It’s one of the most basic investing principles and might have been the first one you learned – it’s the “Rule of 72.” The “rule” is the classic shortcut that estimates how long it takes to double your money. Today’s graphic from the Visual Capitalist takes the rule of 72 shortcut and uses the more precise logarithmic formula to show how long it takes to grow your money at different annualized returns. Indeed….Stay safe have have a Happy Friday!!!
Hat tip to the Visual Capitalist.
