Almost everyone has heard of interest. If you have a bank account, the bank probably pays you interest. (Even if it is a 0.000001% interest rate) If you have any debt, then you are likely paying interest on that debt. However, do you understand the effects of compound interest? Compound interest is the effect of […]
What are bonds?
We’ve addressed what stocks are, and now it’s time to talk about the other most common financial asset that people buy: Bonds. So what are bonds? Definition: What are bonds? A bond is a debt contract. The person who buys the bond, buys the right to receive their money back at some later date, in […]
