In personal finance, if you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money..
Ex: if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8. Thus 8 years will take to double your money if you invest at 9% of rate of interest.
INTEREST: we can use this rule in reverse to know the rate of interest needed to double your money to achieve your set goal. Continue reading “The Rule of 72”
It’s always good to read some smart investors who did really well in the past. Here are some other lies that investors tell themselves on a consistent basis, including many I’ve told myself over the years:
Who are you ? Are you a Trader or Investor, Most of the post on this blog is written under the background as investors not as a Trader.
If only I would have taken my own advice…
I’m not wrong, the market is. You’ll see.
Investing is easy.
I can predict when the next correction is coming. Continue reading “Liar Liar”