While You Were Waiting


bwg2021 said:
A message for the first preorder-ers

If you would have put the money into an account even an account with simple interest you would have made a good bit in return


In my case i laid down 384.5$ for my pandora and accessories in an account earning a measly 4% I would have made 184.56$ if the interest was just a bit higher say
7% i would have made 322.98$ my earnings combined with the money i made i could buy two pandora units!



(again this is would only apply to those who preordered in the begining or a year ago(or close to a year ago))
But interest rates have gone really crappy in many banks due to the economy crash... I think your estimations are a little high there.
 
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No.

[edit: I would have "made", after tax, about $10. And I for one am happy to contribute that to the effort of getting Pandora off the ground.]
 
bwg2021 said:
In my case i laid down 384.5$ for my pandora and accessories in an account earning a measly 4% I would have made 184.56$

Wha? 4% of 384.50 is 15.38 - You been banking with Bernie Madoff or something?
 
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bwg2021 said:
A message for the first preorder-ers

If you would have put the money into an account even an account with simple interest you would have made a good bit in return


In my case i laid down 384.5$ for my pandora and accessories in an account earning a measly 4% I would have made 184.56$ if the interest was just a bit higher say
7% i would have made 322.98$ my earnings combined with the money i made i could buy two pandora units!



(again this is would only apply to those who preordered in the begining or a year ago(or close to a year ago))
How exactly do you make $184 off an initial investment of $384 with just 4% interest????

I wish you were my bank manager, i'd be a multi millionaire by now :p
 
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Incidentally, as a second-batch orderer, I still have my ~$340 USD in a Certificate of Deposit.

Tremble before the $4 or so I've made in the time I've been waiting!
That would have been $3.90 or so if I had pre-ordered!

HA.
 
bwg2021 said:
whoops!
compounded the interest monthly
$330 invested at 4%, compounded DAILY is still only $13.47 interest. Compounded monthly, it's $13.44. Every other month, $13.42. Every six months, $13.33. And only once, $13.20.
http://www.moneychimp.com/calculator/compound_interest_calculator.htm
 
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He calculated the interest 4% monthly, without compounding it

4% of $384.50 is $15.38

$15.38 x 12 months = $184.56

That is a pretty major lack of understanding in investing
 
Just a side note: For those who get their preorder in now and are paying with euros, the Pandora is actually roughly 13 euros (around 20 US dollars) cheaper (compared to those who preordered Sep 30, 2008).

330 US dollars to euros in September 30, 2008: 234.36
330 US dollars to euros in October 15, 2009: 221.05

234.36-221.05=13.31
13.31 euros is 19.83 US dollars at current rate (from yesterday)

Well, that is if looking just from currency exchange rate perspective.

How about that? ;)
 
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