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by grumpy_coder
493 days ago
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"it will almost certainly double in value in 7 years" implies 10% is an almost certain long term return. It is not. 10 years is a common rule of thumb to double your investment, this is a good guess since after adjusting for inflation, the real return of S&P 500 is about 6.8%. Which is about 10.5 years to double your investment. (give or take S&P 500 being one of the best returns you will find historically) |
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