Month: September 2019

Back during my adviser days, I was often asked: “can you show us how to save money?” Now on the surface, the question (and its many variants) appeared quite the simple problem for trained money professional like me. But in fact, their question was actually asking me to produce what was tantamount to the ‘holy grail’ of financial planning!

Compound interest, or as Albert Einstein reputedly referred to it as “the eighth wonder of the world.” has been hijacked. Yep, you read it right, highjacked! It appears the world of financial marketers and a bunch of charlatans and hucksters have taken this humble formula and are portraying it as some sort of ‘Holy Grail’ of investing, capable of creating millions of dollars from virtually nothing.