5 ms·
"it will almost certainly double in value in 7 years" implies 10% is an almost certain long term return. It is not. 10 years is a common rule of thumb to doubl
by grumpy_coder 2y ago
"it will almost certainly double in value in 7 years" implies 10% is an almost certain long term return. It is not.
10 years is a common rule of thumb to double your investment, this is a good guess since after adjusting for inflation, the real return of S&P 500 is about 6.8%. Which is about 10.5 years to double your investment.
(give or take S&P 500 being one of the best returns you will find historically)
- dangus 2y ago10% is almost certain but yes I wasn’t adjusting for inflation.