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06-14-2022, 07:09 PM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,917
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Thanked 5,146 Times in 1,970 Posts
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Quote:
Originally Posted by Stu from NYC
If I can double our money every 6-8 years I am a very happy camper. All you need to do is refer to the rule of 72 to see what rate of return you need on average to double your money in a particular time frame.
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"According to Standard and Poor's, the average annualized return of the S&P index, which later became the S&P 500, from 1926 to 2020 was 10%. At 10%, you could double your initial investment every seven years (72 divided by 10)."
From: How To Double Your Money Every 6 Years
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