22-05-2023, 08:46 AM
(22-05-2023, 08:24 AM)Levin Wrote: Doubling investments in 30 years should require only a compound rate of 2.34%.
4.7% compound rate will nearly quadruple the initial investment.
This figure is based on "dollar cost average"
The money is pored into market in instalments hence on average each dollar is inside the market for only 15yrs.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.