22-05-2023, 08:24 AM
(22-05-2023, 08:14 AM)sgbuffett Wrote: The dollar cost average over 30years is around 15000.
It means investors double their $$ during the period.
The compound return us around 4.7%.
Doubling investments in 30 years should require only a compound rate of 2.34%.
4.7% compound rate will nearly quadruple the initial investment.