this post was submitted on 04 Sep 2023
1358 points (87.1% liked)

Memes

45730 readers
1161 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml
1358
Happy Labour Day to people who are not landlords. (lemmy.world)
submitted 1 year ago by BonesOfTheMoon@lemmy.world to c/memes@lemmy.ml
395 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] Rodeo@lemmy.ca 1 points 1 year ago (1 children)

Can you link to the actual calculator you're using for that? That page you linked is just their homepage. I've never seen a calculator that accounts for a DRIP.

[โ€“] Hexadecimalkink@lemmy.ml -2 points 1 year ago

It's just a compound interest calculator https://www.getsmarteraboutmoney.ca/calculators/compound-interest-calculator/

Use this one to calculate the value with inflation (average historically is 3.25% over the last century) https://www.wealthmeta.com/calculator/compound-interest-calculator