ELSI Money WORD/S OF THE DAY

ELSI Money WORD/S OF THE DAY – January 23, 2024:

  Return on Investment (ROI) Return on Investment (ROI) is a metric used to understand the profitability of an investment. ROI compares how much you paid for an investment to how much you earned to evaluate its efficiency. Let’s take a look at how it’s used by both individual investors and businesses. When you put

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ELSI Money WORD/S OF THE DAY- January 22, 2024:

Yield Yield refers to how much income an investment generates, separate from the principal. It’s commonly used to refer to interest payments an investor receives on a bond or dividend payments on a stock. Yield is often expressed as a percentage, based on either the investment’s market value or purchase price. For example, let’s say bond

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ELSI’s Money WORD/S OF THE DAY – January 11, 2024:

  Bitcoin Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for verifying transactions and can be purchased on several exchanges. 

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ELSI Money WORD/s OF THE DAY- January 8, 2024:

  Compound Interest Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.   “Interest on interest,” or the power of compound interest, will make a sum grow faster than simple interest, which is calculated only on the principal amount. Compounding multiplies money at an accelerated

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