{"id":1110,"date":"2024-02-20T10:14:05","date_gmt":"2024-02-20T09:14:05","guid":{"rendered":"https:\/\/investmentphilosoph.com\/?page_id=1110"},"modified":"2024-04-27T00:31:25","modified_gmt":"2024-04-26T22:31:25","slug":"weitsicht","status":"publish","type":"page","link":"https:\/\/investmentphilosoph.com\/en\/weitsicht\/","title":{"rendered":"Foreseight"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"1110\" class=\"elementor elementor-1110\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-88e7dee e-flex e-con-boxed e-con e-parent\" data-id=\"88e7dee\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-403d018 e-con-full e-flex e-con e-child\" data-id=\"403d018\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-a29872f e-con-full e-flex e-con e-child\" data-id=\"a29872f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0340c3c elementor-widget elementor-widget-heading\" data-id=\"0340c3c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 25-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Foreseight<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08a8976 elementor-widget elementor-widget-heading\" data-id=\"08a8976\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"dfr\">\u201eYou get over stimulated in Wall Street and you hear lots of things and you may shorten your focus and a short focus is not conducive to long profits.\u201c<\/span> <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b980361 elementor-widget elementor-widget-heading\" data-id=\"b980361\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Warren Buffet (when asked why he stays away from Wall Street)<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf472c6 elementor-widget elementor-widget-heading\" data-id=\"cf472c6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Microsoft co-founder Bill Gates once said that most people overestimate what they can achieve in a year and underestimate what they can achieve in 10 years. This assessment can be wonderfully applied to stock market performance. Generally speaking, we humans tend to prioritise the current and immediate anyway. In the case of asset accumulation, there is also the compound interest effect, which is chronically underestimated. We humans can only think linearly and not exponentially and therefore underestimate how crucial the time factor is for wealth accumulation. Warren Buffett, for example, invested in his first shares as a child and yet he only earned 99% of his current wealth after his 50th birthday - thanks to compound interest. For a better understanding, the power of compound interest can be illustrated using examples of calculations - the results are astonishing.<\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dbae4c4 elementor-widget elementor-widget-image\" data-id=\"dbae4c4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 25-07-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/investmentphilosoph.com\/wp-content\/uploads\/2024\/04\/Weitsicht-Zinseszins-Effekt.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Der Zinseszins-Effekt\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MjA4MywidXJsIjoiaHR0cHM6XC9cL2ludmVzdG1lbnRwaGlsb3NvcGguY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDI0XC8wNFwvV2VpdHNpY2h0LVppbnNlc3ppbnMtRWZmZWt0LWUxNzEyNzY3ODAzNjg5LnBuZyJ9\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"400\" src=\"https:\/\/investmentphilosoph.com\/wp-content\/uploads\/2024\/04\/Weitsicht-Zinseszins-Effekt-e1712767803689-768x400.png\" class=\"attachment-medium_large size-medium_large wp-image-2083\" alt=\"\" srcset=\"https:\/\/investmentphilosoph.com\/wp-content\/uploads\/2024\/04\/Weitsicht-Zinseszins-Effekt-e1712767803689-768x400.png 768w, https:\/\/investmentphilosoph.com\/wp-content\/uploads\/2024\/04\/Weitsicht-Zinseszins-Effekt-e1712767803689-300x156.png 300w, https:\/\/investmentphilosoph.com\/wp-content\/uploads\/2024\/04\/Weitsicht-Zinseszins-Effekt-e1712767803689-1024x534.png 1024w, https:\/\/investmentphilosoph.com\/wp-content\/uploads\/2024\/04\/Weitsicht-Zinseszins-Effekt-e1712767803689-1536x801.png 1536w, https:\/\/investmentphilosoph.com\/wp-content\/uploads\/2024\/04\/Weitsicht-Zinseszins-Effekt-e1712767803689.png 1891w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9509c5d elementor-widget elementor-widget-heading\" data-id=\"9509c5d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Source: Own calculations<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9666ec elementor-widget elementor-widget-heading\" data-id=\"e9666ec\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"elementor-heading-title elementor-size-default\">The centre column of the table shows that \u20ac10,000 with an average interest rate of 7% will develop into \u20ac149,745 within 40 years. With a return of 9%, this amount more than doubles again to \u20ac314,094. In the latter case, the initial \u20ac10,000 invested represents just 3% of the final assets - 97% is generated through interest and compound interest. The \u2018Rule of 72\u2019 method can be used as a rule of thumb. It is a rough approximation of the time (in years) required for an investment to double at a certain rate of return. The number 72 is divided by the average annual return expected for the investment. So if we assume an annual return of 7%, it will take roughly 10 years (72 .\/. 7) for the capital invested to double. At 40 years, that would be four doubling periods, i.e. 2^4 (16). Accordingly, the initial investment would increase sixteenfold, in this case from \u20ac10,000 to roughly \u20ac160,000. This roughly corresponds to the exact value in the table.\n<br><br>\nUnfortunately, many people are still leaving their money in their bank accounts and are therefore not only missing out on the opportunity to build up assets, but are even destroying value in the process in view of negative real interest rates. Against this background, it is advisable to start investing as early as possible and - at least as important - to think long-term so as not to lose sight of the goal in the distant future.<\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-644bbf6 elementor-align-right elementor-mobile-align-justify elementor-widget elementor-widget-button\" data-id=\"644bbf6\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/investmentphilosoph.com\/en\/kompetenzkreis\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-long-arrow-alt-right\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M313.941 216H12c-6.627 0-12 5.373-12 12v56c0 6.627 5.373 12 12 12h301.941v46.059c0 21.382 25.851 32.09 40.971 16.971l86.059-86.059c9.373-9.373 9.373-24.569 0-33.941l-86.059-86.059c-15.119-15.119-40.971-4.411-40.971 16.971V216z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Continue to Circle of competence<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Weitsicht \u201eYou get over stimulated in Wall Street and you hear lots of things and you may shorten your focus and a short focus is not conducive to long profits.\u201c Warren Buffet (auf die Frage warum er sich von der Wall Street fernh\u00e4lt)\u200b Microsoft Mitgr\u00fcnder Bill Gates sagte einmal, dass die meisten Menschen \u00fcbersch\u00e4tzen, was [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"class_list":["post-1110","page","type-page","status-publish","hentry"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - 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