Compound Interest: The Eighth Wonder of the World 25 July
Event Details
Free
Date and Time
Thu, 25 July 2024
13:00 - 14:00
Location
Your event Zoom link is available via IOB Learn, but will also be emailed to you before 11am on the morning of your event.
Event Details
Free
Date and Time
Thu, 25 July 2024
13:00 - 14:00
Location
Your event Zoom link is available via IOB Learn, but will also be emailed to you before 11am on the morning of your event.
According to Albert Einstein, compound interest is the eighth wonder of the world! The power of compounding allows us to put our money to work for us (and not the other way round).
In this presentation we will explore the dramatic impact compounding can have on wealth accumulation. It will cover the basic principle of compounding, show its relevance across finance, and explore some subtle implications for wealth management including the importance to early saving and the opportunity cost of discretionary spending.
There is 0.5 CPD hours for the following Designations:
QFA (Life Assurance, Savings and Investment, Pensions, Consumer Credit and Debt Management)
APA (Life Assurance, Savings and Investment, Pensions, Consumer Credit and Debt Management)
Registered Stockbroker (Life Assurance, Savings and Investment, Pensions, Consumer Credit and Debt Management)
Professional Banker
Chartered Banker
LCI
CIFD
AMP
AFP
WMP
Dr Gerry Grenham
Senior Academic Consultant, IOB
Dr Gerry Grenham is former Head of Postgraduate Programmes and currently Senior Academic Consultant at IOB. His experience covers all aspects of IOB educational programmes, with particular emphasis at the postgraduate level. He has been involved with the Graduate Diploma in Financial Planning since the programme’s inception and is a former Programme Director. As Programme Director he has been involved in programme design and review over the years.
Gerry holds a Bachelor of Science degree in Physics, a Masters in Management Science (now Data Analytics) and a PhD in Management Information Systems.
