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Investing/Strategies / Retirement Investing
|Subject: Re: Is compound interest working?||Date: 5/12/2010 7:07 PM|
|Author: Rayvt||Number: 67096 of 76238|
I keep trying to do this on paper and I realize I need keep track of more and more data. I clearly need an excel spreadsheet.
Yes, you really need to use a spreadsheet---otherwise it is exceedingly difficult. The good news, however, is that you don't really need to do this, except for your own amusement. The money grows and copmpounds as it will. And your broker helpfully collects the dividends and credits them to your account. If you have a broker who will pseudo-DRIP, such as etrade, they'll even automatically buy more shares with the dividend.
Is there a helpful website out there to help set up a way to track returns, etc. related to stocks?
The good news: Yes.
The bad news: They tend to disappear after few years.
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