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Old 06-14-2022, 08:37 PM
Stu from NYC Stu from NYC is offline
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Quote:
Originally Posted by manaboutown View Post
"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
There have been some periods where this did not happen but long term it can be done.