020 x 1.02= 1040.4
Year three = 1040.4 x 1.02= 1061.21
Year four = 1061.21 x 1.02= 1082.43
Year five = 1082.43 x 1.02= 1104.08
For more, why not give our retirement income calculator from Allianz Life a try?