In short he is saying a pint of beer actually costs $20
Sometimes compounding is to powerful for me...
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In short he is saying a pint of beer actually costs $20
Sometimes compounding is to powerful for me...
I know we are just throwing around examples
But 15% for 30 years is close on Warren Buffet rates. Aim for half of that and you would do well.
Forget that site - too complicated. Rule of 72 simply says the % yield divided into 72 gives the number of years for investment to double. e.g. An 8% return will double the principal in 9 years. (8x9 =72).
To double money in 15 years you need a yield of 4.8%. (72 divided by 15 = 4.8)
Not deadly accurate, but near enough.