Quote:
Originally Posted by lucky7tea
I use calculator on hypercompound.
Is it true that if I invested $10, compound it 100%, I will receive $26,631 after 300 days?
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No, that's not true. Any money that you let compound cannot be withdrawn. So in order to make as much money as possible you'd have to make regular withdrawals or wait til the end and make huge interest withdrawals on the last month or so.
There is a way to get around this. Give it some thought. It will come to you.
What I'm looking to do with my account is to put in a certain amount of money until I can withdraw say $50 interest earned every business day in a month (average is 23 days/mo). This will supplement my income $1,150 a month. Or take less out each day and watch your balance rise and watch the daily interest payments rise. I'm sure most of you have loftier plans.
But you do need to be aware that only the interest you retain is yours to keep (at least that's what I understood when I talked to admin). Compounded interest stays in the kitty.
I'm hoping this program lasts a long, long time.
So don't start complaining about how you can't take your money out like you thought You were assuming something that wasn't written in the terms. Just adjust your game plan.
To your success