S&P500 Index - Weekly - 8% per year compounded -Educational
143.59 to 1814.16 from 1981 to 2014 is 33 years to grow 13 fold.
13 fold is a double 3.6 times (1-2-4-8-13)
3.6 doubles in 33 years is a double every 9 years.
9 years to double is 8% per year using the Rule of 72.
(Instead of using a financial calculator)
No dividends are considered in this calculation, which are substantial over time (after tax, reinvested).
Tim 10:55AM EST Jan 8, 2015
13 fold is a double 3.6 times (1-2-4-8-13)
3.6 doubles in 33 years is a double every 9 years.
9 years to double is 8% per year using the Rule of 72.
(Instead of using a financial calculator)
No dividends are considered in this calculation, which are substantial over time (after tax, reinvested).
Tim 10:55AM EST Jan 8, 2015
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com