What does a rate cut mean for investors? The quote often attributed to Albert Einstein acts as a good starting point – “Compound interest is the eighth wonder of the word. He who understands it, earns it; he who doesn’t, pays it”. Put simply – interest is earned on money in the bank, but paid on debt owed.
The dominance of the "Magnificent 7" and FAANG stocks within the NASDAQ-100 Index underscores their significant influence on the market, propelled by their high market capitalizations and impressive growth rates.
While every care and effort has been taken to ensure the accuracy of the information provided, any information shared on this website does not constitute advice as defined in the Financial Advisory and Intermediary Services Act, 2002. It is your responsibility to get professional advice to determine whether any information taken from our website will suit your personal circumstances. Authorised Financial Services Provider | FSP 43488
2024 • All Rights Reserved • Created by Fort Hartley Brand Consultants
