We offer you the most effective way of wealth building
Wealth is great. It goes hand in hand with freedom and allows the person not having to work and earn money for someone else. Wealthy person can engage in his hobbies or spend time with family. Moreover, with wealth you also have the ability of choosing to go on vacation whenever you please.
As wealth we may classify only those assets which are increasing value or generating returns. Cash is not an asset. It's difficult to find a millionaire who has build up his wealth thanks to term deposit account.
Your financial success depends
on three factors:
- size of your investment,
- growth rate of your investment,
- horizon how long you let your money grow.
The first and the third factor is about your setup.
Thanks to compound interest Finax will take care
that your money will grow as quickly as possible.
Compound interest is a miracle
Investment performance of 10 000 €, return 8%, 30 years
|Years||Return on deposit||Interest on interest||Value of the investment|
|1||800 €||0 €||10 800 €|
|3||2 400 €||197 €||12 597 €|
|5||4 000 €||693 €||14 693 €|
|10||8 000 €||3 589 €||21 589 €|
|20||16 000 €||20 610 €||46 610 €|
|30||24 000 €||66 627 €||100 627 €|
If you let the investment work for a longer period of time, the returns will be higher each year. The reason of this being the so-called compound interest, which means that in every subsequent period not only your initial deposit but also the returns you have already earned are appreciated. You get the so-called income from returns. When e.g. you invest 10,000 € with an average annual return of 8%, at the end of the first year your return is 800 €. The second year, the amount that is appreciated is 10,800 €. The return is then 864 € and your return for the first two years is 1,664 €. Consequently, 8% of 11,664 € is 933 € and the value of your investment at the beginning of the third year is 12 597 €.
Start investing today
Take advantage of compound interest.