If my portfolio returns 15% a year (with adjectives returns reinvested) how long will it filch to double my income?
Not a homework query! From a curious math-handicapped.
Answers:
Rule of 72 will distribute you an estimated answer.
72 / rate of return = years to double your money.
within your grip 4.8 so i would vote 5 years.
Of course remember in attendance is a TAX situation to consider and I would use AFTER -TAX rate of return.
right at 4.8 years
15% a year would filch 6.666667 years
Your investment will double in 4.8 years as per the rule of 72. This will ensue individual when the compunding is done annualy.
Yard...see if you can use this calculator to help out solve it
http://www.finishrich.com/free_resources...
Save the site to faves...even if it doesn't sustain right here, it can work on some other figure ( also frail contained by math)
In common, the multiplier is 1.15^N -- where on earth N is the number of years. So -- we stipulation to solve for:
2 = 1.15^N
Take the log of both sides, and you seize:
ln(2) = N*ln(1.15)
A little algebra give you:
N = ln(2)/ln(1.15) = 4.95948 years
The Rule of 72 is of late an approximation.
I'd close to to invest in a couple stocks, but do not know how?
Why would anyone buy a stock, when prices are going down?
Is near a process to download stocks on through US exchanges and the TSX to Excel?
What are some obedient stocks to invest in beside 100,000 dollars within a 3 month term?
Does anyone know of a website that provides information of chronological 5 year ceremonial of indian stocks?
Answers:
Rule of 72 will distribute you an estimated answer.
72 / rate of return = years to double your money.
within your grip 4.8 so i would vote 5 years.
Of course remember in attendance is a TAX situation to consider and I would use AFTER -TAX rate of return.
right at 4.8 years
15% a year would filch 6.666667 years
Your investment will double in 4.8 years as per the rule of 72. This will ensue individual when the compunding is done annualy.
Yard...see if you can use this calculator to help out solve it
http://www.finishrich.com/free_resources...
Save the site to faves...even if it doesn't sustain right here, it can work on some other figure ( also frail contained by math)
In common, the multiplier is 1.15^N -- where on earth N is the number of years. So -- we stipulation to solve for:
2 = 1.15^N
Take the log of both sides, and you seize:
ln(2) = N*ln(1.15)
A little algebra give you:
N = ln(2)/ln(1.15) = 4.95948 years
The Rule of 72 is of late an approximation.