Wednesday, September 5, 2012

Compound Interest? Huh. Investors Flunk Key Financial Literacy Test


From: Moneyland - 1:30pm - September 5, 2012

Everyday investors who buy bank CDs, select money market and mutual funds, allocate assets in a 401(k),?and borrow to buy a home or car, know painfully little about the way money works, a new study concludes. Sadly, Americans didn?t just flunk this latest financial literacy test; they got almost nothing right. The Securities and Exchange [...]

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Source: http://ewallstreeter.com/compound-interest-huh-investors-flunk-key-financial-literacy-test-6269/

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