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Doubling your money in 10 years is < 7.2% per year compounded. With the risks involved here, I wouldn’t take that bet. There are safer assets that would return
by vickychijwani 1y ago
Doubling your money in 10 years is < 7.2% per year compounded. With the risks involved here, I wouldn’t take that bet. There are safer assets that would return that much.
- moralestapia 1y agoWhich ones, so I can acquire them.
- vickychijwani 1y agoJust holding Nasdaq 100 ETFs is enough? People get impressed by "doubled my money" but forget that the most important question is - how much time did it take? Even a super safe asset with 3% returns will double your money... in 24 years.
- moralestapia 1y ago7%+ per year?
- vickychijwani 1y agohttps://www.invesco.com/qqq-etf/en/performance.html https://www.invesco.com/qqq-etf/en/performance.html Nasdaq 100 -> 4.5x your money in 10y S&P 500 -> 2.5x your money in 10y
- moralestapia 1y agoWhew! Thanks! (No really, I thought the "just invest" thing was a meme)